

Washington’s Amazing Budget Trick for R&D Tax Credit Expensing
Some politicians in Washington, D.C. have devised a new budget-balancing trick: proposing that companies wait four years before amortizing their research and development costs over five years. And it has bipartisan support. It’s not exactly three-card monte, but it’s a pretty impressive piece of fiscal sleight-of-hand. Here’s the game in a nutshell: First of all,