WASHINGTON, DC – TechAmerica is calling upon the 111th Congress take concerted action in support of American innovation before adjourning for good.
The Association asked leaders on both sides of the aisle to cooperate to strengthen and extend the long-expired Federal Research and Development Tax Credit, pass several well-supported cybersecurity measures and delay a pending withholding requirement for government payments to contractors.
“This Congress still has the opportunity to help hone America’s competitive edge in the global innovation economy,” said TechAmerica President and CEO Phil Bond. “Consensus exists for swift passage of key cybersecurity measures critical to our national and economic security. Congress must delay the three percent withholding requirement for contractor payments until the implications for agencies and companies can be better understood. The R&D Credit is a jobs credit—an extension should be a no-brainer in a time of uncertain recovery.”
To read the full, original article click on this link: TechAmerica urges Congress to extend R&D tax credit, tackle cybersecurity | TechJournal South
