Politics. On Point.

From the White House press office. The sixth of nine new manufacturing institutes brings $610 million in public-private investment to next-generation photonics manufacturing, fostering American manufacturing innovation to transform digital communications and high-performance computing Vice President Biden will announce today that the Research Foundation for the State University of New York (RF SUNY) will lead a new Manufacturing Innovation Institute to secure U.S. leadership in manufacturing integrated photonics. These emerging technologies have the potential to transform many industries—from creating “needleless” tests for medical conditions like diabetes, to increasing the carrying capacity of broadband communications ten times over. The Manufacturing Innovation Institute for Integrated Photonics is the sixth of nine such public-private partnerships to boost advanced manufacturing, foster American innovation, and attract and create jobs that strengthen the middle cla...

Continuing his administration's efforts to increase jobs and grow the economy, President Obama has set a new precedent designed to do away with tax breaks to companies that ship jobs overseas. In a statement today, President Obama called the current tax system outdated and unfair, and vows to eliminate tax loop holes. His full remarks are below. "In my State of the Union, I laid out a blueprint for an economy that’s built to last -- where everyone gets a fair shot, everyone pays their fair share, and everyone plays by the same set of rules.  That includes a tax code that rewards companies who invest and create jobs in the United States of America.  Our current corporate tax system is outdated, unfair, and inefficient.   It provides tax breaks for moving jobs and profits overseas and hits companies that choose to stay in America with one of the highest tax rates in the world.  It is unnecessarily complicated and forces America’s small businesses to spend ...

The White House is reporting that today President Obama announced that Secretary John Bryson would join National Economic Council Director Gene Sperling as co-chair of the White House Office of Manufacturing Policy.  The Office of Manufacturing Policy is part of the National Economic Council in the White House and works across federal government agencies to coordinate the execution of manufacturing programs and the development of manufacturing policy. “At this make or break time for the middle class and our economy, we need a strong manufacturing sector that will put Americans back to work making products stamped with three proud words: Made in America,” said President Obama.  “I am grateful that Secretary Bryson and Gene Sperling will head up this office to continue our efforts to revitalize this great American industry and fight for American workers and jobs.” “John Bryson brings to this role decades of business leadership, a passion for manufacturing, and a strong unders...