Gusto joins with small business innovation groups to ask Congress to support research and development tax credits

Steve Abbott

On November 10, 2022 Gusto joined with other small business innovation leaders to urge Congressional action on H.R. 1304/S. 749, critical tax legislation impacting small businesses, entrepreneurs, and innovators nationwide. This legislation is vital to restoring the ability for small businesses to immediately deduct research & development (R&D) investments – ensuring that R&D remains an effective engine for American innovation and economic growth.

Recent Gusto data show that the R&D Tax Credit plays a significant role in how small and medium sized businesses (SMBs) financially plan.  During this precarious economic time, Congress needs to act to ensure SMBs have the resources needed to avoid painful decisions to reduce staff and/or investment.  

Read the full letter here:

Gusto letter to Congress to urge Congressional action on H.R. 1304/S. 749
Steve Abbott is the Head of Public Policy and Government Affairs for Gusto. In his role, he leads a cross functional team that designs and executes a public policy strategy that advocates for a robust ecosystem for small business formation and growth, and promotes employee financial health and wellness. Prior to Gusto, Steve spent 10 years at the Pew Charitable Trusts leading government relations for projects focused on promoting family economic stability. Steve also has experience working for Congress and was a consultant to Fortune 500 companies and non-profit organizations advising them on public policy. Steve holds a Bachelor’s Degree in Economics from Denison University and an MBA from the University of Maryland.
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