Manufacturing is an industry built on innovation—but with a recent change in tax law, manufacturers are encountering a new and major obstacle to the critical research and development investments they need to make in order to compete at home and around the world. The background: Up until January 2022, a business could deduct 100% of their R&D expenses in the same year those expenses were incurred.
Original source: https://www.nam.org/why-policymakers-should-support-not-hinder-rd-19285/