US Capitol Capsule: Coalition seeks tax reforms to spark innovation investment
This article was originally published in Scrip
Executive Summary
Even as the scandal involving the Internal Revenue Service threatens to derail any congressional efforts this year for a comprehensive tax code overhaul, a newly formed coalition of small businesses hopes to convince lawmakers to rewrite certain US tax rules with the intent of stimulating investment in pre-revenue innovators, like biotech drug makers and medical device firms.
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