Congressman Ted Deutch believes that overcoming our economic challenges will require bold action and innovative solutions. Below are some proposals he supports within the Democrats' "Make it in America" agenda, which aims to create the conditions American businesses need to produce goods here, innovate here, and create jobs here. It includes many of the wise investments necessary for America to out-educate, out-innovate, and out-build its international competitors.
INVESTING IN INFRASTRUCTURE AND SUPPORTING THE FLOW OF COMMERCE.
- Extend the Build America Bonds program: Provides additional funding for the Recovery Zone bonds program, and makes improvements to existing bond and credit programs to help states and local governments leverage private capital to create jobs today and build the infrastructure that is the backbone of future economic growth.
- National Infrastructure Development Bank Act: Establishes a wholly-owned government corporation to facilitate efficient investments in and financing of infrastructure projects—from leading-edge broadband networks and energy delivery systems to modern ports—that foster economic development and keep America competitive.
KEEPING AMERICA COMPETITIVE.
- Permanent R&D Tax Credit: Make permanent and expand the Research and Development Tax Credit so research investments can draw capital that create tomorrow’s jobs.
- Patent Reform: Improve the patent system to provide incentives for companies to continue innovating and manufacturing in the U.S.
- Rare Earths Materials: Three bills have been introduced on this important issue to support the assessment and development of U.S. capacity in rare earth minerals critical to the manufacture of energy and other technologies.
SUPPORTING SMALL BUSINESSES.
- Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs: Ensure that the nation’s small, high-tech, and innovative businesses are a significant part of the federal government’s research and development efforts.
- The Innovative Technologies Investment Incentives Act: Accelerates innovation by providing a 25% tax credit for qualified equity investments in eligible high technology and biotechnology small businesses.
- Small Business Start-up Savings Accounts: Establishes tax-preferred savings accounts for small business start-up savings accounts.
- Make It in America Block Grant Act: Establishes a grant program at the Commerce Department to provide small to medium-sized businesses in communities hardest hit by unemployment with the resources and strategies they need to retool and retrofit their operations and train their workforce in order to transition to the manufacturing of clean energy, high-technology, and advanced products.
CLEAN ENERGY JOBS.
- Clean Energy Technology Manufacturing and Export Assistance Act: Establishes a Clean Energy Technology Manufacturing and Export Assistance Fund, to be administered through the International Trade Administration, to ensure that U.S. clean energy technology firms have the information and assistance they need to be competitive and to create clean energy technology sector jobs.
- Security in Energy and Manufacturing (SEAM) Act: This program, initially created in the Recovery Act, invested $2.3 billion in tax credits for advanced energy manufacturing facilities generating more than 17,000 jobs and incentivizing an additional $5.4 billion in private-sector investment.
INNOVATIVE EDUCATION POLICY
- Workforce Investment Act: Our economy is only as strong as the people who work to grow it. The American workforce investment system is supported by a partnership of educators, workforce development professionals and the business community who work together to ensure the vitality of local economies. A robust reauthorization of WIA will ensure that workers who seek opportunities in a new field or new opportunities within their own field have the support they need.
- American Manufacturing Efficiency & Retraining Investment Collaboration (AMERICA Works) Act: Strengthens our workforce by helping American workers earn certifications, degrees, and qualifications for the jobs American industry needs to fill.
- Strengthening Employment Clusters to Organize Regional Success (SECTORS) Act: Forms partnerships between businesses, unions, and educators to train workers for some of the most needed 21st Century jobs.
MAKE IT IN AMERICA: ENACTED LAWS
In 2010, President Obama signed the following Make It In America bills into law:
U.S. Manufacturing Enhancement Act: Makes it cheaper for American companies to obtain the materials they need to manufacture goods. [Public Law 111-227]
Protecting American Patents: Helps the Patent Office to begin to unclog the backlog—totaling about 1.2 million pending applications—by giving the agency access to more of the fees it collects so that patent applications can continue to be processed and innovative ideas can continue to move to market. [Public Law 111-224]
Preventing Outsourcing: Prevents the outsourcing of U.S. jobs by closing tax loopholes that encourage companies to send U.S. jobs overseas. [Public Law 111-226]
Small Business Jobs Act: Expands much needed lending to millions of small businesses and offers tax incentives to help small businesses grow, hire, and fuel our economy, without adding a dime to the deficit. [Public Law 111-240]
Energy Jobs and Training for Veterans Act: Provides grants for programs to provide on-the-job training, apprenticeship, real experience, and long-term employment in all energy fields. [Public Law 111-275]
America COMPETES Reauthorization Act: Establishes innovative technology federal loan guarantees for small- and medium-sized manufacturers and invests in science, technology, engineering, and math education. [Public Law 111-358]