LATEST SENATOR BROWN
U.S. Sens. Sherrod Brown (D-OH), Rob Portman (R-OH) and Debbie Stabenow (D-MI) today introduced legislation – the Promoting More American Manufacturing Jobs Act – to clarify the domestic manufacturing tax deduction for U.S. manufacturers. The legislation clarifies the intent of Congress in enacting the domestic manufacturing deduction, section 199 of the tax code, to ensure that in contract manufacturing situations, any party to the arrangement that makes a substantial contribution to the manufacture of qualifying goods through its U.S. employees is entitled to claim the deduction.
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