Welcome!

Recurring Revenue Authors: Ed Featherston, Carmen Gonzalez, Elizabeth White, PagerDuty Blog, Liz McMillan

News Feed Item

The Manufacturing Leadership Council Issues Recommendations to Lawmakers to Avoid the 'Fiscal Cliff'

- The group of 5,000 senior manufacturing executives urges the President and Congress to take action to sustain the nation's economic momentum and safeguard a healthy manufacturing sector

MOUNTAIN VIEW, California, Dec. 11, 2012 /PRNewswire/ -- The Manufacturing Leadership Council (MLC), an organization of senior executives committed to creating a better future for the industry, today urged President Obama and Congressional leaders to avoid the Fiscal Cliff by embracing a series of MLC recommendations that will help ensure economic prosperity in the years ahead.

The manufacturing industry has played a key role in fueling the nation's recovery from the depths of the recent Great Recession—by increasing productivity and innovation, aggressively seeking out emerging markets, and investing in capital equipment and breakthrough technologies. The Fiscal Cliff that now faces the country threatens to undo the gains that U.S. manufacturers have fought for over the past four years. Manufacturers already have seen orders fall, as customers in the U.S. and overseas pull back, due in large part to uncertainty raised by the Fiscal Cliff. As growth slows, manufacturers have had to postpone hiring and capital investments, undermining the nation's economic momentum.

"The Manufacturing Leadership Council is deeply concerned that the impasse in Washington over so-called Fiscal Cliff tax and spending policies could lead to serious economic consequences, including another recession that could damage not only the U.S. economy but the global economy as well, " said David R. Brousell, Vice President and Editorial Director for the MLC. "Given manufacturing's central role in the economy, the MLC is determined to help find a way forward."

Last Thursday, the MLC held a special, open meeting of its members as well as other companies and organizations in the manufacturing industry to discuss and devise recommendations on specific tax and spending policies to avoid the Fiscal Cliff.

The recommendations, which have been sent to President Obama and key members of the Senate and House leadership, are:

* The President and Congressional leaders must negotiate in good faith and with urgency to reach an agreement to avoid the Fiscal Cliff. MLC members favor a comprehensive agreement that addresses entitlement-program cost reductions in a way that sustains these programs over the long term, as well as increased taxes for high-income individuals.

* Policy-makers should look to limit the impact of tax increases on small and mid-sized, family-owned manufacturing companies, which are frequently taxed at individual, rather than corporate tax rates due to their status as S corporations or partnerships.

* Policy-makers should extend the payroll tax cut in order to avoid burdening middle-class families and increasing the likelihood of another recession.

* Policy-makers should increase the bonus depreciation on tangible property and retract the proposed changes to eliminate Safe Harbor for Routine Maintenance. Forcing manufacturers to depreciate these assets over extended periods reduces their incentive to invest in equipment that increases competitiveness and productivity, and reduces the production of large capital equipment.

* Policy-makers should make permanent the Research and Development Tax Credits that are due to expire. These tax credits are the single most-effective element of government's industrial policy, encouraging manufacturers to invest in new technologies that improve productivity and stimulate the economy.

* Policy-makers should avoid reductions in military spending, as such spending supports manufacturing and innovation.

* Policy-makers should allow extended unemployment benefits to expire. This would encourage more qualified workers to seek employment sooner rather than waiting for benefits to run out. However, Council members would welcome extended unemployment benefits in exchange for comprehensive reforms in entitlement spending.

* Specific, scheduled reductions in entitlement spending must be part of the Fiscal Cliff agreement. Policy-makers can no longer defer action on these important reforms, which are needed to reduce government spending and restore confidence in the economy. Among other reforms, policy-makers should consider raising the cap on Social Security withholding, and gradually extending the age for Social Security eligibility.

The MLC encourages other members of the manufacturing community and the nation to raise their voice to help protect the industry's vital role in economic prosperity. For more information, visit www.Manufacturing-Executive.com and www.ManufacturingLeadershipCouncil.com.

About the Manufacturing Leadership Council

The Manufacturing Leadership Council, a unit of Frost & Sullivan, offers an integrated portfolio of leadership networking, information, and professional development products, programs, and services for industrial executives worldwide. The Manufacturing Leadership Council's mission is to help senior executives define and shape a better future for themselves, their organizations, and the industry at large. The Manufacturing Leadership Council's integrated portfolio consists of the Manufacturing Executive website, an online global business network; the Manufacturing Leadership Council, an invitation-only executive organization; the annual Manufacturing Leadership Summit conference; the Manufacturing Leadership 100 Awards program; and the Manufacturing Leadership Journal. For more information, visit http://www.manufacturing-executive.com/index.jspa

Manufacturing Leadership Council members include representatives from companies such as Advanced Micro Devices, AT&T, Baxter Healthcare, Campbell Soup Company, Cisco Systems, Colgate Palmolive, Cummins, Dell, Dow Chemical, DuPont, Eaton, Ford, General Dynamics, Graphicast, Kennametal, Kohler, Lion-Vallen Industries, Lockheed Martin, Oracle, Owens Corning, Procter & Gamble, S&S Hinge Company, Steinwall, Inc., and VirTex Assembly Services.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. 

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.  
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible.  This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.  

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?  

Contact Us:     Start the discussion

Join Us:            Join our community

Subscribe:       Newsletter on "the next big thing" 

Register:        Gain access to visionary innovation

Contact:
Mireya Espinoza
Frost & Sullivan
+1.210.247-3870
[email protected]

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
"What we see what happens when you have a completely networked society and the potential to now drive the value creation and the collaboration and the ecosystems that are possible when you start to be able to connect people and industries together in ways that have never been possible before," explained Esmeralda Swartz, VP of Marketing Enterprise & Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...