Fiat Chrysler Automobiles is the latest company to announce good news resulting from the new Tax Cuts and Jobs Act.
The company said it plans to invest more than $1 billion in the Warren Truck Assembly Plant in Michigan, as well as relocate the production of its Ram Heavy Duty truck in 2020, which is currently being manufactured in Saltillo, Mexico.
Moving a plant to Michigan would create about 2,500 jobs, Reuters reported.
The company also said it would give $2,000 bonuses to 60,000 of its U.S. employees, although the bonuses will not include senior leadership.
Fiat Chrysler will move heavy duty production to Michigan from Mexico, add 2,500 jobs and invest $1 billon http://pic.twitter.com/f1G4qNVLJP
— David Shepardson (@davidshepardson) January 11, 2018
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Fiat Chrysler CEO Sergio Marchionne said the recent tax reform bill factored into the company’s decision, explaining that they wanted to pass the savings on to employees.
“These announcements reflect our ongoing commitment to our U.S. manufacturing footprint and the dedicated employees who have contributed to FCA’s success,” Marchionne said in a statement, according to The Detroit News.
“It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the U.S. business environment by investing in our industrial footprint accordingly,” he added.
It is awesome to see Americans winning thanks to common-sense tax reform.
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President Donald Trump praised the move, calling it a “wise decision.”
Chrysler is moving a massive plant from Mexico to Michigan, reversing a years long opposite trend. Thank you Chrysler, a very wise decision. The voters in Michigan are very happy they voted for Trump/Pence. Plenty of more to follow!
— Donald J. Trump (@realDonaldTrump) January 12, 2018
Vice President also called the company’s decision a “great announcement” and proof that Trump’s “America First” policies are working.
.@FiatChrysler_NA to relocate truck production from Mexico to Michigan. 2,500 new U.S jobs AND pay bonuses made possible by passage of tax reform. Manufacturing is back. Great announcement. Proof that this admin’s AMERICA FIRST policies are WORKING! https://t.co/Xe3ipZlfVN
— Vice President Mike Pence (@VP) January 11, 2018
It’s hard to disagree with him.
Ever since the tax reform bill was passed, Americans have been getting plenty of good news.
This is winning — and winning for the average American, no less — no matter how Democrats try to spin it.
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via Conservative Tribune
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