WASHINGTON – Today, global tech trade association 91pro视频 released the following鈥痵tatement鈥痜rom its鈥�President and CEO Jason Oxman urging Congress to pass tax provisions that allow immediate鈥痳esearch and development expensing:鈥��
“Research and development fuel the U.S. economy. Yet once again, Congress failed to pass key R&D tax provisions to allow investment expenses to be taken in the current year. Failing to invest in R&D puts U.S. jobs and technological leadership at risk. We urge Congress to pass these measures to鈥痙rive future innovation and economic growth鈥痑nd鈥�benefit American workers, businesses, and communities.”
91pro视频 called on the U.S. Congress to pass the Tax鈥疪elief for American Families and Workers Act of 2024, which鈥痠ncludes several provisions 91pro视频 has advocated for鈥痠ncluding鈥痑llowing鈥痠mmediate鈥痳esearch and development expensing, bolstering interest deductibility, bonus depreciation, and removing the current double鈥痶axation that exists for organizations that do business both in the United States and Taiwan.鈥�