The Washington Times

Obama eyes State of the Union momentum to push his $1 billion manufacturing plan in North Carolina

Trying to build momentum on his State of the Union address, President Obama is traveling Wednesday to North Carolina to outline his $1 billion plan to boost U.S. manufacturing.

Mr. Obama will visit Linamar, a Canadian-owned auto-parts factory in Asheville, N.C., to discuss his proposal to create a network of 15 manufacturing “innovation institutes” nationwide.

In addition to his plan that would require congressional approval, the president is taking executive action to launch three of the new institutes as partnerships with businesses, universities and community colleges.

In his annual address to Congress Tuesday night, Mr. Obama emphasized programs that he said will help the middle class, including a $50 billion plan for rebuilding bridges and an ambitious expansion of early-childhood learning services. 

“President Obama is committed to making America a magnet for jobs and manufacturing so we continue to build things the rest of the world buys,” the White House said in a statement Wednesday. “After shedding jobs for more than 10 years, our manufacturers have added about 500,000 over the past three.

“Manufacturing production has grown since the end of the recession at its fastest pace in over a decade. The President’s plan builds on that momentum by investing in American manufacturing,” the White House added.

Mr. Obama also wants to end to tax breaks for companies that ship jobs overseas, make permanent the research and development tax credit and lower the tax rate for manufacturers to 25 percent.

© Copyright 2013 The Washington Times, LLC. Click here for reprint permission.

Comments
blog comments powered by Disqus
You Might Also Like
  • President Obama speaks about national security on May 23, 2013, at the National Defense University at Fort McNair in Washington as CODEPINK founder Medea Benjamin shouted at him from the back of the auditorium. (Associated Press)

    Obama: Al Qaeda is on ‘a path to defeat’; calls for resetting terror policy

  • IRS official Lois Lerner is sworn in on Capitol Hill in Washington on May 22, 2013, before the House Oversight Committee hearing to investigate the extra scrutiny IRS gave to tea party and other conservative groups that applied for tax-exempt status. Lerner told the committee she did nothing wrong and then invoked her constitutional right to not answer lawmakers' questions. (Associated Press)

    Answers on IRS only raise more questions and calls for a special investigation

  • House Speaker John Boehner, Ohio Republican, listens to a reporter's question during a news conference on Capitol Hill in Washington on May 23, 2013. (Associated Press)

    Boehner: House won’t pass Senate immigration bill

  • Celebrities In The News
  • ** FILE ** Amanda Bynes (AP Photo)

    Amanda Bynes: Actress arrested in NYC on marijuana charge

  • Backstreet Boys singer-songwriter Nick Carter has written the memoir "Facing the Music and Living to Talk About It." (AP Photo/Bird Street Books)

    Nick Carter: Backstreet Boy pens memoir

  • Debbie Reynolds: We all knew Liberace was gay

      • Independent voices from the TWT Communities

        What in the World

        In a world that is increasingly complex, we need to seek greater awareness of the blending of cultures and America's changing role in a global community.