Tech Allies Push For Virus Bill To Prolong Full R&D Expensing
Phil, who previously served on the Ways and Means Committee during his time representing Western Pennsylvania’s 3rd District in the U.S. House of Representatives, predicted that the plan to attach a proposal for permanent full expensing of R&D costs to COVID-19 relief legislation is likely to be attractive to both parties of the House. As he told reporters, “We are counting on private-sector innovation and domestic manufacturing to reposition us to deal with the pandemic. The same companies that are out front with this crisis response are the ones who are disadvantaged because of R&D amortization.”
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