Bipartisan push on R&D tax break looks likely to flop, analysts say

Argentina Noticias Noticias

Bipartisan push on R&D tax break looks likely to flop, analysts say
Argentina Últimas Noticias,Argentina Titulares
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 97%

While companies are lobbying Congress to bring back immediate tax deductions for research-and-development costs, analysts are sounding downbeat on the prospects for that issue in any year-end tax package.

Starting this year, corporations have been required to write off domestic R&D expenses over five years rather than deduct them right away, with the shift due to a provision in Republicans’ 2017 tax overhaul.

But companies focused on the R&D issue are likely to be disappointed at year’s end, according to Tobin Marcus, senior U.S. policy and politics strategist at Evercore ISI. “I’m fairly skeptical that any of it is going to happen, but I think that the most likely way for something to happen is for Democrats to basically back down on the CTC thing and take a clean bipartisan extension of R&D, but I don’t really see much appetite to do that on the Democratic side, which is why I think the deal probably just falls apart,” he added.

Still, CTC advocates have been sounding hopeful, with one of them telling MarketWatch last month that a tax credit for business is “the engine,” and lawmakers “need to make sure the train doesn’t leave without working families on board.” “With inflation surging and debt approaching record levels, policymakers should avoid passing costly end-of-year policy changes,” the watchdog group added.

The Trump administration pushed for this beefed-up tax break in late 2020, saying it would help restaurants hurt by the COVID-19 pandemic, while critics derided it as the “three-martini lunch” deduction.“The environment isn’t there for for renewing that for business meals and entertainment,” he said.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

MarketWatch /  🏆 3. in US

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Bipartisan band of brothers: The West Point grads coming to CongressBipartisan band of brothers: The West Point grads coming to CongressCross-aisle bonds between Rep. Pat Ryan (D-N.Y.), Rep.-elect John James (R-Mich.) and Rep.-elect Wesley Hunt (R-Texas) were forged in the same class at the storied military academy.
Leer más »

9 Democrats and 8 Republicans form bipartisan majority in Alaska Senate9 Democrats and 8 Republicans form bipartisan majority in Alaska SenateAll nine Democrats and eight of the 11 Republicans elected to the Alaska Senate said that they're forming a bipartisan majority coalition to be led by Gary Stevens, R-Kodiak, as Senate president.
Leer más »

Congress Has One Last Chance to Turn the Tide of the Overdose CrisisCongress Has One Last Chance to Turn the Tide of the Overdose CrisisDoctors urge the Senate to vote on bipartisan legislation that would expand access to lifesaving buprenorphine.
Leer más »

Senators aim to pass child privacy bills in lame-duck sessionSenators aim to pass child privacy bills in lame-duck sessionA bipartisan group of senators is pushing for the passage of stricter protections for children's private data during the lame-duck session of Congress.
Leer más »

New Congress will feature few leadership roles for TexansNew Congress will feature few leadership roles for TexansTexas is underrepresented in leadership, which critics say is thanks to anti-establishment members replacing retiring legislators.
Leer más »

NY Attorney General Urges Congress to Ban Crypto in Retirement Accounts – Regulation Bitcoin NewsNY Attorney General Urges Congress to Ban Crypto in Retirement Accounts – Regulation Bitcoin NewsNew York Attorney General LetitiaJames has urged Congress to pass a law prohibiting crypto investments in retirement accounts. cryptocurrency
Leer más »



Render Time: 2025-04-26 09:40:10