At ETS, we are working hard to make a difference in the preservation and advancement of the Research and Development Tax Credit. The R&D Tax Credit is currently set to go to an amortization schedule starting in 2022.
This week our team at ETS lead by Executive Vice, Heidi Henderson will be meeting with several lawmakers today and tomorrow. Hopefully, we can make a great process with Congress in making them understand the loss of jobs that would occur and that would directly impact the US economy if we don’t get this issue fixed.
To learn more about this stance on the R&D Tax Credit changes, read the recent article attached by The Tax Foundation. Their conclusion as well the changes being made to the R&D Tax Credit will be terrible for the United States in terms of loss of high paying jobs.