Industry reports and economic analyses

Trump Promises Lowest Taxes and Energy Costs for U.S. Companies Committing to Domestic Production Starting January, Aiming for Michigan's Resurgence

Oct 19, 2024, 12:53 AM

Former President Donald Trump outlined a new economic policy aimed at revitalizing American manufacturing during a recent speech. He emphasized that companies will receive the lowest taxes, energy costs, and regulatory burdens, but only if they produce goods in the United States and hire American workers. Trump stated, "We will give our companies the lowest taxes, the lowest energy costs, the lowest regulatory burdens, and free access to the best and biggest market on the planet." He also declared his commitment to protecting American jobs, asserting, "I will protect our workers, our jobs, our borders, and our families." Trump characterized his approach as a defense of U.S. jobs, acknowledging that some may label him a protectionist. He expressed optimism about the resurgence of manufacturing in Michigan, stating, "Our flag will fly proudly once more over gleaming new factories, and the whole world will witness Michigan’s resurgence." These remarks reflect Trump's strategy as he prepares for the upcoming presidential election.