r/politics • u/FervidBug42 America • 1d ago

H.R.2652 - To amend the Internal Revenue Code of 1986 to provide incentives for relocating manufacturing to the United States, permanent full expensing for qualified property, and for other purposes

https://www.congress.gov/bill/119th-congress/house-bill/2652?q=%7B%22search%22%3A%22congressId%3A119+AND+billStatus%3A%5C%22Introduced%5C%22%22%7D&s=1&r=4
0 Upvotes

33% Upvoted

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19

u/NerdimusSupreme 1d ago

The manufacturing left for a reason nobody will be able to buy products we make at living wages. 

6

u/grundee 1d ago

That's probably the point. Minimum wage for under 8 years old can be like $0.10/hr. More tiny hands makes less work...

3

u/Grandpa_No 1d ago

Eight year olds are also shorter so their faces are closer to the work. I anticipate massive increases in affordability and quality

5

u/grundee 1d ago

This is a true DOGE-level efficiency gain right here

1

u/lokey_convo 1d ago

Gotta get rid of those pesky environmental and zoning regulations too that "impeded business". /s

0

u/freerangemary Oregon 1d ago

Not entirely true. I’m not a fan of this implementation of tariffs, but local production pumps money into local economies. Not large corps.

We can make things here with ingenuity. And out compete. And where we can’t, you tariff the importers to level the playing field.

10

u/Climbing_Clubs 1d ago

So, I get to purchase a building, claim its for manufacturing, inflate the value (ie use the Trump method for valuation), expense 100%, and then flip it in a few years, all on Uncle Sam’s dime? Cool!

6

u/StrangerFew2424 1d ago

Maybe they should've attempted this before placing blanket tariffs?! Just a thought. 

3

u/KidKilobyte 1d ago

They will change so many things, so quickly, that are interdependent, that the outcome is almost guaranteed to be a collapse of the whole system.

1

u/space_for_username 1d ago

Gosh, so America could start manufacturing semiconductors again. We could call it the 'Chips' Act in honor of Roy...