Senate Dems: How will tax reform affect manufacturing?

Tax writers should know how any proposed overhaul of the U.S. tax code would affect the manufacturing industry, a group of Senate Democrats said Thursday.

Sens. Debbie StabenowDeborah (Debbie) Ann StabenowThe Hill's Morning Report - Sponsored by CVS Health - A pivotal day for House Republicans on immigration GOP, Dem lawmakers come together for McCain documentary Dem presidential hopefuls flock to Trump country MORE (Mich.), Sherrod BrownSherrod Campbell BrownHillicon Valley: Facebook, Google struggle to block terrorist content | Cambridge Analytica declares bankruptcy in US | Company exposed phone location data | Apple starts paying back taxes to Ireland Overnight Health Care — Sponsored by PCMA — Trump hits federally funded clinics with new abortion restrictions Senate Dems call for probe into why Trump has not issued Russia sanctions MORE (Ohio), Bob CaseyRobert (Bob) Patrick CaseySenators offer tax bill aimed at helping first responders McConnell: Midterms will be 'very challenging' for GOP Trump congratulates 'special guy' Barletta on win in Pennsylvania MORE (Pa.) and Ron WydenRonald (Ron) Lee WydenHillicon Valley: Facebook, Google struggle to block terrorist content | Cambridge Analytica declares bankruptcy in US | Company exposed phone location data | Apple starts paying back taxes to Ireland Firm exposes cell phone location data on US customers Overnight Finance: Watchdog weighs probe into handling of Cohen bank records | Immigration fight threatens farm bill | House panel rebukes Trump on ZTE | Trump raises doubts about trade deal with China MORE (Ore.) – all members of the Senate Finance Committee – said in a letter that tax reform legislation that chops away at manufacturing provisions could put the sector in a worse position.

“Incentives for domestic investment are vital to domestic job creation. Many of these provisions have been essential to the creation of good-paying jobs, including domestic manufacturing jobs, which have grown the U.S. economy and the middle class,” the four Democrats wrote to Tom Barthold, the head of the Joint Committee on Taxation (JCT).

“We believe that if tax reform eliminates these important tax provisions, it could adversely affect sectors of the economy that demand new domestic capital investment and that create and support good-paying jobs.”

The four tax writers specifically request that JCT do a thorough analysis of any tax reform bill that gets rolled out, to see how it affects different sectors of the economy.

Both Finance Chairman Max BaucusMax Sieben BaucusClients’ Cohen ties become PR liability Green Party puts Dem seat at risk in Montana Business groups worried about Trump's China tariffs plan MORE (D-Mont.) and House Ways and Means Chairman Dave Camp (R-Mich.) have said that they’re pressing ahead with their efforts on tax reform, with Camp still insisting his panel will mark up a bill this year.

But the two also have to bridge deep divides between the parties, including over whether a rewritten code should raise more revenue, that has left many on and off Capitol Hill skeptical that they can complete legislation before the end of the current Congress.