The Tooling, Manufacturing & Technologies Association is an organization
dedicated to serving, enhancing and promoting the success of its member companies for the mutual benefit of all concerned through the increased power of group strength and leadership.
TMTA Backs the Following Legislation:
H.R. 820 - To amend title VII of the Tariff Act of 1930 to clarify that countervailing duties may be imposed to address subsidies relating to a fundamentally undervalued currency of any foreign country. Sponsored by Rep. Sander Levin (D-MI-9). S. 433 - A bill to establish a benefit calculation methodology with respect to currency undervaluation for purposes of countervailing duty investigations and reviews, and for other purposes. Sponsored by Sen. Jeff Sessions (R-AL).
Sign this Trade Balance Petition Sponsored by the Coalition for a Prosperous America!
For 40 years, perennial trade deficits have resulted in debilitating and potentially permanent job losses, stagnant incomes, industry losses and massive foreign debt. Stunningly, U.S. law has never prioritized balanced trade as a national objective.
Perpetual trade deficits and unlimited foreign debt are unsustainable for any nation. While there is still time to avoid a catastrophic economic correction, Congress should direct the President to pursue Balanced Trade now as the principal federal trade policy objective to ensure that trade agreements and other trade initiatives reduce and do not exacerbate our economic difficulties.
From the Alliant Group:
Tax Extenders Clear the Senate Finance Committee With Expansions for the R&D Tax Credit and Section 179D
On Tuesday, July 21, the U.S. Senate Finance Committee cleared tax extenders legislation that, if passed by Congress, would extend and expand both the R&D Tax Credit and the Section 179D tax deduction for energy-efficient commercial buildings. alliantgroup applauds the proposed extenders bill, declaring both the extension and expansion of these tax incentives a major victory for small and mid-sized businesses. Full article From the New York Times:
China's Currency Dilemma
China's decision to devalue its currency, the renminbi, by 2 percent against the dollar on Tuesday is intended to give its slowing economy a boost. But the decision is likely to be seen by lawmakers in the United States and elsewhere as currency manipulation to increase Chinese exports at the expense of producers in other countries. Full article
From the USA Today:
Yuan and you: How China's devalued currency affects U.S. consumers
China on Wednesday devalued its yuan currency for a second day running. It could have an effect on American consumers. Here's how. Full article
From Coalition for a Prosperous America:
THE HILL: "REAL FREE TRADE MEANS ENDING CURRENCY MANIPULATION"
Preventing currency manipulation should be a key goal in any future free trade agreement. Full article
From Manufacturing & Technology News:
Straight Talk On Currency Misalignment
Americans spend most of their lives in a dollar-denominated world and don't have as much experience with foreign currencies as non-Americans have with dollars. As a result, much of our public discourse on currency issues over many years has been distorted and unproductive. This is an attempt to set forth a few basic truths about the problem and to identify first steps toward a solution. Full article
From U.S.-China Economic and Security Review Commission:
2014 Annual Report to Congress
Manufacturing & Technology News says every American should read this report to Congress and they will have a different perspective of the U.S.-China relationship and the federal government's unwillingness to defend the interests of American companies and their workers. Full article
From the New York Times:
Chinese Textile Mills Are Now Hiring in Places Where Cotton Was King
Twenty-five years ago, Ni Meijuan earned $19 a month working the spinning machines at a vast textile factory in the Chinese city of Hangzhou. Now at the Keer Group's cotton mill in South Carolina, which opened in April, Ms. Ni is training American workers to do the job she used to do. Full article
It was a dark day for the American coal industry
Wednesday was a tough day for the American coal industry. Full article
From the Manufacturing & Technology News:
The Move Out Of The Dollar Has Begun: What Are The Potential Consequences?
The transition of the international financial system based on the dollar to a multi-currency relationship involving the dollar, the euro and Chinese renminbi (RMB) is moving forward faster than most experts predicted. After 70 years of being the world's reserve currency, the move away from the dollar presents important challenges for U.S. policies over the next two to five years. Full article
From Manufacturing & Technology News:
Having Milked American Companies Of IP And Marketing, 'The Chinese Don't Want You Any More'
The Chinese are beginning to tighten the noose around the necks of foreign companies. Full article
For Information on BCBSM health plans, contact
TMTA's endorsed agent, Bill Percha, at 586-904-9700.
an Insurance Package Designed Exclusively for TMTA Members
Harleysville CustomPak bundles together all the right coverages for the specific risks your business faces every day as a manufacturer. You can also add an array of a la carte options to meet your company's specific needs.
In the event of a loss, the right insurance coverage can make the difference between re-establishing your business and closing your doors forever! Make sure you have the right insurance coverage.
Find out how Harleysville & TMTA can protect your company and save you money,
contact TMTA's endorsed property and liability insurance agent,
Jay Poplawski of the Ralph C. Wilson Agency, at 1-800-638-1174.
TMTA encourages you to patronize the companies on our Made In America who manufacture items in the USA. Click on the flag below.
Buying America Back
A Real-Deal Blueprint for Restoring American Prosperity
by: Alan Uke
Buying America Back outlines a plan to turn back the tide with a grass-roots movement to promote American industry by helping American consumers have a better understanding of where their goods (and services) come from.
Accurate disclosure would enable consumers to reward local producers or those with high local-product content. Uke points out that this approach is increasingly popular with food, and prevalent in many other countries.
Determined consumer leadership on this issue, he maintains, could goad Congress into action and prompt corporations to revive domestic production.
"As more products are produced globally, it's not as simple as buying American anymore. Alan clearly walks you through the relationship between where a product is made and how important a fair trade ratio is to the United States. By educating consumers on this, Alan proposes using consumer choice and economic freedom to succeed where the big government programs have failed--moving the economy and producing jobs."--U.S. Rep. Brian Bilbray (R-CA)
Every once in a while, you'll stumble upon a book that significantly changes the way you see the world. This is one of those books...what was most striking about this work is its potential - with no trade restrictions, subsidies, or costly regulations (and almost no cost to businesses or taxpayers!) - to drastically improve the state of the U.S. economy on the scale of tens or hundreds of billion dollars and hundreds of thousands of new jobs annually.