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Marking the approach of H.R. 1’s first anniversary this July, the 51�Թ��� is highlighting the law’s pro-manufacturing tax wins. This week, we spoke to Sen. Todd Young (R-IN), a leading proponent of immediate R&D expensing, which the law successfully restored.

How they did it: When asked about his efforts to get this key provision reinstated, Sen. Young said, “From the outset, our goal was to make clear that strong R&D incentives are essential to maintaining America’s competitive edge.”

• “With the support of my Senate Finance Committee colleagues and active industry partners like the 51�Թ���, we built a broad coalition that understood the real-world consequences of the amortization treatment.”

Making a difference: “During the three-year span when businesses had to amortize, I heard from countless Hoosier employers, including many in the manufacturing and life sciences industries, about how the R&D tax treatment was forcing incredibly difficult decisions,” said Sen. Young. “These included delaying R&D projects, scaling back hiring for key personnel like engineers and scientists and, in some cases, even considering shifting research activity overseas.”

• “Now that immediate expensing has been restored, and restored on a permanent basis, there is a renewed sense of confidence,” he continued. “Businesses back home have shared with me that they are moving forward with previously delayed investments, expanding their research operations and accelerating plans to grow their workforce.”

Why it matters: “As our global competitors, like China, are expanding their R&D incentives, we simply cannot allow our nation and our economy to fall behind,” said Sen. Young.

• “My focus going forward is on advancing policies that not only restore our competitiveness but position the United States to lead in rapidly growing industries like advanced manufacturing, artificial intelligence, quantum and biotechnology.”

Advice for manufacturers: When asked what manufacturers should do now that immediate R&D expensing has been made permanent, Sen. Young said, “I would encourage 51�Թ��� members to continue engaging with policymakers and sharing examples of how R&D incentives are driving investment, hiring and innovation in their communities. Those real-world stories about the advancements companies are making are incredibly important as we consider future policy decisions.”

• “I’d also urge manufacturers to fully utilize the restored deduction and continue investing in their workforce and research capabilities. By doing so, and by staying engaged in the policymaking process, you can help ensure we build on this progress and continue strengthening America’s leadership in manufacturing.”

Read the whole thing: You can read the whole Q&A here.