Manufacturers’ ability to create jobs in the United States, invest in communities and compete in the global economy is threatened by recent tax policy changes that make it more costly to perform research, buy machinery and finance capital investments.
Last December, President Trump signed the Tax Cuts and Jobs Act into law. The largest shake-up to the federal tax code in more than 30 years, the law includes myriad changes that will benefit manufacturers.
WASHINGTON--Automakers are scrambling to defend the electric vehicle tax credit after House Republicans last week proposed eliminating it to help pay for their broader package of tax cuts.Lobbyists here quickly huddled to figure out how to save the tax credit, which the industry views as critical to promoting commercial adoption of electric vehicle technology.
In a strange twist to what has already been a strange and tumultuous presidential campaign season, leading Democratic can-didate Hillary Clinton and leading Republican candidate Donald Trump actually agree on an issue. Sort of.
Earlier this year, heavy equipment manufacturer Caterpillar Inc. chose Athens, GA, as the site for a new factory to assemble small tractors and excavators. The company will be reshoring some 1,400 jobs to the new facility from an existing plant in Japan.
