American creators of “violent” video games beware: Washington D.C. might just take a swipe at you in its upcoming tax reform bill.
According to The Washington Examiner, the U.S. House of Representatives’ Ways and Means Committee’s “long-awaited” bill reforming the American tax codes singles out the creators of violent video games, refusing them a proposed research and development tax break.
“On page 19 of the executive summary,” the newspaper reports, “the committee mentions an improved and permanent research and development tax credit, which has benefitted countless industries from manufacturers to software creators to food producers.” As such, the bill proposes a so-called “improved, permanent R&D tax credit” in order for American companies “to compete against their foreign competition who have long had permanent R&D incentives.”
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