In a report issued today by the U.S Treasury Department, the Administration promotes making the R&D tax credit permanent as one of the tools for its investment in supporting U.S. competitiveness According to the proposal, enhancement of the R&D tax credit will result in more than $100B in domestic private sector research over the next 10 years, while adding more than 1 million research workers in the U.S.
This is a step in the right direction by the Obama Administration to support U.S. investment. See the report and share your thoughts on whether the R&D tax credit extension will achieve its intended purpose.
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