Two of U.S. Senator Todd Young’s (R-Ind.) bills were selected by the National Taxpayers Union (NTU) for their 11th Annual No Brainers List. NTU selects 10 bills to add to the list each year. The bills must be bipartisan, have a common-sense solution to a problem facing taxpayers, and must not have been on a prior No Brainers list. Senator Young’s American Innovation and Jobs Act and Yes In My Backyard (YIMBY) Act were selected for this year’s list.
“Introducing legislation that drives results for Hoosiers while at the same time being a good use of taxpayer resources is of the utmost importance to me as a U.S. Senator,” said Senator Young. “It is an honor to have the American Innovation and Jobs Act and the Yes In My Backyard (YIMBY) Act selected for NTU’s 11th Annual No Brainers List that promotes common-sense solutions that are taxpayer friendly.”
“While bipartisanship is lacking in Washington, NTU is pleased to recognize Senator Young and additional members of Congress who have been able to put forward real solutions that would help taxpayers everywhere. From preserving research and development (R&D) incentives in the tax code to addressing housing affordability, Senator Young is helping lead the charge on no-brainer legislation,” said Andrew Lautz, Director of Federal Policy for NTU.
Senator Young’s bipartisan American Innovation and Jobs Act would support innovative businesses and help create jobs by:
- Preserving incentives for long-term R&D investment by ensuring that companies can continue to fully deduct R&D expenses each year
- Immediately doubling and then further raising the cap over time for the refundable R&D tax credit for small businesses and startups
- Expanding eligibility for the refundable R&D tax credit so that more startups and new businesses can use it
Senator Young’s bipartisan Yes In My Backyard (YIMBY) Act would:
- Shed light on discriminatory land use policies
- Encourage localities to cut burdensome regulations
- Bring a new level of transparency to the community development process