"How it used to work: If a company had $1.5 million in revenue and $1 million in expenses (let's say it was entirely domestic R&D), it would pay taxes on its $500,000 profit.
How it works now: In the same example, the company would have to amortize the $1 million in expenses over five years, so it would deduct only $200,000 (one fifth) and would pay taxes on $1.3 million in profit."
Our nation has long looked to innovators to carry breakthroughs forward. Our innovators now look to Congress to ensure we don’t backslide on them.
Reducing financial barriers to investment, as the American Infrastructure Bond Act intends to do, is a win for consumers and industry.
Leaders encourage Congress to defend market-informed investment decisions
Expensing is a truly win-win policy and the longer it remains lapsed, the more the American economy, U.S. competitiveness, and the environment suffer.
"The rollout of major export restrictions for graphite, gallium, germanium, rare earth extraction, and separation technologies in less than one year should be a powerful signal to U.S. policymakers that although they are late to the critical minerals game, there is a significant need to both build domestic capabilities and leverage international cooperation to facilitate rapid sourcing and developing of processing capacity."
"The tankers of cheap gas loaded along the Gulf Coast aren’t allowed to deliver to Everett or anywhere else in the U.S. due to the Jones Act, a 1920 law meant to preserve the domestic shipbuilding industry that restricts domestic shipping routes to U.S.-built and American-crewed vessels."
Rather than increasing costs for clean technologies and adding artificial barriers for emerging markets to access industrialized ones, leaders should turn to free trade to meet the world’s economic, energy, and climate needs.
"Louisiana will be able to issue permits for wells that store carbon dioxide, a critical component of carbon capture and removal technology. In all but two other states, the Environmental Protection Agency is responsible for permitting. Proponents of the change say it will speed up approvals of new projects that are critical for reducing climate-warming greenhouse gas emissions."
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