economy
This Tax Day, Manufacturers Are Open for Business Like Never Before
This Tax Day, America’s manufacturers aren’t looking backward — they’re building for the future. Across the country, manufacturers and the communities they serve are seeing the impact of a competitive tax code designed to incentivize investment, growth, and hard work.
TL;DR
- Competitive tax policies are encouraging investment and growth in American manufacturing.
- The Tax Cuts and Jobs Act of 2017 and Working Families Tax Cuts have enabled companies to expand, innovate, and hire.
- Examples include Ultra Machining Company doubling its footprint, Ketchie investing in new equipment, and Vermeer Corporation building a new facility.
- Pro-growth tax policy is linked to significant investments by companies like Johnson & Johnson and Brunswick.
- Eliminating tax on overtime rewards workers and helps manufacturers meet demand, especially in defense-related industries.
- Manufacturing growth is framed as essential for national security and maintaining global competitiveness.
- Recommitting to policies that reduce the cost of doing business will ensure America remains a leader in manufacturing and job creation.