Bloomberg Tax
Jan. 30, 2023, 9:46 AMUpdated: Jan. 30, 2023, 3:21 PM

Manufacturers’ Lobby Urges Tax Writers to Prioritize R&D Expensing (1)

Lauren Vella
Lauren Vella
Chris Cioffi
Chris Cioffi
Senior Reporter

The largest US manufacturing industry group called on leaders of Congress’ top tax-writing panels to “act without delay” and restore popular tax breaks in areas like research and development.

Aric Newhouse, the National Association of Manufacturers’ senior vice president of policy and government relations, named research and development expensing, interest deduction, and maintaining bonus depreciation as the group’s top legislative tax priorities in a letter sent Monday to House Ways and Means Committee Chairman Jason Smith (R-Mo.) and Senate Finance Committee Chairman Ron Wyden (D-Ore.).

“Manufacturers’ ability to create jobs in the United States, invest in communities and ...

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