At 3 p.m. ET today, President Trump will host an event at the White House showcasing products that are Made in America. All 50 states will be represented, including Pierce Manufacturing from Appleton, Wisconsin. The president will use this as an opportunity to stress the importance of keeping businesses in the United States and bringing jobs back home from overseas.
So how do we actually get there?
It starts with enacting commonsense, pro-growth tax reform. Speaker Ryan discussed this in a speech to the National Association of Manufacturers last month:
"Today, U.S. companies are leaving to become foreign companies, when it should be the other way around. We want foreign companies to become U.S. companies. We must think differently, so that once again we make things here and export them around the world. There are a number of ways to achieve this—we in the House have our own idea—and that is one of the things that we are discussing with the administration. But the bottom line here is this: We cannot accept a system that perpetuates the drain of American businesses overseas.”
As we speak, the House, Senate, and White House are working on a plan to fundamentally fix our broken tax code. And here in the House, the Ways and Means Committee is holding open hearings to discuss the benefits of tax reform for individuals and businesses. The next one will take place on Wednesday afternoon.
The nonpartisan Tax Foundation estimates that our blueprint will leapfrog our economy ahead of our competitors, create 1.7 million new full-time jobs, and raise average household incomes by 8.7 percent after taxes.
That’s why we are so committed to delivering a Made in America tax code in 2017. This is the promise we made to the American people, and we intend to keep it.
To learn more, visit speaker.gov or check out the links below: