Top US Business Group Warns of Congress Failure on R&D Tax Perk

One of Washington’s most prominent business groups sent a warning about an impasse in Congress over a corporate tax break for research and development costs.

Business Roundtable Chief Executive Officer Joshua Bolten on Wednesday flagged concerns that reviving the deduction for R&D will fall off of Congress’s agenda later this year, despite it having bipartisan support.

“It looks like it risks being gummed up with a lot of other politics,” Bolten, whose group represents CEOs for many of the largest US companies, told reporters Wednesday. “Candidly, those of us who are in the business of following policymaking on behalf of ...