Glenn Grothman: “We are heading into what many people hope is the finishing stretch of our legislature, putting through what Donald Trump…”

“We are heading into what many people hope is the finishing stretch of our legislature, putting through what Donald Trump calls the big, beautiful bill. There are a lot of issues yet to be decided, and I would like to address some of those issues today. The first issue I have talked about once already, but it seems to be a major holdup, the rumors are, in negotiation. There are clearly going to be some tax cuts in this budget. Our goal will be to continue with tax cuts that were put in place in 2017 but add some others. As we hear rumors of what tax cuts will be added, we have to remember that taxes in the United States are so high that every tax provision affects our behavior. Some people want taxes, and I am one of them, to be lower on manufacturers because manufacturers have to compete with other countries. A good way to make sure we have good manufacturing jobs, as well as to make sure we get more research on manufacturing in this country, is to aim our tax cuts at manufacturers. Some of them specifically aim at research and development. They feel the most important thing in manufacturing is research and development. Others are made to encourage savings. In the past year, we have passed tax cuts to encourage people to put more money in their IRAs or 401(k)s.…”