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Trump to lower tax rate to 15% for companies that manufacture in the U.S.
Donald Trump has proposed lowering the corporate tax rate to 15% for companies that manufacture in the U.S., as part of his broader economic policies aimed at boosting domestic production and jobs. This proposal is intended to incentivize businesses to bring manufacturing back to the United States, create more jobs domestically, and reduce reliance on foreign production. By lowering taxes, Trump aims to make the U.S. more competitive in the global market, attracting companies to establish or expand their manufacturing operations in the country. However, such a policy would likely face scrutiny in Congress and among economists regarding its fiscal impact and effectiveness in achieving long-term economic growth.
