;#Faculty News;# | HBS Alumni Bulletin | 01 Jun 2012
What Industrial Policy?
by Gary Pisano
Following up on his pledge to provide greater support for manufacturing, President Obama has announced a proposal to cut the effective tax rate for manufacturers to 25 percent. 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.

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