Rubio Joins Bipartisan Push To Expand R&D Tax Credit For Startups And Preserve Full R&D Expensing

Press Release

U.S. Senator Marco Rubio (R-FL) joined Senators Maggie Hassan (D-NH) and Todd Young (R-IN), and bipartisan colleagues in urging Senate leadership to prioritize expansion of the Research & Development (R&D) tax credit and ensure that businesses can fully deduct their R&D investments each year.

"We write to urge you to support U.S. economic competitiveness and innovation in any upcoming legislative package by expanding the research and development tax credit for small businesses and preserving full and immediate expensing for R&D investments," the senators wrote.

"Unless Congress acts quickly to restore full and immediate expensing for R&D, this change will jeopardize high-paying American jobs and constrain domestic investment in strategically critical technologies," the senators continued.

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