[Congressional Record Volume 153, Number 166 (Tuesday, October 30, 2007)]
[House]
[Pages H12158-H12159]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




     IN SUPPORT OF A PERMANENT RESEARCH AND DEVELOPMENT TAX CREDIT

  (Mr. SMITH of Nebraska asked and was given permission to address the 
House for 1 minute.)
  Mr. SMITH of Nebraska. Madam Speaker, I rise today in support of a 
permanent research and development tax credit. We are the strongest 
Nation on Earth, in large part because of the innovation inspired 
through research and development. This has been a driving force through 
our history, leading us to discoveries which add convenience, comfort 
and productivity to our lives.

[[Page H12159]]

  In Nebraska, now more than ever, our rural businesses grow when 
people are willing to face the uncertainty and risks which others find 
daunting. In our increasingly competitive global economy, it is 
essential we ensure there is a permanent, meaningful incentive for all 
businesses to invest in research and development.
  We live in a world with limitless innovation, and I look forward to 
seeing what the future will bring from further research and 
development.

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