Every industry has speculated about what changes might occur once President-elect Trump takes office on January 20, 2017. Here are a few of the policy issues that could impact domestic manufacturing:
- Tax: President-elect Trump has spoken at length about tax reform. He has proposed lowering the individual tax rate to 33% and the corporate tax rate to 15%. His proposals would allow U.S. manufacturers distributors to elect full expensing of their plants and equipment, without a deduction for interest expense.
- Regulation: Though President-elect Trump’s policy on this matter has not been solidified as his tax plan has, he spoke on the campaign trail about reforming the regulatory code. Trump has indicated he would declare a moratorium on new agency regulations, unless they are deemed necessary for public safety.
For an in-depth analysis, see the full article from Manufacturing Business Technology.