alliantgroup Applauds Bipartisan Tax Bill Introduced by Representatives Mike Kelly and Ron Kind

HOUSTON, July 3, 2017 /PRNewswire/ -- alliantgroup would like to applaud U.S. Representatives Mike Kelly (R-PA) and Ron Kind (D-WI) for the introduction of the Invent and Manufacture in America Act in the House of Representatives. This legislation is a House companion bill to the Senate version that was released last month by U.S. Senators Chris Coons (D-DE) and Pat Roberts (R-KS). If signed into law, this bipartisan tax bill would provide a tax cut for companies that conduct research and development in the U.S. and also domestically manufacture products resulting from this R&D.

Scientific and technological innovation accounts for nearly 50 percent of economic growth in the United States. However, investment in R&D has remained stagnant for more than a decade in the U.S., increasing at a pace of only 1.6 percent annually since 2000. Further complicating the nation's growth potential has been the ongoing offshoring of manufacturing operations, which has separated manufacturing facilities from where R&D is conducted. According to numbers released by the office of Senator Coons, companies are twice as productive in their R&D efforts when operations are co-located with a manufacturing facility, meaning it is in the nation's economic interest to bring domestic R&D and manufacturing together to stimulate job creation and growth.

"The introduction of this legislation in both the House and Senate is a clear sign that our elected officials are focused on revitalizing American manufacturing and innovation," said alliantgroup National Managing Director and former Senior Counsel to the U.S. Senate Finance Committee Dean Zerbe. "This is excellent news for American businesses and business owners."

"I applaud the bipartisan efforts of Representatives Kelly and Kind, as well as Senators Coons and Roberts," said alliantgroup CEO Dhaval Jadav. "This legislation would go a long way in reenergizing the manufacturing sector and in bringing high-paying manufacturing jobs back to the U.S."

alliantgroup's mission is one of education and awareness—we exist to help industry organizations, U.S. businesses and the CPA firms that advise them properly identify, claim and take full advantage of all available federal and state tax incentives. Our government has legislated these powerful incentive programs to keep high-paying technical jobs in the U.S. and to help businesses grow and successfully compete both domestically and internationally. We are proud to have helped over 20,000 businesses claim more than $5 billion in tax incentives. alliantgroup's headquarters is in Houston, Texas, with offices across the country including New York, Boston, Chicago, Orange County, Sacramento, Orlando, Indianapolis and Washington, D.C. For more information on our services, please follow alliantgroup on LinkedIn, Facebook and Twitter.

Media Contact:
David Rosen
alliantgroup
713-350-3167
[email protected]

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