[Congressional Record (Bound Edition), Volume 160 (2014), Part 5]
[House]
[Page 6550]
[From the U.S. Government Publishing Office, www.gpo.gov]




                  RESEARCH AND DEVELOPMENT TAX CREDIT

  (Mr. MARCHANT asked and was given permission to address the House for 
1 minute.)
  Mr. MARCHANT. Mr. Speaker, I rise in support of making the research 
and development tax credit permanent. America has a long tradition of 
supporting research and development.
  The R&D tax, which was first enacted in 1981 under President Ronald 
Reagan, stimulates investment, creates high-value jobs, and drives 
economic growth. But the R&D credit has never been made permanent. In 
fact, the credit expired at the end of last year, which has caused 
significant uncertainty and hurts long-term investment for businesses 
of all sizes.
  The roller coaster of tax extensions, expirations, and renewals 
should stop. Businesses need to make decisions on what is best for 
their workers and companies, not the stop-and-go policies of an 
uncompetitive Tax Code.
  Permanency of the R&D tax credit will propel U.S. competitiveness, 
and it will also help promote future investment, innovation, and job 
growth right here at home.

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