The National Association of Manufacturers (NAM) is sounding the alarm over the recently unveiled Schumer-Manchin tax plan that would disproportionately burden their operations. NAM reports: The proposed “book tax” in the Senate’s reconciliation bill “would overwhelmingly hit U.S. manufacturers,” according to a new analysis by the Joint Committee on Taxation, Congress’s non-partisan tax scorekeeper. What’s going on: The reconciliation bill, the outline of which was released Wednesday by Senate Majority Leader Chuck Schumer (D-NY) and Sen. Joe Manchin (D-WVA), proposes a 15% minimum … [Read more...]
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