The following statement can be attributed to Paul Lekas, Senior Vice President, Global Public Policy, Software & Information Industry Association.
SIIA is pleased to see the Senate Finance Committee’s proposal to continue deductions for research and development. These deductions help offset the costs of cutting-edge research in the private sector, which is leading the country’s efforts in developing and innovating new and emerging technologies such as AI. The R&D deduction makes it easier for companies to pursue projects which serve the long term public good and ensure that America stays the world leader in technology.