Rep. Kelly Introduces Bipartisan Bill to Help Boost Manufacturing in America

Jun 28, 2017 Issues: Economy and Jobs, Tax Reform

WASHINGTON — U.S. Representative Mike Kelly (R-PA) – a member of the House Ways and Means Committee – issued the following statement today after introducing the Invent and Manufacture in America Act (H.R. 3068) in the House of Representatives. This legislation would provide a tax credit for companies that not only conduct research & development (R&D) in the United States but domestically manufacture products resulting from said R&D as well. The bill is co-sponsored by Rep. Ron Kind (D-WI). The Senate version was introduced earlier this month by Sens. Chris Coons (D-DE) and Pat Roberts (R-KS).

Statement by Rep. Kelly (R-PA):

“The 21st century has seen the loss of more than 70,000 manufacturing plants and more than 5 million manufacturing jobs in America. It is long past time for a turnaround plan. This bill is a bipartisan solution to this unacceptable trend. Scientific research and technological innovation are massive economic drivers that need to be supported. Manufacturers not only strengthen our economy and provide good jobs but also help create separate jobs in supporting industries. It just makes sense to encourage both R&D and manufacturing to take place domestically. By making it easier for companies to carry out the entire production process here in America, from conception to creation, we can rejuvenate our entire manufacturing sector and help new jobs be created for Americans. I call on my colleagues in both parties and both houses to support this commonsense bill.”

Rep. Kind (D-WI):

“With an increasing number of manufacturers choosing to move production overseas it is critical that we take action to curb this trend by incentivizing them to expand and create more jobs here at home. Wisconsin manufacturers are economic drivers in our local communities. Working on policies, like the Invent and Manufacture in America Act, that level the playing field here at home is critical to helping businesses innovate and create jobs.”

Sen. Roberts (R-KS):

“Research and development in new technologies and new products is an important source of economic growth. The new technologies, products, and lower prices generated by investments in R&D create new jobs, raise wages, and create new demand for goods and services. Our legislation would increase cash flow for small businesses and start-ups involved in R&D intensive activities by reducing past, current and future tax liabilities leading to permanent tax savings.”

Sen. Coons (D-DE):

“To remain the world’s leading economy in the 21st century, we must continue to expand investments in research and development, which is the lifeblood of economic growth. But it’s not simply enough to invent products in the United States. Those products should also be manufactured here. A strong, growing manufacturing sector will create jobs and drive more foreign direct investment and reshoring to the United States. That’s why I’m proud to partner with Senator Roberts to introduce bipartisan legislation that will help companies invent and make their products in America.”

Keith Roe, President, American Society of Mechanical Engineers:

“The Invent and Manufacture in America Act amplifies the success of the R&D tax credit by expanding its benefits to more fully serve the American worker. When American innovations are manufactured abroad, we surrender our competitive advantage. This bill will strengthen innovation at home and make the United States more competitive globally by encouraging more domestic R&D and manufacturing. When goods and technologies are manufactured where they are invented, it promotes further advances and allows the entire innovation pipeline to reinvigorate itself more quickly.”

NOTE: The Invent and Manufacture in America Act has been endorsed by: the American Society of Mechanical Engineers (ASME), the Information Technology and Innovation Foundation (ITIF), the American Small Manufacturers Coalition (ASMC), and the National Council for Advanced Manufacturing (NACFAM).