ITI: Senate Finance Reconciliation Text Will Enhance U.S. Tech Competitiveness
WASHINGTON – Today, global tech trade association ITI released the following statement from its President and CEO Jason Oxman following the release of the U.S. Senate Finance Committee’s budget reconciliation text, which includes several pro-growth tax provisions.
“We’re pleased to see the U.S. Senate build off the House-passed reconciliation package with strong language that will cement the United States’ position as the world’s leader in technology, boost the U.S. semiconductor ecosystem, and bolster the international tax regime. We appreciate lawmakers heeding industry’s call to action and creating a permanent extension for restoring research and development (R&D) expensing that will keep AI innovation on U.S. soil, enable U.S. companies to invest in America and create high-skilled jobs, and make the U.S. more competitive. We look forward to working with Members of Congress to get this legislation over the finish line and onto President Trump’s desk for signature.”