Science and R&D

The Case for Repealing the R&D Amortization Provision in the 2017 Tax Cuts and Jobs Act
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.
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Science and R&D
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October 21, 2021
The Augmented and Virtual Reality Policy Conference
Through a series of expert talks and panels, this half-day conference organized by the Information Technology and Innovation Foundation and the XR Association explored the role of policy in AR/VR innovation and identified priority areas for policymakers to consider as these technologies continue to expand.
September 27, 2021
Fact of the Week: Firms in Concentrated Industries Publish 3.5 Times More Research Than Firms in Competitive Industries
As industries become more concentrated, they maintain greater ability to secure returns to the scientific research they produce, while avoiding the disincentive to R&D created by many free-riding competitors.
September 20, 2021
Fact of the Week: Total AI-Related R&D Funding Between NIH and NSF Grew From $100 Million in 2001 to $1.6 Billion in 2019
This spike in both volume and share of AI-related R&D from government agencies illustrates a long-term commitment of countries like the United States to direct public investment toward AI innovation.
September 7, 2021
The Case for Repealing the R&D Amortization Provision in the 2017 Tax Cuts and Jobs Act
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.
September 7, 2021
Podcast: Inside U.S. Industrial Policy and Operation Warp Speed, With David Adler
Rob and Jackie sat down with David Adler, an adviser on industrial strategy at the Common Good Foundation in the United Kingdom and author of “Inside Operation Warp Speed: A New Model for Industrial Policy,” published in the summer issue of the American Affairs Journal, to discuss lessons we can draw from the success of Operation Warp Speed to strengthen U.S. industrial policy in the future.
September 7, 2021
Fact of the Week: When a Federal Agency Employs an Additional Contract Officer, It Increases the Likelihood That Its Contracted Investments Will Generate New Patents by 2 Percentage Points
This role retains significant discretion, and when it is performed effectively it supports the development of essential innovations in computers, robotics, the Internet, and other fields.
June 30, 2021
A “To Do” List for OSTP Director Eric Lander
Eric Lander—geneticist, mathematician, president and founding director of the Broad Institute— took the helm on June 2 as director of the Office of Science and Technology Policy (OSTP). He is the first biologist to serve as presidential science advisor and takes a seat in the cabinet. Inasmuch as the 21st century is on course to flower as the Age of Biology, this is a welcome, if overdue development.
June 17, 2021
Time for an “America First” Science and Technology Policy
Absent a major change in the orientation of foreign research funding – something that will not happen – it is time for Congress to put America first when it comes to science and tech policy.
June 17, 2021
Why the United States Needs a National Advanced Industry and Technology Agency
With the rise of China, the U.S. economic and technology environment has fundamentally and inexorably changed. The most important step Congress and the Biden administration can take to meet the challenge is to create a dedicated national advanced industry and technology agency.
June 1, 2021
Federal Funding of University Research Spurs Local Technology Entrepreneurship
Research funding for universities seems to play a unique role in promoting the acceleration of local entrepreneurial ecosystems.

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