Empower Innovation: Urge Congress to Restore R&D Tax Deductions!
RESTORE SAME-YEAR R&D EXPENSING TO BOOST INNOVATION AND JOBS
Since 2022, Section 174 has forced U.S. businesses to amortize R&D expenses over five years, causing financial strain on startups and small firms. This “phantom-income” rule can lead to taxes even when profits are flat, contributing to layoffs and hiring freezes. Meanwhile, countries like China offer generous R&D incentives, leaving American innovation at a disadvantage. We need change. Urge your legislator to support the American Innovation and R&D Competitiveness Act (H.R. 1990) to restore same-year deductibility, ensuring U.S. competitiveness.
Send a letter now and help safeguard our economic future.
Send a letter now and help safeguard our economic future.
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