Articles from Around the Web

"Returning to R&D expensing—by which investments are written off immediately—makes sense. Virtually every single country around the world allows companies to deduct the full cost of R&D—and many subsidize it heavily. China, among other countries, does so using a 'super-deduction,' allowing companies to deduct more than 100% of their R&D costs. In China, companies may deduct 175% of R&D expenses. The U.S. is the outlier; it punishes investment by not letting companies deduct even 100% of R&D costs."

"'It used to take five years to build something like the Hoover Dam,' he said. 'Now, it takes us, at least for any kind of sizable project today, at least four years for the permitting process, not the construction. And generally, it will take us nine months to construct.'"

"We can strengthen our energy grid and produce more power than ever before. But we can only accomplish this if Congress takes action to provide American researchers and developers a regulatory framework that makes room for fusion energy."

“'There’s no doubt, transition needs to (happen),' he told CNBC. 'At the same time we need... to build oil and gas, while at the same time [we] decarbonize oil and gas. We need support for alternatives. But at the same time, we need the support or the conventional sources of energy by building carbon capture and storage and giving incentives and support by policymakers.'"

"With a recession looming and high energy costs impacting consumers this winter, 2023 is poised to be a challenging year for American families and businesses. Congress can address these issues and protect Americans from future energy price shocks by implementing common-sense policies to accelerate energy innovation and bolster American economic competitiveness."