Donald Trump unveiled several new manufacturing proposals at a rally in Savannah, Georgia, in an effort to sharpen his economic platform as Vice President Kamala Harris prepares a new policy rollout of her own.
Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally at Johnny Mercer Theatre in Savannah, Georgia, on Sept. 24, 2024.unveiled several new manufacturing proposals at a rally in Savannah, Georgia, on Tuesday, part of an effort to sharpen his economic platform as Vice President
Starting in 2022, businesses were no longer allowed to write off their R&D expenses the same year they incurred them. Instead, they have to amortize their R&D costs over five years and then write off that value, the effect of which is often to shrink the tax benefits.