Differences include business and international taxation, clean energy provisions. This article from RSM outlines that reshoring U.S. manufacturing will require more than just tariffs—it demands a comprehensive strategy that includes stable investment conditions, a skilled workforce, upgraded infrastructure, and reliable trade partnerships. While recent tariff policies have disrupted global supply chains and increased costs, the article emphasizes that a balanced approach targeting strategic sectors like semiconductors, clean energy, and pharmaceuticals is essential for long-term economic resilience.

This article, originally published June 3, has been updated to reflect that the Senate Finance Committee published legislative text containing differences from the version of the One Big Beautiful Bill Act that the House of Representatives approved.

Executive Summary: Senate proposes tax bill Tax proposals that the U.S. Senate released on June 16 differ on some key issues from the One Big Beautiful Bill Act, which the House of Representatives approved May 22. The Senate and House must agree to identical versions of legislation to enact a taxation-and-spending package

CLICK HERE to read the full article from RSM.