[Congressional Record (Bound Edition), Volume 154 (2008), Part 16]
[House]
[Page 21860]
[From the U.S. Government Publishing Office, www.gpo.gov]




                MAKE AMERICA'S R&D TAX CREDIT PERMANENT

  (Mr. SALI asked and was given permission to address the House for 1 
minute.)
  Mr. SALI. Madam Speaker, it has come to my attention that France, 
long regarded as a bastion of protectionism, actually features some of 
the world's most inviting research and development tax credits. These 
credits are open to any company, whether they are American or French, 
and cover half of research costs up to 100 million euros.
  It is a sad state of affairs when American companies can't budget for 
long-term research costs because Congress has failed to make the R&D 
tax credit permanent, yet France offers impressive tax credits across 
the Atlantic to do the same work.
  Let's act now to make America's R&D tax credit permanent here in the 
United States so we will not lose our cutting edge to the Old World.

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