American MadeHero! Michael Wessel
President of The Wessel Group
Commissioner on the
US-China Economic security
Review Commission
Speaking truth to power!
Americans saying thank you!
Michael Wessel ...
selected as an American Made Hero!
Commissioner on the US-China Economic security Review Commission
President of The Wessel Group
In 1999 Michael was appointed by Congress to serve as a Commissioner on the U.S. Trade Deficit Review Commission which issued its report in 2000.
Immediately thereafter he was once again asked to share his knowledge and expertise on trade and international affairs through his appointment by Congress
to serve as a Commissioner on the U.S.-China Economic and Security Review Commission, a position he was reappointed to by Speaker Nancy Pelosi for a term
expiring on December 31, 2010.
The Commission was created to monitor, investigate, and submit to Congress annual classified and unclassified reports on
the national security implications of the bilateral trade and economic relationship between the United States and the People ’s Republic of China.
Mr. Wessel is a national leader aggressively advocating in support of America's domestic
manufacturers
.
For his long career as a highly respected and effective advocate we applaud him for his efforts and welcome him as a member of
American Made Heroes.
Part 1
Part 2
Testimony before the House Committee on Oversight and Reform Subcommittee on National Security and Foreign Affairs on Made in the USA: Manufacturing Policy
Globally, labor costs are skewed because offshore employers for the most part do not pay the high costs of workers' health care as in the United States. And U.S. corporations are rewarded through a provision in the tax laws that allows them for one year to bring profits earned abroad back into the United States where they are taxed at a mere 5.25 percent as opposed to the usual 35 percent. A more recent concern has been currency manipulation by countries like China to make the trade gap appear less severe.
Alexander Hamilton
"Not only the wealth, but the independence and security of a country, appear
to be materially connected with the prosperity of manufacturers. Every nation ... ought to endeavor to possess within
itself all the essentials of a national supply. They comprise the means of subsistence, habitation, clothing and
defense ... The expediency of encouraging manufactures in the United States, which was not long since deemed very
questionable, appears at this time to be pretty generally admitted."
