Washington – In a video released today by Business Roundtable, Dennis Muilenburg – Chairman, President and CEO of The Boeing Company – describes how tax reform is empowering Boeing to invest hundreds of millions of dollars in its employees, its communities and its manufacturing capabilities.
The full transcript of Muilenburg’s video is provided below. Please visit taxreform.brt.org for more information on bonuses, investments, wage increases and expanded employee benefits announced by Business Roundtable member companies as a result of tax reform.
Tax reform is the single most important thing we can do to generate jobs in the United States and unleash economic growth.
It will have a clear and direct benefit to Boeing, our employees, our suppliers, our communities and other stakeholders.
The reforms enable us to better compete on the world stage and give us a stronger foundation for the investments in innovation, facilities and skills that’ll support our long-term growth.
For example, we recently announced a $300 million investment as a result of tax reform.
One-third of this investment will go toward corporate giving, with funds supporting education, community and military and veteran programs and initiatives, in addition to employee gift-match programs.
Another third will go toward workforce development, including training and education around new technology.
The final third will go toward facilities and infrastructure enhancements to create better workplaces for Boeing employees.
Our employees are our most important strength, and these investments will benefit them and our company as a whole.
Tax reform also provides a stronger foundation for us to make additional investments both in research and development and in innovation—driving new products, new services and new capabilities.
It will enable us to accelerate work on prototyping activities and on productivity initiatives in our factories, from manufacturing capabilities to analytics and vertical capabilities.
The reforms also help us make the necessary capital investments in support of potential future product lines as well as the underlying production and supply chain systems.
On behalf of all of our stakeholders, we applaud and thank Congress and the administration for their leadership in seizing this generational opportunity to strengthen our economy.