Make Permanent the Research and Experimentation Tax Credit

Eric Spiegel, president and chief executive officer of Siemens Corporation discusses the importance of making R&D tax credit permanent:

Thirty years ago, the United States introduced the research and experimentation tax credit (sometimes called the research and development — or R&D — tax credit), making the U.S. the first nation to use its tax code to spur innovation. In the decades since, businesses have used the credit to create American jobs, foster new industries, and expand our knowledge in science and technology. Today, in part because of that credit, our greatest global advantage continues to be our capacity for innovation…

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