By SC Nebraska News |
Jan 31, 2024
Washington, D.C. - Representatives Adrian Smith, Joe Morelle, Kevin Hern, and Brad Schneider have come together to support the American Innovation and Manufacturing (AIM) Act. This legislation, which was included as part of the bipartisan Tax Relief for American Families and Workers Act, aims to promote investments in America's manufacturing sector and other capital-intensive industries. One of the key provisions of the AIM Act is the amendment of the U.S. tax code to increase the cap on deductible business interest to pre-2022 levels.In light of recent high inflation and...