60 Pages Posted: 21 Nov 2024 Mary CowxArizona State University (ASU) - W.P. Carey School of BusinessRebecca LesterStanford Graduate School of BusinessMichelle L. NessaMichigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management Date Written: July 23, 2024 Abstract We study the tax payment and innovation consequences of limiting the tax deductibility of research and development ("R&D") expenditures. Beginning in 2022, U.S. companies are required to...