This proposal will revise pieces corporate tax code. It entails several pieces of legislation.
1. Corporate tax w/o deductions set at 35%
2. Corporations taxes can be reduced base on:
- percentage of manufacturing workforce in the United States
- Suppliers in US.
30% of manufacturing workforce in US= 45% tax rate after profits
60% of manufacturing workforce in US= 30% tax rate after profits
80% of suppliers and manufacturing in US= 15% tax rate after profits
100% of manufacturing workforce in US and all suppliers= 7.5% nominal tax rate after profits
System encourages manufacturing job growth and avoids
large tax increases or cuts.