Congress should also extend and expand tax incentives designed to promote domestic manufacturing of key technologies, most notably distribution transformers. As the country starts reshoring production of certain materials and components, an incentive structure that has proven successful in the past should be reworked to provide additional relief to companies trying to do the right thing by bringing jobs back to America.
Finally, we support a trade policy framework set forth by NEMA, our electrical manufacturing partner, that encourages American investments and onshoring.
Their three-pronged Tariff Offset framework aligns trade policy with national goals by offering targeted tariff relief for capital investments in domestic manufacturing, for goods essential to AI and grid infrastructure, and for products meeting Made in America content standards.
Together, these sensible policies will give risk-takers the coverage they need to shift workers to critical industries, unleash the availability of materials and products sourced by American-based firms, and provide needed relief for those working to ensure the United States can meet the demands to dominate the AI race.
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