Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally at Johnny Mercer Theatre in Savannah, Georgia, on Sept. 24, 2024.
If implemented, this proposal would reverse a major component of Trump's 2017 Tax Cuts and Jobs Act, which phased out traditional R&D tax credits.
Starting in 2022, businesses were no longer allowed to write off their R&D expenses the same year they incurred them.
The former president also said he would appoint a specialized "manufacturing ambassador" if he wins a second term in the White House.
Trump also doubled down on his hardline approach to trade, saying he would impose a "100% or 200% tariff" on cars imported from Mexico.
Persons:
Donald Trump, Kamala Harris, Trump
Organizations:
U.S, Republican, Johnny Mercer Theatre
Locations:
Savannah , Georgia, America, Mexico