Business Roundtable: Bipartisan Tax Deal Would Bolster U.S. Innovation and Create More American Jobs

January 16, 2024

Washington - Business Roundtable CEO Joshua Bolten today released a statement after the Chairs of the congressional tax-writing committees released the framework for the Tax Relief for American Families and Workers Act: 

“Business Roundtable strongly supports the bipartisan deal to restore three vital pro-growth tax policies that have expired or are being phased out. Reviving immediate research and development expensing, full expensing for purchases of equipment, machinery and technology, and a more sensible business interest deduction would increase domestic investment, bolster U.S. innovation and create American jobs.
“All three of these tax policies have a long history of bipartisan support and are critical to strengthening America’s global competitiveness. We thank Chairman Smith and Chairman Wyden for leading the effort to renew these commonsense provisions and urge Members of Congress to swiftly pass this measure.”