alliantgroup Applauds Bipartisan Tax Bill

alliantgroup is applauding two U.S senators for introducing the Invent and Manufacture in America Act. If the law goes through, the work of Senator Chris Coons and Senator Pat Roberts would provide a tax cut for companies who conduct R&D in the U.S., who also domestically manufacture products resulting from the research.

“The new technologies, products and lower prices generated by investments in R&D create new jobs, raise wages and create new demand for goods and services. Our legislation would increase cash flow for small businesses and start-ups involved in R&D intensive activities by reducing past, current and future tax liabilities leading to permanent tax savings,” said Senator Roberts.

With R&D remaining stagnant for more than a decade, this new Manufacture in America Act would enhance the value of the R&D Tax Credit by close to 25%. Senator Coon went on to say, “The new technologies, products and lower prices generated by investments in R&D create new jobs, raise wages and create new demand for goods and services. Our legislation would increase cash flow for small businesses and start-ups involved in R&D intensive activities by reducing past, current and future tax liabilities leading to permanent tax savings.”  

CEO of alliantgroup Dhaval Jadav also commented saying, “This is, without a doubt, a major step in the right direction for our nation’s anti-outsourcing movement. I applaud the bipartisan efforts of Senators Coons and Roberts, who have both been longtime champions of the R&D Tax Credit and strong advocates for American businesses.”

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alliantgroup
alliantgroup’s mission is one of education and awareness—we exist to help industry organizations, businesses and the accounting firms that advise them take full advantage of all federal and state tax credits, incentives and deductions available. These powerful incentive programs are legislated by the government to help businesses grow and remain competitive locally as well as abroad. We are proud to have helped over 14,000 businesses claim more than $7 billion in tax incentives. alliantgroup’s international headquarters is in Houston, Texas, with offices across the country and internationally including New York, Boston, Chicago, Orange County, Sacramento, Indianapolis, Washington, D.C and London and Bristol in the U.K.