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Manufacturing

Taxes

Does the tax code penalize manufacturers?

According to President Joe Biden, the recently passed Inflation Reduction Act will, among other accomplishments, “finally ask the largest corporations to pay their fair share [of taxes].” Some organizations say manufacturers are already getting the shaft when it comes to taxes — and the IRA will only make it worse. Experts who spoke with NJBIZ, however, say the situation may be more nuanced.

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