Tax Policy Changes Dependent on Midterm Elections

10/07/2022

In Washington, D.C., congressional staff on both sides of the aisle are conceding that the tax policy outlook for the remainder of the year largely depends on results of the midterm elections. This insight from OMA Connections Partner RSM notes that two key concerns for manufacturers are the section 174 R&D tax amortization issue, and the new section 163(j) calculation for determining business expense deductions. 10/5/2022

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