The National Association of Manufacturers, and the business community including the OMA, is appealing to Congress to repeal a recent tax change that makes R&D more costly to conduct in the U.S. Up until January 2022, a business in the U.S. could deduct 100% of its R&D expenses in the year during which those expenses occurred. A tax code change that took effect this year now requires businesses to spread those deductions over a period of years making investment in innovation more expensive to conduct. Read more from the NAM. 10/12/2022