Deluzio Launches Build America Plan to Reindustrialize America
New, Three-Part Plan Focused on Winning the Future Through American Manufacturing
WASHINGTON, D.C. — Today, Pennsylvania Congressman Chris Deluzio (D-PA-17) announced his new Build America Plan to reindustrialize America and grow solid manufacturing jobs. Congressman Deluzio’s plan rejects the era of half-measures and piecemeal tax credits. Instead, it lays out a real industrial strategy to rebuild American manufacturing, invest in skilled workers, and make foreign polluters pay instead of letting them undercut cleaner, American-made products. Congressman Deluzio also released a video highlighting his Build America Plan.
This industrial policy plan follows the Trump Administration’s announcement of additional tariffs on trade partners, including Canada, and analysis showing that the last six years of President Trump’s signature United States Canada Mexico Trade Agreement (USMCA) saw a net loss in United States manufacturing jobs and failed to rebalance our North American trade deficit. This economic approach is failing. Congressman Deluzio believes it is time for America to build big things again—and that means investing in a strong 21st century industrial policy that can herald in a new era of booming American manufacturing.
"Today I’m proud to announce my Build America Plan—a bold vision to reindustrialize our country,” said Congressman Deluzio. “For too long, we’ve seen factories close, job shipped overseas, and entire American communities hollowed out alongside rising costs. The United States used to be the manufacturing powerhouse of the world—and I think it can be again if we stop letting our economic foes undercut us, fighting fire with fire, and make real investments in our workers. I want the next generation to know and inherit an America that builds and creates amazing things.”
- This bill creates a Manufacturing Sovereign Wealth Fund.to make direct investments and take equity stake in American manufacturing companies to bolster domestic manufacturing
- This would allow the nation to keep up with our global economic competitors that subsidize their domestic industry
- Extends direct benefit to all Americans through the Build America Dividend: an annual dividend paid out from the revenue raised in the Fund’s investments
- Brings the trades back into the classroom by tying federal dollars to career and technical education
- Expands opportunities for America’s young people beyond four-year college programs
- Puts a fee on foreign polluters flooding our markets with their high-emission products and dirtying our air and waters
- Specifies which goods are subject to this fee
- Includes an incentive structure for domestic manufacturing
- Reinforces the ideal that when the U.S. builds, we do it better and cleaner than anywhere else
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