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. Once again, the up and comers are the ones that are transforming things that make it competitive. If you only allow the big boys, we will fall behind. (21:51–22:00)
CLAIM
Asserts that the last tax bill changed R&D deductions to a five-year depreciation, which small businesses cannot afford.
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.
