Driving Growth: Husco CEO Advocates for Tax Cuts & Innovation

Husco , a family - owned auto parts manufacturer , is preparing for potential changes if Joe Biden is re - elected in 2024 . The company 's President and CEO , Austin Ramirez , recently testified before the United States Congress regarding the potential expiration of the Tax Cuts and Jobs Act of 2017 , emphasizing the significance of this policy.

Ramirez highlighted the importance of preserving the Tax Cuts and Jobs Act , stating that it is essential for supporting American businesses like Husco . The upcoming expiration of the tax law in 2025 could result in higher tax rates for many Americans unless certain provisions are extended or made permanent . President Biden has not yet unveiled a plan to address this issue but has proposed several tax hikes in his fiscal 2025 budget.

During an interview with Fox News ' Pete Hegseth , Ramirez discussed the impact of taxes on businesses , emphasizing the need for competitive tax rates to foster innovation . He provided insight into Husco 's manufacturing operations in Wisconsin , underscoring the role of research and development in driving economic growth.

The federal research and development ( R&D ) tax credit plays a crucial role in incentivizing companies to invest in innovation . Ramirez highlighted the disparities between the U.S. and China in terms of R&D expenses , noting that favorable tax policies can fuel innovation and growth in the American economy.

Renewing the tax cut policy would be advantageous for Husco , according to Ramirez , as it would provide the company with greater liquidity to invest in equipment , personnel , and community initiatives . He emphasized the company 's commitment to giving back to the community , particularly in supporting educational initiatives that contribute to the American Dream.

One of Husco 's significant community projects involved the establishment of a school in Milwaukee , catering to minority and low - income students . The school has achieved top rankings in the state of Wisconsin and is set to expand with the launch of a second campus . Ramirez highlighted the impact of the company 's philanthropic efforts in educating a significant portion of Milwaukee 's youth.

In conclusion , Husco 's involvement in community service and commitment to innovation underscore the importance of tax policies in supporting businesses and driving economic growth . The company 's story reflects the broader implications of tax regulations on businesses and communities across the United States.