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Imagine getting a tax credit for buying American-made goods. Some legislators want to make this fantasy real. MDV Edwards / Shutterstock.com
households will get reimbursed up to $5,000 per year for purchases of specific types of goods if a newly introduced bill becomes law. The Made in the USA bill would establish a refundable tax credit worth up to $2,500 per person (or $5,000 per couple filing jointly) for purchases that meet the requirements of the federal government’s Made in USA standard. A refundable tax credit is the…
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