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Submitted: February 14, 2011 - 4:06pm
Originally published: February 14, 2011
Last updated: February 14, 2011 - 4:13pm
Originally published: February 14, 2011
Last updated: February 14, 2011 - 4:13pm
Source:
Connected Planet
Author:
Joan Engebretson
Location:
Information Technology and Innovation Foundation, 1101 K Street, NW, Suite 610A, Washington, DC, 20005, United States
A 17% tax credit for research and development proposed by President Obama doesn't go far enough, says a Washington, D.C.-based think tank focused on innovation policies in a white paper released late last week. The white paper, written by Dr. Robert Atkinson, president of think tank The Information Technology & Innovation Foundation, instead recommends an R&D tax credit of at least 20%. The current R&D tax credit, known as the “alternative simplified credit,” is 14%.
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