The Working Families Tax Cuts Act includes provisions for expensing for manufacturing equipment.
Posted by Speaker Mike Johnson, Checked
- Sources
- 5 support2 context
- Said
- 1 time·
- Confidence
- 90%
Speaker Mike Johnson@SpeakerJohnsonOct 26, 2026… We look forward to continuing to work with Speaker Johnson to expand opportunities for U.S. cotton.” —National Cotton Council “We appreciate Speaker Johnson’s leadership that has put American workers and American manufacturing at the center of the agenda. The Working Families Tax Cuts advanced those priorities through critical provisions, including no tax on overtime and expensing for manufacturing equipment, helping our workers keep more of what they earn, and steelmakers invest in America’s future.” —Steel Manufacturers Association “We first met Speaker Mike Johnson while he was serving in the state legislature and since that time he has consistently advocated …
Multiple primary sources (Treasury fact sheet, IRS business guidance, Senate Finance Committee, House Ways and Means) confirm the Working Families Tax Cuts Act provides permanent 100% full expensing for new machinery and equipment used in manufacturing, as of the 2026-10-26 claim date. The extracted claim faithfully reflects the passage's assertion of expensing for manufacturing equipment, with no contradicting source found.
This claim is about the present, so it is judged as of the day it was checked.
What we found
Supports. The IRS business guidance describes Section 70301 as providing a permanent 100-percent additional first-year depreciation deduction (full expensing) for qualified property acquired after January 19, 2025.[3]
Supports. The Treasury fact sheet states the law permanently reinstates 100% full expensing, allowing businesses to immediately deduct the cost of new equipment, and the Senate Finance Committee describes permanent full expensing for machinery and equipment.[4][5]
Supports. The House Ways and Means Committee states manufacturers can deduct 100 percent of the cost of new equipment in the year purchased, and the President's National Manufacturing Day 2026 proclamation says the law lets manufacturers immediately expense 100 percent of factory, machinery, and equipment investments.[6][7]
Context. The FactCheck.org and PolitiFact coverage addresses the broader 2025 tax law's overall effects but does not dispute the manufacturing equipment expensing provisions.[1][2]
Sources
7 sources: 2 fact-checkers, 5 primary
- 1FactChecking Trump's Midterm Convention Speechfactcheck.org · fact-checker · cited for: context
- 2Rulingspolitifact.com · fact-checker · cited for: context
- 3Working Families Tax Cuts - Businessesirs.gov · primary source · cited for: supports
- 4[PDF] WORKING FAMILIES TAX CUTS - Treasury.govhome.treasury.gov · primary source · cited for: supports
- 5Working Families Tax Cuts Power Domestic Manufacturingfinance.senate.gov · primary source · cited for: supports
- 6Big, Beautiful Success Story: Republican Policies Push ...waysandmeans.house.gov · primary source · cited for: supports
- 7National Manufacturing Day, 2026whitehouse.gov · primary source · cited for: supports
Where this claim was made
Said in 1 published post