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Major Public Policy Issues on the NAM Agenda
Intense global competition prevents U.S. manufacturers from raising prices. Yet external costs continue to rise. Government must act to reduce these external costs:
* Taxes: U.S. corporate taxes are among the highest in the world, and companies also pay taxes on their worldwide operations. Reform is needed to promote job creation, innovation and investment.
* Litigation: Legal reform is urgently needed because the rising cost of litigation is driving American competitiveness in the wrong direction.
* Regulations: The burden from regulations has gotten out of hand. U.S. manufacturers spend $160 billion every year to comply with local, state and federal regulations, yet the regulations often aren’t backed by cost-benefit analysis or risk assessment.
* Energy: More reliable and affordable energy is needed, and the price and availability of natural gas has been a major drag on manufacturing in recent years.
* Trade Policy: The international playing field must be level to ensure that trade is both free and fair. World markets must remain open to American-produced goods, and other countries must stop manipulating their currency values to gain unfair pricing advantage.