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Science and R&D

As nations engage in a race for global advantage in innovation, ITIF champions a new policy paradigm that ensures businesses and national economies can compete successfully by spurring public and private investment in foundational areas such as research, skills, and 21st century infrastructure. In the area of science and R&D policy, ITIF promotes public and private investment in research and development through public funding for research at national laboratories and universities, tax incentives to encourage business R&D, and policies to spur technology transfer from lab to market.


Why Congress Should Restore Full Expensing for Investments in Equipment and Research and Development

Why Congress Should Restore Full Expensing for Investments in Equipment and Research and Development

The tax law allowing firms to fully expense their research and development (R&D) costs expired at the end of 2021, and full expensing of equipment costs will begin phasing out in 2023. This decreases firms’ incentive to invest in these key drivers of economic growth and competitiveness. Congress should restore and make permanent full expensing for these investments.

More Publications and Events

April 2, 2024|Testimonies & Filings

Comments to Canada’s Department of Finance Regarding Scientific Research and Experimental Development Tax Incentives

By changing the tax credit to be quasi-incremental, unifying the rates between small and large businesses, and simplifying the filing process, the government will be able to incentivize private R&D spending more effectively.

February 9, 2024|Blogs

A Closer Look at US Private Sector R&D Spending in a Global Context

Congress should pass the Tax Relief for American Families and Workers Act to restore full R&D expensing to drive U.S productivity, growth, and global competitiveness.

December 18, 2023|Blogs

Canada’s Innovation Gap: A Warning Sign for Economic Prosperity and National Security

Canada’s levels of business R&D are far off the pace in technologically advanced, globally traded sectors of the economy.

December 7, 2023|Op-Eds & Contributed Articles

In the Next Framework, the EU Needs to Get Back to Economic Basics

With its misguided ‘missions’ and ‘bottom-up’ funding, Horizon Europe isn’t delivering the economic prosperity and industrial competitiveness Europe needs.

December 4, 2023|Podcasts

Podcast: Cultivating Innovation Ecosystems, With Jessica Corrigan

To flourish, innovation hubs need the right combination of talent, tech, funding, and market access.

November 26, 2023|Blogs

Fact of the Week: R&D Supports Increased Productivity of Turkish Firms By 10 Percent

A September 2023 working paper analyzed the relationship between R&D support and firm performance and found that when looking at productivity and output, R&D supports increased productivity by about 10 percent and value-added output by about 9 percent

August 28, 2023|Blogs

Fact of the Week: Acquisition of Start-Ups Helps Support Their R&D Activities

In a recent study, it was found that acquiring firms provide a supporting role for the R&D-intensive activities of the newly acquired start-ups by utilizing R&D tax credits.

July 24, 2023|Reports & Briefings

Innovation Wars: How China Is Gaining on the United States in Corporate R&D

China wants to displace the United States as the world’s leading innovation economy. Business R&D in advanced, traded-sector industries is a key indicator of its progress—and it is catching up rapidly. Congress and U.S. state governments should respond by boosting R&D tax incentives.

July 6, 2023|Testimonies & Filings

Comments to the National Science Foundation Regarding the Technology, Innovation, and Partnerships (TIP) Directorate

The National Science Foundation (NSF) requests input to inform the development of a roadmap for its newly-established Technology, Innovation, and Partnerships (TIP) Directorate, in accordance with the CHIPS and Science Act of 2022.

July 5, 2023|Blogs

Fact of the Week: Government R&D Appropriations Account for About One-Quarter of Business-Sector TFP Growth Since World War II

Government R&D accounted for about one-quarter, on average, of a business sector’s TFP growth since World War II.

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