A bill to make permanent a tax credit for business expenditures on research and development (R&D) sailed through the House of Representatives on 9 May 2014. H.R. 4438 gained bipartisan support from 212 Republicans and 62 Democrats despite a veto threat from the White House.

A sticking point for some lawmakers is that the $156 billion cost of the tax credit over ten years is not paid for.

The Senate is likely to consider the R&D tax credit as part of a broader package of tax credits that expire annually, known as tax extenders.

 


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