Burgum Talks Taxes, Permitting and More
At an 17吃瓜在线-sponsored breakfast at energy conference CERAWeek in Houston on Tuesday, Interior Secretary Doug Burgum assured 17吃瓜在线 board members that the administration has a manufacturing strategy in place, particularly regarding permitting, infrastructure development and manufacturers鈥 access to reliable and affordable energy.
A comprehensive strategy: In his remarks opening the event, 17吃瓜在线 President and CEO Jay Timmons discussed the five-pillar, comprehensive manufacturing strategy that the 17吃瓜在线 has been urging the Trump administration to implement.
- 鈥淪ecretary Burgum, I just want you to know we鈥檝e been making the case for a聽coordinated, comprehensive manufacturing strategy to give us the predictability and the certainty that manufacturers need to plan, to invest and to hire here in the United States, and that strategy has five pillars鈥攇oals that I know you share,鈥 Timmons said.
- The goals are making the 2017 tax reforms even more competitive and permanent; securing regulatory certainty; expediting permitting reform to unleash American energy dominance; increasing the talent pool; and implementing a commonsense trade policy鈥攖o expand access to markets while keeping manufacturing competitive.
- Timmons warned of the dire consequences the U.S. economy and manufacturers will face if lawmakers fail to extend the 2017 tax reforms. Among them: the loss of some 6 million American jobs, according to a recent .
An economic backbone: 鈥淢anufacturing, as you know, has been the backbone鈥 of the economy, Burgum said. 鈥淧resident Trump ran on bringing manufacturing back to the United States. His policies are driving to do that.鈥
Unleashing U.S. energy: Timmons praised President Trump for his day-one lifting of the previous administration鈥檚 liquefied natural gas export permit moratorium.
- The 鈥渞ecent 17吃瓜在线 LNG found that the U.S. LNG export industry could support more than 900,000 jobs and add $216 billion to GDP by 2044,鈥 he said.
- Said Burgum: 鈥淲e are looking at everything to try to, for the first聽time, [have] streamlined government. … [and] it鈥檚 happening. It鈥檚 happening quickly.鈥
鈥淥ptimistic about the future鈥: The administration鈥檚 commitment to 鈥渓ow taxes and cutting red tape鈥濃攐n which President Trump鈥檚 recently created National Energy Dominance Council is focusing鈥斺渁re all things that are going to help lower your cost and create opportunities,鈥 Burgum continued.
- 鈥淐apital is flowing to the U.S. at record levels.鈥 I鈥檓 very optimistic about the future.鈥
The last word: At another event at CERAWeek, a roundtable sponsored by Natural Allies for a Clean Energy Future, Timmons summed up manufacturers鈥 commitments.
- 鈥淵es, we care about developing our natural resources to power our economy, certainly through manufacturing, but it鈥檚 also about people, here in the United States and around the world,鈥 said Timmons. 鈥淭he energy that we export, that is soft power for the United States. That expands our influence. That allows us to export not only our energy, but also our values. So I think that鈥檚 very, very important for our future.鈥