Republicans are Powering the Economy Through Pro-Growth Tax Policy

Washington, D.C.—Republicans’ legislation permanently extends critical pro-growth provisions and introduces new incentives for domestic investment, providing certainty for American job creators to spur domestic economic activity and invest in workers. 

Restores and makes permanent critical business provisions:

• Full expensing for domestic R&D to encourage domestic innovation.
• Full expensing for new capital investments, like machinery and equipment, to boost domestic production.
• Restores interest deductibility to a globally competitive standard to help finance critical domestic investments.

Boosts Made-in-America manufacturing: 

• Full expensing for new factories and factory improvements to accelerate domestic manufacturing.

Enhances Opportunity Zone incentives:

• Permanently renews and enhances the Opportunity Zone program, driving $100+ billion of investment to rural and distressed communities.  

Click HERE for a bill overview.

Click HERE to view text of the Finance reconciliation bill.

Click HERE for a section-by-section.

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