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

The Manufacturing Leadership Council Issues Recommendations to Lawmakers to Avoid the 'Fiscal Cliff' PR Newswire MOUNTAIN VIEW, California, Dec. 11, 2012 - 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.