Would a New Law Really Give Louisiana, Texas Residents $5000 to Buy American-Made Products?

Two Democrats are aiming to promote American manufacturing with a bill known in Congress as the “The Made in the USA Tax Credit Act.” A headline from Newsweek, claims “Americans Would Get $5,000 To Shop Under New Bill.”

According to the Newsweek article, “Individuals (excluding dependents) are eligible if they earn less than $125,000 per year and have investment income below $20,000. Couples filing jointly are eligible if they earn less than $250,000 per year and have investment income less than $40,000.”

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