“I predict at the end of the day not only will we deliver the lowest tax rates on our job creators in modern times, not only will we unleash capital investment with immediate expensing, but we’re going to tax products equally in America, whether they’re made outside the U.S. or here in America. We’re going to lift the ‘Made in America’ tax on our exports so we can compete and win around the world. At the end of the day, we’re going to eliminate every tax reason to move jobs overseas. We’re going to be a magnet. At the end of the day, this will not be off the table. Americans support equal taxation in the U.S. and that’s exactly what we’re proposing,” Brady said. -HOUSE WAYS & MEANS CHAIRMAN, KEVIN BRADY, 2/2/2017
Thank you to Mark Grant, Hilltop Securities, for this heads up.