Vice President JD Vance announced Friday during an appearance in Michigan that businesses and corporations that "invest in America" will be rewarded with tax cuts, deregulation and lower energy costs.
During the appearance at Vantage Plastics, a plastic manufacturing plant in Bay City, Vance said the Trump administration’s “goal is to make it easier and more affordable to make things again” in the U.S.
“President Trump has been clear about his plan, about our administration’s plan — our goal is to make it easier and more affordable to make things again in the United States of America,” Vance said. “If you invest in America, in American jobs, in American workers and in American businesses, you’re going to be rewarded. We’re going to cut your taxes, we’re going to slash regulations, and we’re going to reduce the cost of energy and build things right here in this country that all of us love.”
On the other hand, Vance warned, if companies choose to go outside the U.S., they will not get anything from the administration.
President Trump's plan for America is simple:
If you invest in America, we are going to cut your taxes, slash regulations, and reduce the cost of energy so you can build right here in your own country. pic.twitter.com/N1tqYa07qQ
— Vice President JD Vance (@VP) March 14, 2025
Vance said the message was "simple" but powerful.
“But, if you try to undercut us and build outside of our borders, President Trump’s administration has got nothing for you,” Vance said. “If you want to be rewarded, build in America. If you want to be penalized, build outside of America. It’s as simple as that.”
Vance also said that the Trump administration had already planned to invest almost $2 trillion into American businesses, according to Spectrum News NY1.
Previously, GE Aerospace announced a nearly $1 billion investment in American manufacturing.
Pharmaceutical companies like Eli Lilly said they would invest $27 billion to "boost domestic drug production."
Vance did criticized the previous Biden administration for inflation and other economic woes.
“The last administration left us with a terrible economy,” Vance said. “They left us with sky-high prices. They left us with home values that had doubled in just four short years, meaning a lot of American families couldn’t afford to buy or to rent a home. They left us with a historic debt crisis. Did you know, in the history of the United States of America, we have never had deficits and debt so high as we had under Joe Biden’s leadership?"
Trump may be trying to cut the federal budget and address its more than $36 trillion in debt now, but Vance ignores the deficit spending Trump did in his first term with these comments.
We'll see if the new administration can turn things around, or if they will be all talk and little action once again.
