Fifteen senators including the most endangered Democrats up for reelection in November are urging congressional leaders to include a bigger tax break for research and development and small-business incentives in any upcoming legislative package, days before the chamber may vote on a massive omnibus spending bill.
Sen. Maggie Hassan, D-N.H., and Todd Young, R-Ind., led a bipartisan letter Friday saying that unless Congress quickly restores full and immediate R&D expensing, American jobs and investment are at risk.
The call comes as policymakers are aiming to pass an omnibus spending package for fiscal 2022 before a March 11 government funding deadline. That package is likely to be the quickest vehicle to enact changes, given even popular tax efforts are difficult to move on their own.
