[Congressional Record Volume 153, Number 166 (Tuesday, October 30, 2007)]
[House]
[Page H12158]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




         MAKE PERMANENT THE RESEARCH AND DEVELOPMENT TAX CREDIT

  (Mr. WALBERG asked and was given permission to address the House for 
1 minute.)
  Mr. WALBERG. Madam Speaker, in my home State of Michigan, we have hit 
some hard times, and recently things have become worse as Michigan's 
Governor and tax-hiking State legislators inflicted a massive tax 
increase on the people of Michigan.
  While in Congress, I am going to do all I can to aid Michigan's 
comeback, providing incentives for manufacturers and their employees to 
innovate, grow and expand. For example, American auto manufacturers 
spend $20 billion a year on research and development, and such 
investment and innovation among American automakers should be 
encouraged.
  One positive step Congress can immediately take to continue similar 
innovation is to make permanent the research and development tax 
credit. This legislation would keep high-tech, high-paying jobs in 
America by maintaining important incentives and enable American 
companies to grow, become more competitive globally, and ultimately 
result in additional high-paying American jobs.
  I urge my colleagues to support H.R. 2138, the research and 
development tax credit, and encourage further investment and growth in 
our great Nation.

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