;#Faculty News;# | HBR Blogs | 05
It's Manufacturing's Turn for Special Treatment
by Gary Pisano
Following up on his pledge to provide greater support for manufacturing in his State of the Union address, President Obama has announced a proposal to cut the effective tax rate for manufacturers to 25%. A number of economists howled against this so-called "industrial policy" and criticized the president's singling out manufacturing for "special treatment" — something they say no industry should get.