Dow Chemical Co. CEO Andrew Liveris issued a call to action to Hub business and political leaders yesterday, challenging them to keep America’s economy strong by retaining U.S. manufacturing jobs.
“Today I believe the American economy is under siege . . . and the greatest threats to the United States and its world leadership are internal,” said Liveris, adding that the manufacturing sector where workers are “making stuff” is crucial to innovation and a strong economy.
Speaking at a Boston College Chief Executives’ Club luncheon, Liveris said corporate taxes, government overregulation, high energy prices, an expensive tort system and costly pension and health-care mandates make it hard for companies to do business in the United States.
Dow Chemical recently decided to build a plant in Germany because it was more cost-efficient than building it in Texas, he said.
Calling for reform, Liveris, a native Australian, said: “America matters to the world much more than Americans think.”
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