Senator Bob Casey has introduced a bill to lower the costs of infant formula and prevent future shortages.
With quickly rising costs for baby formula and a shortage that impacted families across the country two years ago, Senator Casey has introduced a bill that would provide tax credits to support producers.
The Infant Formula Made in America Act would be a 30 percent tax credit of new investment to infant formula production and up to $150 million got new online production.
Along with the investment tax credit there will be a $2 credit for every pound of formula produced up to 18 million pounds over a five-year period.
The bill is endorsed by National Milk Producers Federation and is cosponsored by U.S. Senator Martin Heinrich of New Mexico.
The post Sen. Casey Introduces Baby Formula Bill appeared first on ButlerRadio.com – Butler, PA.
