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VisitWhich sector will see the largest increase in U.S. manufacturing output by December 31, 2025?
Automotive • 25%
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Reports from the U.S. Department of Commerce or industry analyses
Trump Proposes 15% Corporate Tax Rate for U.S. Manufacturers, Aiming to Boost Domestic Production
Dec 12, 2024, 02:36 PM
President Donald Trump has announced plans to reduce the corporate tax rate to 15% for companies that manufacture their products in the United States, offering a significant incentive for domestic production. This proposal aims to provide a substantial tax cut from the current rate of 21%, with Trump emphasizing that this benefit would be exclusive to companies that build in the U.S., stating, 'You pay 21% if you don't build here. And if you do, we're going to get it down to 15% but you have to make your product in the USA.'
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