Carter Bill Offers 30% Tax Credit For U.S.-Made Drugs, Medical Equipment

By John Wilkerson / May 21, 2020 at 2:22 PM
Rep. Buddy Carter (R-GA) introduced a bill to give a 30% tax credit to makers of drugs, protective medical gear and diagnostics that are manufactured in the United States, and Sen. Tim Scott (R-SC) is trying to drum up support for a sister bill. The legislation, introduced Tuesday (May 19), is in line with the Trump administration’s America-first bent, but the American-made executive order that the president is considering is expected to mandate that companies make drugs in the United...

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