Sens. Chris Coons, D-Delaware, and Pat Roberts, R-Kansas, this week introduced the Invent and Manufacture in America Act, which provides a tax cut for companies that not only conduct research and development in the U.S. but also manufacture products resulting from this R&D in America.
Scientific and technological innovation accounts for nearly 50 percent of economic growth in the U.S. Despite this, R&D investments that drive innovation have remained relatively stagnant for more than a decade, increasing at a pace of 1.6 percent annually since 2000.
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