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Judd Legum

@JuddLegum ↗

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Last Checked Dec. 7, 2022

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Mon Nov 21 18:52:37 +0000 2022

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Judd Legum @JuddLegum

4. There is little evidence that the R&D tax deduction meaningfully increases R&D spending or useful innovation. Rather, "[e]vidence suggests that a significant portion of increased R&D spending may be driven by reclassification of existing activity." https://t.co/muDzKztiA2 — PolitiTweet.org

Posted Nov. 21, 2022

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Judd Legum @JuddLegum

3. 178 companies, including @ATT, signed a letter to Congressional leaders warning of "grave harm" if the change to R&D deductions isn't repealed How much did AT&T pay in federal income taxes last year? NEGATIVE 4.1% https://t.co/muDzKztiA2 — PolitiTweet.org

Posted Nov. 21, 2022

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Judd Legum @JuddLegum

5. REMINDER: Congress let the expanded child tax credit, which lifted 3.7 million children out of poverty, BECAUSE IT WAS TOO EXPENSIVE You know who argued against extending the expanded CTC? Corporate America, through @USChamber https://t.co/muDzKztiA2 — PolitiTweet.org

Posted Nov. 21, 2022