Lawmakers propose tax credit for domestic manufacturing

As the U.S. seeks to secure its supply chain following global disruptions from the COVID-19 pandemic, two Republican lawmakers are backing legislation that would enact a tax incentive to encourage manufacturers to keep production domestic.

The Manufacturing API, Drugs, and Excipients (MADE) in America Act, introduced in the House of Representatives by Rep. Earl Carter (R-Ga.), is seeking to “reduce the advantage that foreign countries provide and encourage companies to maintain, expand or relocate their production activities back to the United States and its territories,” Carter said in a statement...