The Global Race for R&D

By March 11, 2008Innovation, Taxation

How does the United States, a world class leader in innovation, retain its competitive position in a global race for R&D investment dollars? Not by allowing the R&D credit, a proven incentive for spurring additional R&D, to expire 13 times since the credit was created more than 25 years ago. What kind of message about our commitment to innovation does the United States send the world with an on-again, off-again R&D incentive?

The credit expired more than two months ago. Policy makers need to turn the page and end the embarrassing history of repeated lapses of the credit. The R&D credit is a proven incentive for innovation. What are they waiting for?

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