Science and R&D

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
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June 17, 2021
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
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
Research funding for universities seems to play a unique role in promoting the acceleration of local entrepreneurial ecosystems.
May 28, 2021
As recently as the mid-1990s, the United States maintained the most generous R&D tax incentive in the world. As scholarly studies have shown, that helped America stay ahead of its competitors by boosting R&D investment, innovation, jobs, and GDP growth. Fast forward to today, and it’s a very different picture.
May 17, 2021
While not statistically significant, this is suggestive of greater innovation impact.
May 17, 2021
Throughout modern history, public financing has made possible some of the most important and impactful innovations society has enjoyed—from refrigeration to the Internet—and the spillover benefits have been incalculable.
April 26, 2021
Funding for federal laboratories is critical to accomplish key national missions. But policymakers have realized it also drives technology commercialization.
April 20, 2021
ITIF hosted an expert panel discussion to explore the economic, health, and social effects that may persist post-COVID.
April 12, 2021
The United States continues its relative fall in university research and development funding. To become the leader among OECD nations in government funding for university research as a share of GDP, investment would have to increase by $90 billion per year.
March 31, 2021
President Biden’s American Jobs Plan proposes many laudable and much-needed investments and programmatic improvements to America’s innovation system. But they will only succeed if they are part of a holistic approach that’s complemented by other equally necessary policies, such as investments in workforce training and STEM education, and maintaining robust IP protections.

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