To allow R and D, for example, the tax bill, this big beautiful tax bill if you will, to lock in corporate tax rates so it's not anti competitive, so businesses can not be hamstrung by taxation. That R and D research, which is the bigger part of AI, we'd all agree, whether you talk about quantum or AI incorporation or whatever you're trying to develop every year you're supposed to be able to deduct your R and D. Well, that just expired with the last tax bill that you're basically going to defer to a five year depreciation which a small business cannot afford. (21:39–21:51)
CLAIM
Asserts that R&D research is a significant part of AI and should be deductible annually.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
