Trump Promises 15% Corporate Tax Rate for U.S. Manufacturing; Prices Will Come Down

Dec 12, 2024, 02:23 PM

In a recent announcement, President-elect Donald Trump stated that his administration aims to reduce corporate taxes to 15%, contingent upon companies manufacturing their products in the United States. Trump emphasized the intention to provide significant incentives for domestic production, claiming that this tax cut would be unparalleled compared to other countries. He reiterated his commitment to making America more affordable, asserting that prices across various sectors, including insurance, will decrease rapidly once he takes office. This announcement aligns with his broader economic strategy to stimulate domestic manufacturing and drive down costs for consumers.