Boeing CEO: ‘Tax Reform Is The Single Most Important Thing For US Economy’ Boeing CEO: ‘Tax Reform Is The Single Most Important Thing For US Economy’ – NTK Network

Boeing CEO: ‘Tax Reform Is The Single Most Important Thing For US Economy’

"First thing we're going to do with the benefits of tax reform is we're going to invest in innovation," Dennis Muilenburg told CNBC.

By NTK Staff | 12.08.2017 @2:00pm
Boeing CEO: ‘Tax Reform Is The Single Most Important Thing For US Economy’

Boeing Chairman, President, and CEO Dennis Muilenburg told CNBC that passing the Republican tax reform package is critical to economic growth on Friday.

“I think tax reform is the single most important thing we can do in this country to unleash economic energy. It’s going to unleash growth,” Muilenburg said in an interview with CNBC’s Jim Cramer.

The Republican tax reform plan would cut the corporate tax rate to

20 percenet, which Muilenburg says would allow Boeing to invest more in research and development.

“First thing we’re going to do with the benefits of tax reform is we’re going to invest in innovation,” the CEO said. “We’re going to invest in capital, new product lines. It’s going to create more manufacturing jobs, and our shareholders are going to benefit, too. We’re going to improve dividends, share repurchase. But the number one use of cash here is invest in innovation for the future.”

Muilenburg also praised President Donald Trump, telling Cramer, “The thing I love about President Trump is he’s really focused on helping businesses succeed. We’ve got open communication lines.”

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