American Innovation Suffocated by Congress

The decline of U.S. innovation despite once leading in manufacturing is stark. The issue stems from misguided tax policies. Congress forces R&D costs to amortize over five years, stifling business innovation, especially for smaller manufacturers. China's aggressive policies make America look outdated in semiconductors and clean energy sectors. To reclaim global leadership, restore full R&D expensing and expand credits to startups. There's a dire need for these tax modifications to fuel innovation, akin to how Edison and Ford transformed industries—a change vital for U.S. economic resilience.