America is the largest economy in the world'

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Today
America is the largest economy in the world.
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However
Manufacturing and business face three major
challenges that threaten the American economy.

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Structural Cost
It costs 32 more to manufacture in the United
States than in the countries of nine major
trade partners. NAM, 2006
4
Skills Gap
American students, including those in
Pennsylvania, are not adequately educated to
meet the demands of an increasingly complex and
technical world.
5
Unfair Global Trade
Trade partners are engaged in unfair trade
practices that inflict serious harm to the
American economy.
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This has resulted in the largest mass exodus of
American

• Jobs
• Wealth
• Technology
• Innovation

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If structural costs, the skills gap and unfair
trade are not addressed immediately, experts
predict that
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Approximately 8,500 manufacturing plants in the
United States will close each year due to
offshoring. Ronald R. Pollina, Ph.D., Real
Estate Economist, 2006
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Within 10 years
A further loss of 6 million more American
manufacturing jobs and 14 million white
collar jobs are at risk. Ronald R. Pollina,
Ph.D., Real Estate Economist, 2006
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Within 10 years
China will be the world leader in manufacturing.
India will be the world leader in
technology. Ronald R. Pollina, Ph.D., Real
Estate Economist, 2006
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This change will directly
effect Americas

• Economy
• Standard of Living
• Security

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Is it too late?
Not yet!
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We must take action now by
advocating the following reforms at the state
and national levels
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Education Reform

• Meet and exceed international standards in math,
  science, reading and writing.

• Encourage savings for college, rather than debt,
  by further reducing double taxation on savings
  for education.

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Education Reform

• Change the Pell grant program to ensure that
  grants are used for college-level work. Offer
  Pell grants to high school students to take
  advanced courses.

• Reform and streamline federal education programs
  to promote parental choice in education.

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Tax Reform

• Reduce the tax burden on businesses and
  individuals.

• Make the research and development tax credit
  permanent.

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Tax Reform

• Lower tax rates on corporate capital gains.

• Repeal the corporate alternative minimum tax.

• Eliminate the death tax.

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Health-Care Reform

• Make quality and cost information immediately
  available to patients.

• Provide tax relief to individuals who purchase
  health insurance.

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Health-Care Reform

• Enact small group reform so employers may offer a
  variety of health plans for employees.

• Enact medical liability reform that eliminates
  frivolous and abusive lawsuits.

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Legal Reform

• Impose federal time limits on product liability
  lawsuits to discourage frivolous and abusive
  lawsuits.

• Eliminate joint and several liability.

• Allow companies and individuals to recover legal
  costs.

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Regulatory Reform
Reduce regulatory costs through sound science
requirements and economic analysis.
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Energy Reform

• Increase the generation of power through clean
  coal, nuclear and renewable sources.

• Promote the expansion and development of
  alternative fuels.

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Energy Reform
Expand the domestic supply of reliable, low-cost,
domestic oil and natural gas through exploration
and new methods of production.
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Unfair Global Trade Reform
Change U.S. export controls to promote both
national security and economic competitiveness.
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Unfair Global Trade Reform

• Require all trading partners to implement or
  maintain market-based currency policies.

• Enforce trade and compliance rules.

Impose sanctions against violators.
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A great civilization is not conquered from
without until it has destroyed itself from
within. Ariel Dante
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