- Posted October 13, 2012 by
This iReport is part of an assignment:
Questions for Candy Crowley
How will American manufacturing return to the US?
1 manufacturing facility with 500 employees from senior management to maintenance can contribute $10,000 per hour ($87.6 million per year) to a local economy. This puts small businesses in a position to expand, new businesses to start and grow, local services like firefighters, police, libraries, schools are funded with local tax-dollars without increasing local or state taxes or getting more federal help by taxing the middle-class and small businesses.
With that said, since the 1990s US non-food consumer product manufacturers have received free trade agreements with 20 countries, trillions of dollars in tax breaks, loopholes and subsidies to relocate offshore. Over 5 million Americans have lost their jobs because of these FTA’s and financial incentives.
What will you do to increase the manufacturing of non-food consumer products in America?