The real kicker to this entire discussion is this: In a time where America is ostensibly gearing up for peer competition with China and working to onshore manufacturing and development, we are strongly disincentivizing domestic innovation by aggressively taxing R&D while China strongly incentivizes innovation with a 150% bonus deduction for R&D expenses[1].

Wish us luck, because we’re going to need it.

[1] https://www2.deloitte.com/content/dam/Deloitte/us/Documents/...