26 September 2012 16:04 [Source: ICIS news]
CAMBRIDGE, Maryland (ICIS)--The upcoming US national elections could have profound impact on the nation’s economy and industry for decades, a top manufacturing official said on Wednesday as he urged chemicals sector employers to work to influence the election outcome.
Jay Timmons, president of the National Association of Manufacturers (NAM), told a specialty chemicals conference that “elections matter”. He said that a second term for President Barack Obama result in more regulations.
He singled out the Environmental Protection Agency (EPA).
He argued that too often regulations issued by the EPA and other federal agencies “are not based on science but on theory”.
Timmons said that the regulatory burden facing US manufacturers aggravates a competitive disadvantage for American producers.
“It is 20% more costly for manufacturers to do business in the
“Investors and manufacturers look at those disincentives, the highest corporate tax rate in the world, the regulatory burdens, and those things influence their decisions on where to invest,” he said.
Speaking to about 90 chemicals sector executives at the SOCMA Leadership Conference, Timmons urged them to “get your employees to engage with members of Congress and invite members of Congress to visit your plants”.
Sponsored by the Society of Chemical Manufacturers and Affiliates (SOCMA), the two-day Leadership Conference opened on Wednesday and concludes on Thursday.
The National Association of Manufacturers represents some 12,000
Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy
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