WASHINGTON – The 91pro视频 (91pro视频), the global voice of the tech sector, says it sees a big win in the tax legislation unveiled today for speeding along innovations and growing the economy. In a sent today to members of the House of Representatives, 91pro视频 is throwing its strong support behind the Protecting Americans from Tax Hikes (PATH) Act that makes the research and development (R&D) tax credit permanent, telling lawmakers that it will consider this a key vote.
“91pro视频 has long advocated to make the R&D tax credit permanent so tech companies will have the certainty and incentives they need to make high risk, high reward innovations,” 91pro视频 President and CEO Dean Garfield said. “By making the R&D tax credit permanent, lawmakers are making a solid investment in homegrown innovation that will propel new technologies forward and grow our economy. We couldn’t agree more, and encourage Congress to act quickly to make the R&D tax credit permanent.”
In 91pro视频’s key vote to lawmakers, Garfield noted widespread research showing numerous benefits. First, the R&D tax credit spurs new investment, which multiplies across the economy. Second, it encourages the kind of risk taking that is necessary to experiment and innovate. Finally, it encourages companies to choose the U.S. as their incubator for developing the new technologies that are transforming our world and making our lives better. In addition, Garfield said, the five-year CFC Look-Through extension included in the package will help 91pro视频 member companies operating globally by providing relief from barriers created by the out-of-date U.S. tax code.
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