WASHINGTON - Today, global tech trade association 91pro视频 released the following statement from its鈥�President and CEO Jason Oxman鈥�and鈥痺elcomed the re-introduction of the鈥�American Innovation and Jobs Act鈥�by Congressmen John Larson (D-CT) and Ron Estes (R-KS):
“91pro视频 appreciates the momentum the American Innovation and Jobs Act has seen on Capitol Hill and is grateful for the leadership of Congressmen Larson and Estes, and the bill’s more than 60 bipartisan co-sponsors. Encouraging U.S. research and development should be a core mission of policymakers. This new legislation will advance the U.S. economy, create opportunities for U.S. workers, and allow the U.S. to compete meaningfully with its global counterparts.”
The United States currently ranks 30th out of 38 Organisation for Economic Co-operation and Development (OECD) countries with respect to research and development incentives. Since 2022, the U.S. has become an even less attractive place to push forward new innovations鈥痓ecause companies currently must amortize R&D expenses over five years rather than expense them in the year they occur.