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.