While there isn’t much bipartisanship on Capitol Hill nowadays, new tax incentives for domestic manufacturing activity could provide for some common ground.
“There is likely to be legislation here that provides incentives for onshoring,” U.S. Sen. Chris Coons (D-Del.) told Law360.com, adding that there’s “bipartisan support for incentives” to spur U.S. production of PPE, drugs and vaccines, as well as semiconductors and other parts required for automobiles, 5G wireless networks, and other key products. Ohio’s U.S. Sen. Rob Portman has been part of the onshoring discussions, according to the article. 3/23/2021