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4/8/2021

Treasury Releases Made in America Tax Plan Report | U.S. Department of the Treasury

Treasury Releases Made in America Tax Plan Report
April 7, 2021

WASHINGTON – Today, the U.S. Department of the Treasury released the Made in America
Tax Plan Report to provide additional depth on the plan first announced last week as part of
President Biden’s American Jobs Plan, a comprehensive proposal aimed at increasing
investment in infrastructure, the production of clean energy, the care economy, and other
priorities.
This report describes President Biden’s Made in America tax plan, the goal of which is to
make American companies and workers more competitive by eliminating incentives to
o shore investment, substantially reducing profit shi ing, countering tax competition on
corporate rates, and providing tax preferences for clean energy production.
Importantly, this tax plan would generate new funding to pay for a sustained increase in
investments in infrastructure, research, and support for manufacturing, fully paying for the
investments in the American Jobs Plan over a 15-year period and continuing to generate
revenue on a permanent basis.
The Made in America Tax Plan Report is available here.
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https://home.treasury.gov/news/press-releases/jy0110

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