Press Releases

Reed: Zero Taxes on U.S. Exports

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Washington, DC, June 27, 2016 | comments

Tom Reed continued the fight for quality, family sustaining jobs and domestic manufacturing by calling for the elimination of taxes on exports manufactured in the United States. “We care about bringing manufacturing jobs back to our country, which is why we are proposing a zero percent tax rate on products made here and exported to be sold around the world,” said Reed. “Drastic changes like this will encourage manufacturers to return to the United States and bring jobs with them.”

This change is expected to significantly improve access to job opportunities and return many manufacturers to the United States. Since the 1960’s, 14 of the top 20 largest corporations have moved their headquarters outside of the United States to receive more favorable tax treatment. When these corporations leave, they take jobs with them.

“Our workforce is second to none and federal tax policy robs them of the jobs they need and deserve. That isn’t right,” said Reed. “By making this one change, we are encouraging those businesses to come back, and giving Americans their best chance at success, creating opportunity and higher wages for our working families in the process.”

The change is part of the tax reform proposal, unveiled by House Republicans late last week.  It is one of six plans unveiled by House Republicans over the month of June. For more information on each of the plan, visit better.gop.

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