Growing and Preserving Innovation in America Act of 2025

This bill makes permanent certain tax deductions for domestic corporations related to their foreign income. Currently, corporations can deduct 37.5% of their foreign-derived intangible income and 50% of their global intangible low-taxed income, but these deduction rates are scheduled to drop in 2026. The bill would keep the higher deduction rates in place permanently instead of letting them decrease.

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