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Why Congress Should Restore Immediate R&D Expensing for U.S. Businesses

How businesses expense R&D has changed. Here's why Congress needs to restore immediate R&D expensing. ....

United States , Thomasm Sullivan , Watsonm Mcleish , Natalie Kaddas , Watson Mcleish , Us Chamber Small Business Council , Us Chamber , Kaddas Enterprises , Small Business , American Innovation , Jobs Act , Tax Policy ,

Congress Has an Opportunity to Stop a Trio of Stealth Tax Increases on American Businesses—It Should Seize It

Fill me in: Congress has returned to Washington for its post-election lame duck session with a long to-do list of unfinished business.  To support the economy, which is likely to weaken through 2023, three tax changes vital to American businesses should be at the very top of their list:1. Research and Development: As of 2022, businesses must amortize or deduct ratably over a five- or 15-year period their research and development (R&D) expenses. If left unaddressed, this will raise the cost of innovation and slow economic growth going forward.Needed policy change before year-end: Congress should permanently restore the election for businesses to fully deduct their current-year R&D expenses. 2. Interest Deductibility: Also starting this year, the amount of interest expense that businesses can deduct is reduced. As of 2022, the deduction for business interest expense is limited to only 30% of earnings before interest and taxes (EBIT), instead of the traditional earnings ....

United States , Watson Mcleish , Watsonm Mcleish , Economic Policy Division , Us Chamber , Tax Cuts , Jobs Act , Vice President , Tax Policy , Chief Economist ,

Bayer to lobby on birth control access- POLITICO

In addition to working on issues related to access to contraceptives, Bayer will also lobby on drug pricing issues and Medicare coverage policies. ....

United States , White House , District Of Columbia , Barry Pavel , Mark Zuckerberg , Michael Fuchs , Rob Hanson , Keri Mcgill , Jamison Deangelis , Daniel Lippman , Watson Mcleish , Melanie Tiano , Erikka Knuti , Joe Sestakd Pa , Barbara Raimondo , Kelly Cooper , Mark Kresowik , Christopher Quinn , Sophie Vaughan , Cheryl Jaeger , Susan Hirschmann , Tammy Duckworth , Brian Mosteller , Ted Budd , Yvette Clarke , Karim Farishta ,

U.S. Chamber Adds New Leadership in Tax Policy and Information Technology Roles

For the Pursuit ....

Georgetown University Law Center , District Of Columbia , United States , Capitol Hill , Georgetown University , Watson Mcleish , Watsonm Mcleish , Revenue Service , Heinz College At Carnegie Mellon , College Board , Us Chamber , Treasury Department Office Of Tax , University Of North Carolina At Chapel Hill , International Tax Services , Tax Counsel For The Executives Institute , Ernst Young , National Tax Department , Chamber As Senior Vice , Senior Vice President , Tax Policy , Bill Jewell , Chief Information , Tax Counsel , Tax Executives Institute , Treasury Department , Internal Revenue ,