The Rise and Fall of Hope and Change

The Rise and Fall of Hope and Change

Alexis de Toqueville

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville

The United States Capitol Building

The United States Capitol Building

The Constitutional Convention

The Constitutional Convention

The Continental Congress

The Continental Congress

George Washington at Valley Forge

George Washington at Valley Forge

Friday, March 2, 2012

It Is Time to Make the R&D Tax Credit Permanent

From The National Center for Policy Analysis:


by Pamela Villarreal, Brian Bodine
National Center for Policy Analysis
February 28, 2012
Brief Analysis
In December 2010, Congress extended the research and development tax credit through tax year 2011, but it has since lapsed and has not yet been renewed for 2012. The tax credit was first enacted in 1981 in an effort to improve the international competitiveness of American businesses by encouraging innovation and new technology. Concerned about the budgetary impact of lost tax revenue, Congress never made the credit permanent—though it has renewed it 14 times. This creates year-to-year uncertainty for firms that wish to plan for the long term.

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