TRUMP: economic nationalism steel industry, R&D tax credits, bonus depreciation, Corp tax 21% to 15%

TRUMP: “To further support the revival of American manufacturing, my plan calls for expanded R&D tax credits, 100% bonus depreciation, expensing for new manufacturing investments, and a reduction in the corporate tax rate from 21% to 15% solely for companies that MAKE THEIR PRODUCT IN AMERICA. If you offshore or replace American workers, you are not eligible for these benefits.”

TRUMP: Smart tariffs will not CREATE inflation, they will COMBAT inflation. Foreign nations will pay us hundreds of billions of dollars, reducing the deficit and driving inflation down. In my first term, we imposed historic tariffs with NO EFFECT on consumer prices or inflation. We had almost no inflation. A combination of fair trade, tax cuts, regulatory cuts, and energy abundance will allow us to produce more goods, BETTER and CHEAPER right here in the USA.

TRUMP: We will ensure that the United States has a steel industry, an aluminum industry, a manufacturing base, and a defense industrial base. Call it what you want. Some might say it’s economic nationalism. I call it common sense. I call it America First. This is the policy that built this country, and this is the policy that will SAVE this country.

https://www.facebook.com/HygoNewsUSA/videos/891541069517947

TRUMP: economic nationalism steel industry, R&D tax credits, 100% bonus depreciation, Corp tax 21% to 15%

Key Points

TRUMP: “To further support the revival of American manufacturing, my plan calls for expanded R&D tax credits, 100% bonus depreciation, expensing for new manufacturing investments, and a reduction in the corporate tax rate from 21% to 15% solely for companies that MAKE THEIR PRODUCT IN AMERICA

• If you offshore or replace American workers, you are not eligible for these benefits

TRUMP: Smart tariffs will not CREATE inflation, they will COMBAT inflation

• Foreign nations will pay us hundreds of billions of dollars, reducing the deficit and driving inflation down

Transcript Highlights

The following is transcribed from the video audio:

• We will ensure that the United States has a giant steel industry, an aluminum industry, a manufacturing base, and a defense base
• We want an industrial base that can take care of our defense needs, 100 percent
• This is the policy that built this country, and this is the policy that will save our country
• If you outsource, offshore, or replace American workers, you are not eligible for any of these benefits
• In fact, you will pay a very substantial tarot that comes in from another country that’s made in another country and comes in
• There will be a big tariff on that product because we want to make our goods in America, and most of them we can
• Make your product here in America, and only in America we are not going to be taken advantage of anymore, just as we made great inroads and progress four years ago
• We made tremendous inroads on this subject
• We’re not going to watch our wealth and jobs get ripped away from us and sent to foreign countries, which is what’s been happening for many, many decades with us
• China was built on doing exactly what we’re going to be doing, and what I started doing four years ago

Full transcript: 517 words transcribed via Whisper AI.