It gives a newdeduction for U.S. manufacturing profits, but only tax lawyers and accountants will appreciate figuring out what qualifies as manufacturing and which profits are from it.
Thus were exposed not only the Snake River Potato Growers but the hard-cider producers of New York and Vermont (who were to be allowed to pay lower federal excise taxes) and the sheriffs of Mississippi, who were to be allowed a new tax deduction for business expenses.