The Buy American Act requires federal agencies to procure domestic iron, steel, and other materials and products for federal projects like airports, roads, and bridges. That’s good policy for at least three reasons.
Buy American federal procurement rules provide good manufacturing jobs at good wages, propelling more workers into middle-class prosperity.
In addition, about 20 cents of every Buy American dollar tends to come back to the United States Treasury in the form of taxes paid by corporations and workers earning profits and wages on Buy American projects, and state and local governments benefitting from more sales tax revenues.
Perhaps most importantly, Buy American helps strengthen our manufacturing and defense industrial base in the interests of both economic and national security.
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