[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[Extensions of Remarks]
[Page 7386]
[From the U.S. Government Publishing Office, www.gpo.gov]




               SUPPORT OF THE R&D TAX CREDIT IN H.R. 4213

                                 ______
                                 

                            HON. TIM HOLDEN

                            of pennsylvania

                    in the house of representatives

                         Wednesday, May 5, 2010

  Mr. HOLDEN. Madam Speaker, I rise today to support the inclusion of 
the Research & Development tax credit in H.R. 4213, the American 
Workers, State, and Business Relief Act of 2010. The R&D tax credit is 
extremely important in providing funding to manufacturers and 
businesses for my district, the Commonwealth of Pennsylvania, and the 
entire country. The tax credit allows businesses, large and small, to 
develop new products and technology and in the process it creates 
millions of jobs. It has been renewed every year since its inception in 
1986 and the current administration has proposed that the tax credit be 
made permanent.
  In the current economic climate, it is more important than ever for 
businesses to explore every avenue of tax savings, especially ones that 
reward innovativeness and creativity in our manufacturers. H.R. 4213 
has already passed the House and the Senate. Before it is reconciled 
and enacted into law, I again offer my support for the inclusion of the 
R&D tax credit.

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