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Tech Industry Warns US Investment Pledges Hinge on Research Tax Break
An anonymous reader shares a report: Major tech companies lobbying to salvage a tax deduction for research and development are warning they may pull back from high-profile pledges of new US investments if Congress doesn't fully reinstate the break.
Big tech companies have pledged more than $1.6 trillion in investments in the US since Donald Trump took office, promising to build factories and data centers in alignment with Trump's push to build in America. But industry representatives are signaling those promises will be imperiled if Congress doesn't fully reinstate the R&D tax deduction, which was pared back to help offset the massive cost of President Donald Trump's 2017 bill. At the time, it was estimated that limiting the provision would temporarily raise about $120 billion from 2018 to 2027.
"A lot of those announcements are predicated on an expectation the administration and Congress will partner together on reinstating those R&D provisions," said Jason Oxman, president of the Information Technology Industry Council, a trade group that includes among its members Amazon, Apple, Anthropic, Alphabet, and IBM. Lobbyists representing tech companies that announced US investments have made similar claims to congressional aides and lawmakers, according to people familiar with the conversations.
Read more of this story at Slashdot.
Rarest of rare bird of prey 'that should not be here' spotted near Colchester
Native to Eastern Europe and Central Asia, red-footed falcons are extremely rare visitors to the UK and have been declared vulnerable.
Rarest of rare bird of prey 'that should not be here' spotted near Colchester
Native to Eastern Europe and Central Asia, red-footed falcons are extremely rare visitors to the UK and have been declared vulnerable.
Witham man hailed a hero after saving sailor's life on Mersea island
A man from Essex has been awarded a Chief Constable’s Commendation after he heroically saved a sailor who fell into the water off Mersea Island.
The Only Way Is Essex star Jess Wright says she had ‘debilitating’ postnatal depression
She has opened up in a new BBC documentary
Laurence Fox will appear in court next week 'after encouraging people on social media to vandalise ULEZ cameras in London'
The former actor turned online provocateur and failed politician has been charged with intentionally encouraging or assisting the commission of an offence.
I'm a super fit grandmother at 55 and having the best sex of my life with my toyboy boyfriend who's 20 years younger than me
Andréa Sunshine, as she's known online, who is from Brazil, met her new partner Federico, 35, after moving to Rome, Italy, just two weeks ago - and since then, the pair have been inseparable.
Royal Navy warship tracks Russian submarine and ships passing through English Channel as armed forces minister warns of Kremlin 'threat' to UK
HMS Tyne was deployed as part of a NATO operation to shadow Russia 's submarine Krasnodar as it surfaced back to the country from the Mediterranean.
How SeaWorld's reputation fell out of fashion - as Peter Andre faces furious backlash for visiting the once iconic aquatic theme park
Millions of visitors still swarm each year to see SeaWorld's performing whales and seals but the theme park firm's reputation has taken a dive of its own.
Arsenal legend Jens Lehmann's wife of 25 years confirms they're now DIVORCED after he attacked a neighbour's house with a chainsaw and was arrested for drink-driving
The couple have long lived separately, with Conny moving out of their villa in Starnberg before they officially called it quits. The stunning pad was put up for sale in January for €12.9million (£10.9m).
Pictured: The 'normal' mole on mother's arm that turned out to be deadliest skin cancer - she ignored it for 4 years
Jane Murray, 46, has warned of the deadly impact of seeking a natural tan - after she was forced to have a section of her arm removed as a result of killer skin cancer.
Queen Margrethe of Denmark, 85, remains in 'good spirits' following hospital admission and is expected to be discharged over the weekend, palace says
Queen Margrethe of Denmark remains in positive spirits following her hospitalisation and should be discharged in the coming days, the palace said.
Kylie's biggest nemesis? A 50-something woman old enough to be her mother... and she's determined to DESTROY star's relationship with Timothée Chalamet
The woman behind the online accounts with more than 59,000 followers across X and Instagram is Simone Cromer - a woman thought to be in her 50s, who is based in Los Angeles.
Christine Lampard admits she worries her children could be exposed to sexual content online and confesses it's 'extremely unsettling'
The Loose Women presenter, 46, shares two kids with her football legend husband Frank - Patricia, six, and Freddie, three - after marrying the former England captain in 2015.
Cosmetic treatment doctor took drink and drugs and drowned in bath after her boyfriend had a one-night stand with another woman, inquest hears
Dr Rielle Longhurst, 30, from Notting HIll, west London, is said to have been left devastated when the 'love of her life' Charlie Procter strayed during a trip to France, before she died in August 2024.
Princess Charlotte's close bond with the King: Charles 'has a very nice relationship with his granddaughter' and 'once wanted a daughter', claims royal expert
The King has a 'very nice relationship' with his granddaughter Princess Charlotte , a royal expert has suggested to U magazine PEOPLE.
Multiple blasts heard in Jammu City in India-controlled Kashmir - after Pakistan and Indian jets fought 'largest dogfight' in recent history
Multiple blasts were heard in Jammu city in Indian Kashmir for the second day on Friday, and projectiles seen in the night sky after a blackout.
Martin Lewis issues 'PAO' warning to all holidaymakers
Speaking on the Martin Lewis Podcast, the broadcaster offered a tip that could save holidaymakers health - and future health - this summer.
Inside the tropical Hua Hin lovenest of army major Graeme Davidson accused of murdering his wife in Queensland kayak 'drowning' - where their SON is now hiding out with his father's new young Thai bride
Hamish Davidson has come down from his home in Bangkok to stay with Pick Pattraporn at the coastal resort of Hua Hin while his father Graeme languishes in an Australian prison cell.