>> "Since amortization took effect [ in 2022 thanks to a time-triggered portion of the Trump-era Tax Cuts and Jobs Act ("TCJA" 2017) ], the growth rate of R&D spending has slowed dramatically from 6.6 percent on average over the previous five years to less than one-half of 1 percent over the last 12 months," Estes said. "The [R&D] sector is down by more than 14,000 jobs"
Hopefully R&D spending at an average of 6.6% will again translate to real growth.
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[ 3.3 ms ] story [ 22.7 ms ] thread>> "Since amortization took effect [ in 2022 thanks to a time-triggered portion of the Trump-era Tax Cuts and Jobs Act ("TCJA" 2017) ], the growth rate of R&D spending has slowed dramatically from 6.6 percent on average over the previous five years to less than one-half of 1 percent over the last 12 months," Estes said. "The [R&D] sector is down by more than 14,000 jobs"
Hopefully R&D spending at an average of 6.6% will again translate to real growth.
As in zero chance that US Senate will pass this restoration of R in R&D tax exemption over 5-year amortization.
And it won't be across the partisan line (nor party-line-ish).
But it will be a fight between Hawk and Dove over debt issues.