In his speech at the Economic Club of New York, President Trump outlined how he’s going to make America great again and he just made a great announcement that will do just that.
Trump announced, among other benefits, that he will reduce the corporate tax rate to just 15% for companies that only make their products in America.
Watch below:
PRESIDENT TRUMP: “To further support the revival of American manufacturing, my plan calls for expanded R&D tax credits, 100% bonus depreciation, expensing for new manufacturing investments, and a reduction in the corporate tax rate from 21% to 15% solely for companies that MAKE… pic.twitter.com/9V2vv53Vyd
— Trump War Room (@TrumpWarRoom) September 5, 2024
“To further support the revival of American manufacturing, my plan calls for expanded R&D tax credits, 100% bonus depreciation, expensing for new manufacturing investments, and a reduction in the corporate tax rate from 21% to 15% solely for companies that MAKE THEIR PRODUCT IN AMERICA. If you offshore or replace American workers, you are not eligible for these benefits.”
I love this. He will need a Republican Congress to make this happen, but it sounds like a great way to bring manufacturing back to America.
