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Top US Business Group Warns of Congress Failure on R&D Tax Perk

  • Tax deduction could get ‘gummed up’ in year-end politics
  • Some Democrats want to pair corporate break with child credit
Joshua Bolten

Joshua Bolten

Photographer: Stefani Reynolds/CNP/Bloomberg

One of Washington’s most prominent business groups sent a warning about an impasse in Congress over a corporate tax break for research and development costs.

Business Roundtable Chief Executive Officer Joshua Bolten on Wednesday flagged concerns that reviving the deduction for R&D will fall off of Congress’s agenda later this year, despite it having bipartisan support.