Make. An American Manufacturing Movement

In this global, consumer-oriented and knowledge-intensive economy, the competitiveness of U.S. manufacturing has never been more uncertain or important – nor have policy prescriptions been more contentious. All Americans would benefit from getting this right. A new era of manufacturing excellence offers hope for good jobs, new innovations and a higher standard of living. America would benefit from faster economic growth, a more secure industrial and defense base, and an ability to produce solutions to national challenges in energy, health and environment.

Link to full report.

Fall 2011 Statistics of Income Bulletin

The Internal Revenue Service announced availability of the fall 2011 issue of the Statistics of Income Bulletin, which features data for 140.5 million individual income tax returns filed for tax year 2009. Adjusted gross income (AGI) reported on these returns totaled $7.6 trillion.

The Statistics of Income (SOI) Division produces the SOI Bulletin on a quarterly basis. Articles included in the publication provide the most recent data available from various tax and information returns filed by U.S. taxpayers. This issue of the SOI Bulletin also includes articles on the following:

• Partnership returns. For tax year 2009, more than 3 million partnerships filed federal tax returns, reporting $18.8 trillion in total assets and almost $410 billion in total net income.
• Municipal bonds. The majority of municipal bonds were tax-exempt governmental bonds, of which there were 22,000 issued in 2009, raising $340.7 billion in proceeds for public projects, such as schools, transportation infrastructure and utilities.
• Charities, Social Clubs, and Other Tax-Exempt Organizations. For 2008, nonprofit charitable organizations, excluding private foundations, reported $2.5 trillion in total assets and $1.4 trillion in revenue.

Full report here.