H.R. 10494, known as the "Grown in America Act of 2024," aims to change the Internal Revenue Code to give a tax credit to encourage the purchase of American agricultural products. This credit allows businesses to deduct a portion of their costs for buying agricultural goods produced in the...
Simple Explanation
The "Grown in America Act of 2024" is like giving companies a reward for buying food and farm stuff that's grown in America, making it cheaper for them if they support local farmers, but there are some rules and limits on how much reward they can get.