On the recordMay 4, 2022
Mr. President, I thank my colleague from New Hampshire. This bill is about maintaining our competitiveness with China. We cannot compete with China without robust domestic R&D. A company investing $100 in R&D in China this year will get a $200 deduction. In America, that company investing $100 would only get to deduct $10 this year. We must not lose out on innovation and production to China. I ask my colleagues to support this motion and support domestic R&D. Every day we wait is another day we fall behind. The PRESIDING OFFICER. The Senator from Vermont.
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