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Lower the tax rate of all 'manufacturing' companies whose workforce consists of at least 75% Americans to 10%.

Created by S.V. on September 24, 2011

The current U.S. tax rate is 24.7% for companies, while Canada's is 23.4% and Japan's is 20.3%. But to compete with the countries with the lowest tax rates, we need to come way down to 10%. It has been estimated that about 15 million jobs in manufacturing may come back to the U.S. if the rate was dropped to 15%, but if we go even further to 10% it would be an even greater incentive and attract many more to return from abroad. This tax incentive should be set in place for 15 years or more, so the companies have security to know the future rates won't rise. And it should be only manufacturing since that is the area we hurt the most right now.

Budget & Taxes
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