“Reindustrialize.” It’s the latest rallying cry gaining traction, with both the left and right calling for policy reforms to modernize American industry and finally bring back manufacturing jobs to the American heartland.
But President Trump has been sounding this alarm for years, and his administration has acted to revive manufacturing in the United States, working with Congress to implement these policies through the One Big Beautiful Bill Act.
Here are 4 reforms in OBBBA that will help achieve reindustrialization:
OBBBA permanently extends several pro-growth provisions of the 2017 Tax Cuts and Jobs Act (TCJA).
First, it permanently establishes 100% bonus depreciation, a provision that allows businesses to immediately deduct the total cost of qualifying capital investments, including