Staring in 2022, a provision in the 2017 Tax Cuts and Jobs Act will require companies to start amortizing their R&D investments over five years instead of expensing them in the same year they incur the costs. Congress should repeal the rule before it takes effect. Otherwise, companies will do less research in the United States, jobs will be lost, and U.S. competitiveness will suffer.
Science and R&D
May 2, 2022
Fact of the Week: The World’s Largest Publicly Funded Applied Research Organization Contributes 1.6 Percent Annually to the German Economy
The German Fraunhofer-Gesellschaft produces investment effects of €15.2 billion, creating 437,000 jobs; it increases government revenue by €14 billion; and the jobs created center in the motor vehicle, computer and electronics, machinery, chemical, and pharmaceutical industries.
March 29, 2022
ITIF hosted a panel discussion with leading experts on innovation policy, technology transfer, and business, who spoke to the practical implications of exercising federal “march-in” rights and why it would be a grave and ill-timed mistake for the U.S. health, competitiveness, and research landscape.
March 24, 2022
When national governments take steps to help their own economies, they can end up helping other economies, too. Sometimes that result is a win-win. But all too often the result is beneficial for a nation’s direct competitors in the fierce race for global advantage in key, innovation-based industries.
March 17, 2022
Watch ITIF and an expert panel featuring key policymakers and leading analysts who discussed how to bring House and Senate versions of competitiveness legislation across the finish line in a form that will be a winner for U.S. workers and the economy.
January 28, 2022
We are a critical pivot point in the nation’s history where we have to choose—to maintain a lead over what could very likely be America’s greatest economic, military, and national security rival since the War of 1812, or to focus instead of social policy. A bill with the title of America COMPETES should focus on the former.
January 24, 2022
Fact of the Week: A 1% Increase in Local Biomedical Research Publications Reduces a Community’s Related Mortality by 0.35%
By utilizing new data on medical research output and administrative death records, a recent study from the National Bureau of Economic Research (NBER) produces estimates on the causal link between biomedical research and health outcomes.
January 20, 2022
Now is the time to launch a new Manufacturing USA institute to support manufacturing research and manufacturing at scale in low Earth orbit (LEO), and build the space workforce of the future
January 18, 2022
Fact of the Week: Increasing the Number of Markets a Firm Enters by 10 Percent Boosts Its Share of Employment in R&D by 0.35 Percentage Points
Thanks to ICT innovations and new management practices, service-sector firms can more easily scale by establishing multiple businesses in different locations.
January 11, 2022
ITIF hosted a discussion of what a robust national strategic-industry policy should—and should not—entail.
November 29, 2021
Given the scale of value incurred due to innovation investment, policymakers should prioritize increasing government R&D expenditures and improving private incentives for innovation investment.