Tech Industry Warns US Investments Hinge on Research Tax Break

Major tech companies lobbying to salvage a tax deduction for research and development are warning they may pull back from high-profile pledges of new US investments if Congress doesn’t fully reinstate the break.

Big tech companies have pledged more than $1.6 trillion in investments in the US since Donald Trump took office, promising to build factories and data centers in alignment with Trump’s push to build in America.

But industry representatives are signaling those promises will be imperiled if Congress doesn’t fully reinstate the R&D tax deduction, which was pared back to help offset the massive cost of President Donald ...