With key speakers and policy experts on hand such as former U.S. Congressman Rick Lazio, former Senior Counsel to the U.S. Senate Finance Committee Dean Zerbe, former IRS Acting Commissioner Steven Miller and Private Equity and M&A Advisor Neeraj Mital, the roundtable focused on the broader economic challenges facing companies within the software and tech space, and policy proposals that would encourage greater productivity and broader prosperity within the industry.
Chief among the concerns of those in attendance was not only how to improve the U.S. labor force (particularly among workers in the science, technology, engineering and mathematics (STEM) fields), but policy proposals that would provide software and tech companies the means to hire such employees. In addition to immigration and education reform to address labor issues head-on, the roundtable policy experts favored tax policies that would encourage growth within the industry, such as the recent enhancements that were made to the Research and Development (R&D) Tax Credit this past December. With two key expansions made to the credit that are designed specifically for the benefit of the software and tech space, the panel advocated for similar tax policies in their support for this vital sector of the economy.
Contact us today for more information on the R&D Tax Credit and how it is set to pump additional value back into the software and tech industry.