Texas is likely beneficiary of moving manufacturing back to US
NY Times:
It is likely that companies will be more interested in investing in red states like Texas where they face a lower tax rate and fewer onerous regulations than states like California. The rust belt states also need to look at their tax structure and regulatory scheme if they hope to increase investment in jobs.
With California also increasing its personal tax rate, that will make Texas's no income tax policy even more attractive for luring employees.
Apple and Samsung have huge investments in manufacturing plants in the Austin, Texas area. I expect that will increase with the repatriation of profits anticipated from tax cuts Trump has proposed.
Apple Empowers the U.S. Working Class at a Texas Complex
The tech giant probably won’t bring all production to the United States, as Donald J. Trump has suggested, but it provides diverse opportunities for thousands of Americans, along with a ladder to climb.
It is likely that companies will be more interested in investing in red states like Texas where they face a lower tax rate and fewer onerous regulations than states like California. The rust belt states also need to look at their tax structure and regulatory scheme if they hope to increase investment in jobs.
With California also increasing its personal tax rate, that will make Texas's no income tax policy even more attractive for luring employees.
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