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The House Removes Barriers to American Research & Development

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Washington, D.C., September 18, 2014 | comments
Providing real tax relief and certainty for American companies is all about job creation and economic growth, added Brady. "Local businesses in my district say Washington throws up too many road blocks to growth. This package of bills is about removing those road blocks and unleashing entrepreneurs to do what they do best."
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Rep. Brady’s Bill to Jump Start Innovation is a Key Part of House Jobs Bill Package

Washington, DC – Even in the worst economic recovery in half a century, America’s local businesses want to innovate and grow. Unfortunately, a bloated federal government and unfair tax code are holding back much needed job creation and stifling American research, causing us to lose ground to nations such as China.

“The U.S. House is sending the Senate a very simple message – it’s time to unleash American innovation by getting Washington out of the way,” said Texas Congressman Kevin Brady whose legislation to make the Research & Development Tax Credit permanent is a key part of the House Ways & Means Committee jobs package. “America is the world’s leading innovator, but we are slipping and risk falling behind other nations. Instead of burying American innovators in red tape and an ever-changing tax code, let’s remove the obstacles that keep them from investing in new jobs and technologies right here at home.”

The bipartisan tax policies the House is voting on are all focused on securing America’s competitiveness in a global economy. Brady’s legislation simplifies and strengthens the U.S. R&D tax credit, offering strong incentives that will attract new research and development spending, and the jobs that will follow.

“Providing real tax relief and certainty for American companies is all about job creation and economic growth,” added Brady. “Local businesses in my district say Washington throws up too many road blocks to growth. This package of bills is about removing those road blocks and unleashing entrepreneurs to do what they do best.”

The Bills/Amendments and sponsors included in the House jobs package:

H.R. 4438, the American Research and Competitiveness Act: Representative Kevin Brady (TX-08)

H.R. 4457, the America’s Small Business Tax Relief Act: Representative Pat Tiberi’s (OH-12)

H.R. 4453, the S Corporation Permanent Tax Relief Act: Representative Dave Reichert (WA-08)

H.R. 4718, making permanent bonus depreciation: Representative Pat Tiberi (OH-12)

Amendment to H.J. Res. 59, the Protect Medical Innovation Act: Representative Erik Paulsen (MN-03)

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