From The Enterprise:
ShareTrump’s policies give manufacturers reasons to build here. Tariffs make domestic production more attractive relative to shipping goods into the country, while the tax law restored 100% expensing for equipment and extended it to new factory construction. Expensing lets a business deduct qualifying costs upfront rather than spread the deduction over time. That changes the calculation for a company deciding where to put its next plant.
A chip fab takes four years from permit to wafer; a petrochemical plant takes five. The wait is real, and a pledge is no guarantee of completion. Yet the same reporters who dismiss Trump’s commitments as vapor celebrated every Biden CHIPS Act press release as a manufacturing renaissance, including projects since shelved. Apply the same scrutiny to both. One-directional skepticism is partisanship with a notebook.
The habit predates the factory announcements. In 2021 and 2022, the Biden administration called inflation “transitory,” and the drive-by media repeated it for most of a year as inflation climbed from 5% to 9%. When a Fox reporter asked Biden about inflation in January 2022, the president answered with an obscenity on a hot mic and the press corps chuckled. When gasoline crossed $5, CNN supplied silver linings. When two consecutive quarters of negative growth arrived that summer, the White House redefined recession and the networks adopted the definition within a news cycle. (Read more.)


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