The U.S. government just passed a bill (dubbed "OBBB") that brings back immediate tax deductions for research and development (R&D) expenses—a big win for American companies investing in innovation. This reverses a recent rule that forced businesses to spread out R&D costs over years, which many argued stifled growth.

Editor’s Note: For startups and tech firms, this is huge. The old rule made R&D pricier upfront, discouraging bold bets on new ideas. Now, companies can write off those costs right away, freeing up cash to hire, experiment, or scale. It’s a policy shift that could fuel more homegrown breakthroughs—or at least ease the financial squeeze on innovators.