House Ways & Means Committee Chairman Smith: Trump Tax Cuts Give America the Cutting Edge Against Communist China
December 20, 2024
December 20, 2024
WASHINGTON, Dec. 20 -- Rep. Jason Smith, R-Missouri, chairman of the House Ways and Means Committee, issued the following news release:
The United States is mired in a research and development (R&D) "recession" made worse by the expiration of the Trump tax cuts. Due to the expiration of immediate R&D expensing, domestic R&D investment shrunk in 2023. Immediate expensing not only helps American innovators discover the next game changing idea, but it ensures that . . .
The United States is mired in a research and development (R&D) "recession" made worse by the expiration of the Trump tax cuts. Due to the expiration of immediate R&D expensing, domestic R&D investment shrunk in 2023. Immediate expensing not only helps American innovators discover the next game changing idea, but it ensures that . . .