“It is welcome news that President Obama will ask Congress to expand and make the research and development (R&D) tax credit permanent. This will better enable the U.S. compete globally and make it clear that the United States has finally gotten off the sidelines in the fight for global economic competitiveness.
While expanding the credit from 14 to 17, as has been reported, makes sense. ITIF thinks an even more generous credit makes even better sense. ITIF estimates that expanding the credit from 14 percent to 20 per¬cent would create 162,000 jobs in the short to moderate run and an additional, but unspecified, number of jobs in the longer run - many of them high-skill, high wage jobs.
To read the full, original article click on this link: Statement by Robert Atkinson on the President's Plan to Make Permanent the R&D Tax Credit | The Information Technology & Innovation Foundation
