In a new report, ITIF makes a compelling case for creating over 162,000 jobs in the short run by simply expanding a tax credit that has been working well for almost 30 years.
In a report titled, “Create Jobs by Expanding the R&D Tax Credit,” ITIF President Robert D. Atkinson analyzes how expanding the Alternative Simplified tax Credit (ASC) for research and development from 14 to 20 percent would not only spur job creation at a time when this is desperately needed but also boost the country’s long-term innovation capacity.