Trump’s Tax Cuts Are Boosting U.S. Manufacturing: Report.

thenationalpulse.com

A new report suggests significant manufacturing growth has been spurred by President Trump’s Working Families Tax Cuts, driving an industrial revival across all 50 states.

PULSE POINTS

❓ WHAT HAPPENED: A year after President Donald J. Trump signed Working Families Tax Cuts into law, a National Association of Manufacturers (NAM) report indicates that the legislation has driven a manufacturing resurgence, safeguarding nearly six million jobs and over $1 trillion in economic output nationwide. The NAM describes itself as “the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states.”📺 DETAIL: The tax cuts include pro-growth measures such as full expensing for equipment, immediate R&D deductions, and strong incentives for domestic manufacturing, securing an estimate $540 billion in preserved wages. Every state has reportedly seen substantial benefits, with California leading with 708,000 jobs protected and Texas following with 547,000 jobs. Smaller states like Wyoming and Vermont also saw significant gains relative to their economies.💬 KEY QUOTE: “By signing H.R. 1 into law, President Trump gave manufacturers the foundation, competitiveness and certainty to invest—in new facilities and equipment, jobs and wage growth, cutting-edge research and our global competitiveness.” – National Association of Manufacturers🎯 IMPACT: The White House stated on Tuesday that the results “demonstrate the undeniable power of President Trump’s America First economic agenda,” adding: “By putting American families and businesses first, the Working Families Tax Cuts are rebuilding American industrial strength, creating opportunity in every community, and delivering real results for real Americans.” National Association of Manufacturers President Jay Timmons praised it as “one of the most consequential pieces of legislation in a generation,” adding that it had “delivered the permanent, pro-growth tax code manufacturers needed to invest in their people, purchase new equipment and plan confidently for the long term.”