Reported about 12 hours ago
Major tech companies are warning that their commitments to invest over $1.6 trillion in the US may be jeopardized unless Congress restores a crucial tax deduction for research and development, which was diminished in 2017. Industry leaders have stated that these investments rely heavily on the expectation of reinstating full R&D benefits, which are essential for maintaining technological innovation and competitiveness in the US. Recent lobbying efforts, fueled by interest in artificial intelligence, suggest a growing bipartisan push to fully restore these tax provisions.
Source: YAHOO