On the recordMarch 16, 2023
The 2017 Tax Cuts and Jobs Act requires that R&D costs be capitalized and amortized over 5 years for domestic costs.
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Benjamin L. Cardin
Source
congress.govThe 2017 Tax Cuts and Jobs Act requires that R&D costs be capitalized and amortized over 5 years for domestic costs.
Cardin highlights the negative impact of the TCJA on small businesses' R&D expenses.
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Senator Cardin, I thank you for your leadership in championing the Global Magnitsky Act.
You have found the Achilles hill of the Putin regime. They rape, torture and kill with impunity and keep their ill-gotten gains in the West.
why do we not widen this piece of legislation out so it includes all human rights abusers in Russia?
I introduced the Sergei Magnitsky Rule of Law Accountability Act as a way of saying that we will hold abusers accountable even if their own country does not.