U.S. Senator Marco Rubio (R-FL) released a statement on his nomination by President-elect Donald J. Trump to serve as the United States Secretary of State. “Leading the U.S. Department of State is a tremendous responsibility, and I am honored by the trust President...
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ICYMI: Rubio Joins The World Over With Raymond Arroyo
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Inauguration Ticket Information
Senator Rubio's office is pleased to be issuing a limited number of tickets to President-elect Donald Trump's inauguration ceremony, which will occur on January 20, 2025 at the West Front of the U.S. Capitol. Floridians interested in receiving tickets should fill out...
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Rubio: El Partido Republicano es Ahora una Coalición tanto Multiétnica como Multirracial Compuesta por Estadounidenses que Aman a su País
U.S. Senator Marco Rubio (R-FL) released a statement on the historic victory of Donald Trump and Republicans in the 2024 election. “America is undergoing a huge realignment, and the Republican Party is now a multi-ethnic, multi-racial coalition of hard-working...
Rubio Joins Bipartisan Push To Expand R&D Tax Credit For Startups And Preserve Full R&D Expensing
Washington D.C. — U.S. Senator Marco Rubio (R-FL) joined Senators Maggie Hassan (D-NH) and Todd Young (R-IN), and bipartisan colleagues in urging Senate leadership to prioritize expansion of the Research & Development (R&D) tax credit and ensure that businesses can fully deduct their R&D investments each year.
“We write to urge you to support U.S. economic competitiveness and innovation in any upcoming legislative package by expanding the research and development tax credit for small businesses and preserving full and immediate expensing for R&D investments,” the senators wrote.
“Unless Congress acts quickly to restore full and immediate expensing for R&D, this change will jeopardize high-paying American jobs and constrain domestic investment in strategically critical technologies,” the senators continued.
Click here to see a full list of cosponsors.
El texto de la carta en inglés está aquí. .
Dear Leader Schumer and Leader McConnell:
We write to urge you to support U.S. economic competitiveness and innovation in any upcoming legislative package by expanding the research and development tax credit for small businesses and preserving full and immediate expensing for R&D investments.
Starting this year, innovative U.S. companies lost the ability to immediately write-off the full value of their investments in R&D. Unless Congress acts quickly to restore full and immediate expensing for R&D, this change will jeopardize high-paying American jobs and constrain domestic investment in strategically critical technologies. It is also crucial that Congress further promote U.S. competitiveness by strengthening the R&D tax credit claimed by innovative startups and small businesses across the country.
In August 2021, the Senate passed an amendment by voice vote to expand the R&D tax credit for small businesses and to preserve full and immediate R&D write-offs for U.S. innovators. We urge you to include similar provisions in any upcoming legislative package considered by Congress. Thank you for your attention to this important issue.