American innovation is dying — and Congress is the culprit

The United States once led the world in manufacturing, producing more than 25% of global industrial output. Today, China holds that title, controlling over 30%, while the U.S. struggles to maintain even half that share.

Plenty of factors drove this decline — decades of offshoring, the collapse of industrial job bases, and an obsession with short-term profits over long-term strength. But if America wants to reclaim its industrial leadership and restore economic self-reliance, we need more than reshoring slogans and infrastructure bills.

Innovation isn’t an expense. It’s an investment — in national security, in American workers, and the future of US leadership.

We must fix and expand the research and development tax credit.

A recent Wall Street Journal analysis focused on

Continue reading