'These tax breaks are nothing but corporate handouts,' SenWarren and RepDeluzio assert in a letter to the CEOs of four military-industrial complex giants seeking answers to how much they'd gain if Trump-era tax cuts are extended.
A pair of Democratic U.S. lawmakers on Wednesday sent a
One of those provisions, the so-called research and experimentation deduction, would give the weapon-makers billions of dollars in retroactive tax breaks. "A revival of the R&E tax break would add to the billions in savings your companies have already received from the 2017 Trump tax cuts, but it is far from clear if that is the best use of taxpayer dollars," the lawmakers continued.
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