What to expect as the new administration takes office in less than two weeks
President Donald Trump has a long way to go to fulfill his campaign promise of making American manufacturing back to work, but his agenda is moving at a blistering pace, according to a new report.
The White House has been working on several measures aimed at re-creating American manufacturing over the past few months, including rolling back Obama-era rules that required American companies to spend at least 25 percent of their production capacity on domestic goods.
The administration has also been working to modernize the U.S. energy sector, making it more efficient and renewable and investing in a more flexible and efficient manufacturing industry, as well as laying the groundwork for a more efficient tax code.
Trump’s economic agenda, which was first announced by his son-in-law Jared Kushner in late January, has drawn the most scrutiny from Democrats, who have repeatedly attacked it.
In a recent speech in Wisconsin, former President Joe Biden said he would cut the corporate tax rate to 20 percent, which is nearly the same rate as it was under President George W. Bush.
But in recent days, Trump has taken another stab at rolling back those rules, which require companies to invest at least 20 percent of production in domestic goods and to hire at least one person for every 250 employees in the company.
Trump, who has repeatedly claimed that his agenda would bring back manufacturing jobs, has also said he will be “a strong advocate for our American workers,” as well.
The president’s team has made clear that it will not just focus on creating jobs, but that it wants to make sure that American manufacturing is back to where it was in the early 2000s, before the economic crisis that followed the Great Recession.
On Tuesday, the administration announced a plan to make it easier for companies to bring back American jobs.
The plan, which the White House called the Manufacturing Jobs Initiative, would allow firms to bring jobs back if they make it financially viable to do so.
The program would include a $2,000 tax credit to companies that bring jobs to the U, and $5,000 to companies with 100 to 250 workers that bring a job back.
Trump also is seeking to create jobs by creating more manufacturing jobs through infrastructure investments, which he has called a key part of his economic strategy.
“I’m going to be a strong advocate, and I want to put people back to the job, that’s the key thing, because jobs are created,” Trump said on the campaign trail.
“That’s the thing that will create the economic recovery.”
Trump also has repeatedly pledged to bring more manufacturing to the United States.
On the campaign stage, he said he was going to create more manufacturing in the United Kingdom, a country that had fallen behind on its manufacturing production for years, by 2020.
“It’s time for Britain to wake up,” Trump told supporters in March.
“Our country is dying.”
The Trump administration also is working to get the U