Economic Study Shows R&D Tax Credit has significant impact.
Press Release Summary:
September 21, 2011 - Ernst & Young's "The R&D Credit: An effective policy for promoting research spending," released by R&D Credit Coalition, shows federal research and development (R&D) credit significantly and positively impacts U.S. economy by increasing amount of research spending, jobs, and wages. In total, overall policy - existing credit plus strengthened alternative simplified credit - is estimated to increase annual private research spending by $15 billion (short-term) and $33 billion (long-term).
Original Press Release
New Study Shows the R&D Tax Credit has a Significant Impact on Increasing Jobs and Research Spending in the United States
Press release date: September 19, 2011