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2025 tax law boosts US manufacturing jobs, wages, and growth across all 50 states

Market News
21 Jul 2026
Fox Business
View Source
Bullish
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One year after the 2025 One Big Beautiful Bill Act (OBBBA) was enacted, a report by the National Association of Manufacturers shows it has significantly benefited the US manufacturing sector. The law, which includes provisions like 100% expensing for new factories and immediate depreciation of machinery, has helped protect jobs, increase wages, and spur economic growth nationwide. States like California, Texas, and Florida saw hundreds of thousands of jobs saved and billions in GDP and wages preserved. Manufacturers credit the law for giving them the confidence to invest in innovation, equipment, and workforce development, supporting long-term growth in the industry.

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