Tax Policy

AISI supports tax policy that encourages manufacturing activity in the United States and increases the global competitiveness of domestic steel producers. In addition to the recent reduction of the corporate tax rate, simplification of the tax code and a broadening of the tax base, continued promotion of capital investment is crucial for economic growth and job creation. Cost recovery systems, such as accelerated depreciation and full expensing, directly impact whether or not manufacturing companies will make new investments, and must be a central feature of federal tax policy.

Industry Position

AISI supports tax policy that encourages manufacturing activity in the United States and increases the global competitiveness of domestic steel producers. Congress should maintain provisions in the tax code that ensure a competitive corporate tax rate, accelerated cost recovery to promote domestic capital investment, and the elimination of the corporate alternative minimum tax, while providing for the necessary and appropriate transition rules that allow companies to carry into the new tax system net operating losses and other tax assets they have accumulated under prior law.

 

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