President Trump and Congress promised to pass tax reform by year’s end, and they delivered. Now manufacturers will deliver as well. With our new and internationally competitive tax code, manufacturers will hire more workers, create more well-paying jobs, invest in our communities and put more money in the pockets of manufacturing workers.
The driving purpose behind tax reform was to create more opportunities for more Americans and to benefit manufacturing workers and their families directly. President Trump called tax reform "rocket fuel” for the economy, and manufacturers strongly agreed.
We’ve been given the fuel. Now we will put it to work.
This is a historic moment for the United States. It had been 31 years since Congress passed meaningful tax reform. And over those decades, America’s competitiveness waned. Other countries figured out they could win our jobs and take our wealth by lowering their tax rates and reforming their tax codes—and, in turn, attract more business to their shores.