| In response to the latest manufacturing jobs report, DNC National Press Secretary Emilia Rowland released the following statement:
“Vice President Harris’ plan to invest in American workers, innovation and manufacturing could not stand in starker contrast with Trump’s failed record that resulted in plants closed, jobs lost, and promises to workers broken at every turn. Trump’s second-term Project 2025 agenda incentivizes even more companies to ship jobs overseas, and he’s been clear that he would repeal the Biden-Harris Inflation Reduction Act – which is already helping create thousands of jobs. Trump would take us backwards at a moment when manufacturing jobs now exceed pre-pandemic levels. Americans rejected Trump after he sold out workers and left American manufacturing in the dust, and they’ll reject him again at the polls this November.”
Manufacturing jobs have surpassed pre-pandemic levels under the leadership of the Biden-Harris administration and their investments in the Inflation Reduction Act, Infrastructure Investment and Jobs Act, and CHIPS and Science Act.
Axios: “Manufacturing jobs now exceed pre-pandemic levels”
“It’s the first time since the 1970s that the manufacturing industry has recovered all the jobs lost during a recession, per an analysis of government data out Tuesday from the Economic Innovation Group, a centrist think tank […]
“‘If we look at population numbers or just total job growth, most of these places in the Sun Belt are just kind of hotbeds for where people are moving to and where companies are adding jobs,’ says August Benzow, research lead at EIG.
“Transportation and food accounted for much of the growth. Another bright spot was computer and electronics, spurred on by the Biden administration’s efforts to bolster domestic chip making.”
A New Way Forward: “Vice President Harris worked with President Biden and Congress to pass the most monumental set of investments in American manufacturing in generations. Collectively, the Bipartisan Infrastructure Law, the CHIPS and Science Act, the Inflation Reduction Act, and the American Rescue Plan have catalyzed more than $900 billion of investments in manufacturing and related sectors. These investments span the full range of American industry, from automobile assembly lines, to broadband infrastructure, to semiconductors and clean energy technology.”
Center for American Progress: “The IIJA, CHIPS, and IRA build out the country’s competitiveness in several key manufacturing sectors—including semiconductors, clean energy, electric vehicles (EVs), and parts and products necessary to meet the demand for building new and improved road, water, and digital infrastructure. One group of researchers estimates that over the implementation period, the laws will create 230,000 manufacturing jobs annually in the United States that are supported directly by new investments.”
[…]
“The Semiconductor Industry Association estimated that CHIPS’ $39 billion in incentives had spurred another $450 billion in private investments across 90 projects as of August 2024, creating an estimated 58,000 jobs.”
Vice President Harris will continue to build on this momentum by spurring an Opportunity Economy that would chart a New Way Forward, driving job creation and economic growth.
A New Way Forward: “[Vice President Harris and Governor Walz] will create an America Forward strategy to jumpstart a new era in American industry, by developing, manufacturing, and deploying technologies and manufacturing them at scale. This strategy will focus both on clean iron and steel—modernizing a traditional area of American strength—and emerging technologies essential for future American competitiveness including biomanufacturing, AI, aerospace, data centers, and clean energy. Their strategy includes both investing in merging technologies and modernizing traditional industries. It will also encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”
“Their transformational America Forward tax credit will be targeted at investment and job creation in key strategic industries. It will be structured as tax credits that prioritize doing right by American workers, protecting the right to organize and supporting investments that take place in longstanding manufacturing, farming, and energy communities.”
Axios: “Over 400 economists and policy experts said in an open letter endorsing Harris on Tuesday that she ‘worked on behalf of American families to lower costs, cut taxes, raise wages, and promote worker organizing.’
“They added that ‘Trump’s proposed policies risk reigniting inflation’ and threaten the ‘global standing and domestic economic stability’ of the U.S.”
Trump’s MAGA tax scam created new incentives for companies to ship jobs overseas — closing plants, costing workers and communities jobs, and breaking his promises to manufacturing workers.
Trump incentivized companies to ship jobs overseas and close plants.
Bloomberg: “The Offshoring of U.S. Jobs Increased on Trump’s Watch”
Reuters: “How offshoring rolled along under Trump, who vowed to stop it”
The Guardian: “‘He pulled the wool over our eyes’: workers blame Trump for moving jobs overseas” […] “Promises to save US manufacturing and prevent American jobs moving abroad were a key part of Donald Trump’s 2016 campaign. But since Trump took office in January 2017, nearly 200,000 jobs have been moved overseas, based on Trade Adjustment Assistance certified petitions.”
Politico: “Trump hails ‘manufacturing miracle’ as factories bleed jobs”
Trump claimed he created more than 1.2 million manufacturing and construction jobs, but the U.S. actually lost hundreds of thousands of manufacturing jobs under his watch.
Politico: “Trump’s anti-trade agenda and a pandemic-induced recession have combined to shutter factories and accelerate decades-old trends toward automation, eliminating hundreds of thousands of manufacturing jobs, many for good”
Politico: “Asked for comment, a Trump spokesperson sent a long list of the former president’s economic accomplishments, saying his policies ‘created more than 1.2 million manufacturing and construction jobs’ and helped ‘bring back supply chains from overseas.’”
Trump broke his promises to American workers.
Detroit Free Press: “And in March 2017, he praised General Motors when he flew to Detroit to highlight the importance of American manufacturing. That same day, GM announced plans for 900 new or retained jobs in Michigan within 12 months. This week, GM confirmed a net loss of 3,500 hourly manufacturing jobs in 2017.”
Washington Post: “Trump promised this Wisconsin town a manufacturing boom. It never arrived.”
Wall Street Journal: “President Trump’s trade war against China didn’t achieve the central objective of reversing a U.S. decline in manufacturing, economic data show, despite tariffs on hundreds of billions of dollars of Chinese goods to discourage imports.”
Trump didn’t just wreak havoc on the manufacturing industry — he left office with the worst jobs record of any president in modern American history.
Yahoo Finance: “Trump to leave office with the worst jobs record since Herbert Hoover”
Trump’s Project 2025 agenda would send good-paying manufacturing jobs overseas by repealing the Biden-Harris administration’s Inflation Reduction Act.
Renewable Energy World: “Over 100,000 manufacturing jobs announced since Inflation Reduction Act passed”
White House Fact Sheet: “Two years in, the Inflation Reduction Act is lowering costs for millions of Americans, tackling the climate crisis, and creating jobs.”
“Since the beginning of the Biden-Harris Administration, companies have announced $900 billion in clean energy and manufacturing investments in the US, including over $265 billion in clean energy investments since the Inflation Reduction Act was signed into law. These investments are creating over 330,000 new jobs in the United States according to an outside group.”
TaxNotes: “I’ll Scrap IRA Tax Credits on Day 1, Trump Says”
Financial Times: “Donald Trump would gut Joe Biden’s landmark IRA climate law if elected”
Center for American Progress: “On page 696, Project 2025 calls for the ‘next Administration [to] push for legislation to fully repeal … the dozens of credits and tax breaks for green energy companies in Subtitle D of the Inflation Reduction Act.”
Center for American Progress: “Project 2025’s plans for climate and energy—not even counting the effects of the plans for health care, education, and more—would cause 750,000 direct job losses in 2030, according to Energy Innovation.”
Politico: “Vance has said that he would like to get rid of much of the Inflation Reduction Act.”
Business Insider: “Project 2025 and the elimination of the Inflation Reduction Act have been championed by several conservative organizations, all led by the Heritage Foundation, a major conservative think tank.”
Vance: “I think there’s a lot of bad policy in [the IRA]. … And I’d like to see a lot of it gotten rid of.” |
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