[Congressional Record (Bound Edition), Volume 153 (2007), Part 27]
[Senate]
[Page 36506]
[From the U.S. Government Publishing Office, www.gpo.gov]


                   MAKE THE R&D TAX CREDIT PERMANENT

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                             HON. BILL SALI

                                of idaho

                    in the house of representatives

                       Friday, December 28, 2007

  Mr. SALI. Madam Speaker, in just a few days the Research and 
Development Tax Credit expires. Sadly, this will not be the first time 
Congress allowed this to happen. The world of business has its own 
challenges without adding the stressful uncertainty on whether the R&D 
tax credit will be available next year. A permanent extension of the 
R&D tax credit can go miles in advancing our competitive edge in the 
global economy.
  Manufacturers, small companies, and any firm that does research 
relies on the R&D tax credit. Businesses must constantly meet changing 
consumer demands and do so by offering products and services, which 
makes R&D essential. Companies benefit from a R&D tax credit by 
improving their products and services. Congress has needlessly placed 
hardship and unnecessary risk on industries by not making this tax 
credit a reliable and predictable part of their business calculus.
  We missed an opportunity to change that. When the House reconvenes, 
let us make the R&D tax credit permanent.

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