We’re #27: The United States Lags Far Behind in R&D Tax Incentive Generosity

July 19, 2012

At a time when Washington is desperate to find ways to spur economic growth and job creation, somehow one of the best tools at policymakers' disposal, the R&D tax credit, has been allowed to expire and its fate is far from certain. Against this backdrop, ITIF's forthcoming report ranks the United States 27th in terms of generosity in comparison with competing countries. This is putting U.S. firms at a major disadvantage in the global innovation race.

ITIF and Representative Kevin Brady (R-TX), a House sponsor of a bipartisan bill to expand and make permanent the R&D credit, and veteran tax counsel Evan Liddiard discuss the urgent need to retain this tool for innovation-based global competitiveness.