Trump announces lower corporate tax rate for companies who make products in America

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:

“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.

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By Melinda Davies
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