Today, Linda Bauer Darr, president and CEO of the American Council of Engineering Companies (ACEC), issued the following statement after House passage of the “One Big Beautiful Bill” which is now being sent to President Trump for signature:
“ACEC applauds the passage of this critical legislation that will promote job creation and innovation across the U.S. economy.
“The extension of the 2017 Tax Law will deliver critical certainty for American businesses. These are pro-growth policies that directly support investment, innovation, and workforce expansion, especially in the engineering sector.
“Engineering firms play a foundational role in the economy. The ACEC Research Institute found that 82% of firms used their tax savings from the 2017 Tax Cuts and Jobs Act to hire new employees. Firms also invested in technology and expanded their services — investments that had a broader benefit to the nation’s economy. By locking in these provisions, Congress has ensured that firms can continue to create, compete, and grow in communities across America.
“In addition, this bill includes a long-sought provision by ACEC to permanently restore full deductibility of R&D expenses for engineering firms. Engineering firms are in the innovation business, designing the next generation of American infrastructure, and it was critical to restore the tax code’s traditional role in incentivizing research and development.
“As the bill heads to the president’s desk, we commend both chambers of Congress for delivering a package that gives America’s engineering industry the certainty it needs to improve our communities while developing the next generation of engineers. While more work remains, particularly around energy tax policy, this legislation is a strong step forward for America’s future.”