Trelysa Long
Trelysa Long is a policy analyst for ITIF, with a focus on economic theory. She was previously an economic policy intern with the U.S. Chamber of Commerce. She earned her bachelor’s degree in economics and political science from the University of California, Irvine.
Recent Publications
R&D Investment Is Slipping: Bring Back Full R&D Expensing
The tax provision allowing firms to fully expense their R&D costs in the year of investment expired, decreasing the incentive to invest in this key driver of economic growth and competitiveness. Congress should pass the American Innovation and R&D Competitiveness Act of 2025 to restore the immediate deductibility of R&D expenses.
Fact of the Week: Banning M&A Activity Reduces GDP 15 percent, and Reducing Product Market Competition Lowers Overall Output 10 percent
A recent working paper finds that management quality plays a pivotal role in determining whether firms expand, contract, acquire, or shut down.
Short-Circuited: How Semiconductor Tariffs Would Harm the U.S. Economy and Digital Industry Leadership
Imposing blanket tariffs on U.S. semiconductor imports would imperil U.S. leadership across a broad range of digital and nondigital industries while significantly decreasing U.S. economic growth, raising prices, and jeopardizing broader U.S. manufacturing competitiveness.
Forget the Average—It’s the Top Students Who Drive National Innovation Progress
When it comes to a nation’s innovation and global competitiveness, what truly matters is how the top students perform, since they will play a disproportionate role in shaping the nation’s technological and economic edge. Policymakers should expand K-12 gifted and talented programs and provide high school students with more advanced and honors classes.
Long Job Tenures Could Slow National Innovation
Innovation can stagnate when workers remain in the same positions for extended periods. Policymakers should invest in reducing labor market barriers (e.g., hiring barriers) and workforce training while creating targeted safety nets to balance flexibility with security.
How R&D Keeps Businesses Alive and Economies Growing
Nations with businesses that spend more on R&D experience fewer firm closures. As such, policymakers should incentivize domestic businesses to invest more in R&D if they want to see industries succeed and grow, boosting the overall economy.
Why University Research Is Crucial to US Competitiveness
The higher education sector remains the leader in R&D investments for basic research. If the United States wants to stay ahead of China, it must invest more, not less, in basic and applied research to build the foundational knowledge needed for innovation.
China Is Catching Up in R&D—And May Have Already Pulled Ahead
China is rapidly overtaking the U.S. in production across many advanced industries. If the United States wants to remain competitive and keep its market share in these industries, it must act now to incentivize R&D investment.
AI Is Powering the US Economy, But Who’s Powering AI?
Policymakers should make it easier for foreign AI researchers with master’s degrees and beyond to work in the United States.
Innovative Resources Moving to Large Firms Likely Isn’t the Reason for Slowed Productivity Growth
Policymakers should not attempt to reallocate innovative resources from large to small firms. Instead, Congress should pass the Tax Relief for American Families and Workers Act of 2024 and expand the R&D tax credit. These measures will incentivize firms of all sizes to continue investing in productivity-enhancing and socially valuable R&D.
The Trade Imbalance Index: Where the Trump Administration Should Take Action to Address Trade Distortions
As the Trump administration seeks to rebalance America’s trade relationships, it should focus the most attention on countries where U.S. industries face the worst trade distortions and imbalances, and where the greatest gains can be achieved for the U.S. economy. China, India, and the European Union top that list.
Why US Trade Policy Needs to Prioritize Advanced Industries for Global Competitiveness
The new administration and policymakers should target the U.S.-China trade deficit by increasing exports of advanced industry products and reducing imports of these products from Chinese firms.