Originally published at: NANCY’S NIGHTMARE: GE Unveils $275M Investment, Credits Trump Tax Cuts | Sean Hannity
Nancy Pelosi’s dire predictions of “doom and gloom” continued to collapse this week as General Electric unveiled its $275 million investment in its “manufacturing operations” in the United States.
According to the National Association of Manufacturers, GE Appliances announced its “major investment” in four new distribution centers across the US; creating hundreds of new jobs for American workers.
“So far in 2018, GE Appliances has made a series of investments in the U.S. totaling $275 million,” writes the website.
The giant corporation credited the Republican tax cuts as a pivotal factor in its decision to launch the new program.
“The changes in rates and favorable tax treatment of investments in machinery and equipment play a big role in our expansion plans,” said Kevin Nolan, president and chief executive officer for GE Appliances.
“The investments we are making today continue our mission of creating product and production supersites where we can more efficiently channel our innovation and manufacturing expertise by product line,” said Nolan.
Read the full story here.
