Working Families Tax Cuts Fuel American Manufacturing

Washington, D.C.—The Working Families Tax Cuts, driven in the U.S. Senate by Finance Committee Chairman Mike Crapo (R-Idaho), power American reindustrialization through key provisions like immediate research and development expensing, full expensing for new capital investments and full expensing for the construction of new factories. According to areportby the Tax Foundation, these changes are “increasing long-run investment and economic growth” and are giving the manufacturing industry more tax relief than any other industry.
“American companies can feel confident making major investments in new production facilities and other infrastructure now that we have instituted the permanent, pro-growth provisions of the Working Families Tax Cuts,”said Crapo. “Manufacturers are already responding accordingly, fueling America’s economic boom and creating good-paying jobs in their communities.”
Key wins:
Since the bill became law, companies all over the country have expanded or announced construction of new factories:
ClickHEREto see how the Working Families Tax Cuts make investments in American industry.
ClickHEREto learn more about the Finance Committee provisions in the Working Families Tax Cuts.
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