Texas is likely beneficiary of moving manufacturing back to US

NY Times:

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.
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. 

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.


Popular posts from this blog

Shortly after Nancy Pelosi visited Laredo, Texas and shook hands with mayor of Nuevo Laredo this happened

US, Britain and Israel help Iranian nuclear scientist escape