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To encourage innovation, Congress should pass two bills protecting important R&D tax provision
April 18, 2021 /
Unless lawmakers act, businesses across the country will see a significant tax increase on this investment. According to the Tax Foundation, forcing businesses to amortize new R&D costs would be a tax hike of $100 to $120 billion over the next decade.
If allowed to go into effect, this tax hike will reduce new investments that help create jobs, raise wages, and make America globally competitive and innovative.
By Kip Eideberg and Alex Hendrie
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