“Our manufacturers must innovate to remain competitive in global markets. In 2024, U.S. manufacturing firms invested hundreds of billions of dollars in R&D. Immediate expensing allows firms to reinvest their tax savings directly into new machinery, software and human capital. The National Association of Manufacturers estimates that this provision could provide $284 billion in economic growth in the next four years.”
“To further combat offshoring, the One Big Beautiful Bill Act includes a provision to offer 100% immediate expensing for new factories and improvements to existing U.S.-based factories. In conjunction with Mr. Trump’s reduction of regulatory red tape, this provision will start an American manufacturing renaissance. Since Mr. Trump took office, companies such as Anheuser-Busch, General Motors and TSMC have announced plans to invest heavily in American manufacturing.”
https://www.washingtontimes.com/news/2025/jun/26/trumps-one-big-beautiful-bill-act-revives-american-manufacturing/
In Album: ANN KENEVAN's Timeline Photos
Dimension:
768 x 1238
File Size:
118.5 Kb
Like (2)
Loading...
Derby Marie
Just like America NEEDS to diversify, instead of asking how and what it will entail, the government just does it for us.