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Let's be realistic, this is directly related to the Tax Cut and Jobs act and the USMCA. The IRA will have minimal impact and even those effects are yet to be re
by hattmall 3y ago
Let's be realistic, this is directly related to the Tax Cut and Jobs act and the USMCA. The IRA will have minimal impact and even those effects are yet to be realized.
It wasn't rocket science, make it advantageous to produce your goods sold in America in America. Economies of scale will follow and make it true that producing goods for export makes sense too, even with the tax hit.
- deleted 3y ago[deleted]
- jlmorton 3y agoThe USMCA only tinkered with NAFTA. The principal changes are in the automotive and dairy industries, and they are extremely minor. This is certainly not a major component of the manufacturing construction boom. The TCJA could be having a larger impact, with immediate expensing of capital costs and depreciation provisions, but it was also passed 6 years ago.