|
|
Article: R&D tax credit: free lunch
- Article from:
- THE JOURNAL RECORD
- Article date:
- February 11, 1998
- Author:
CopyrightCopyright 1998 The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
|
If Americans could vote on their favorite business tax break, the
research and development tax credit might top the balloting. The
public supports it because new technology fattens paychecks, saves
lives and makes for more realistic video games. Politicians like it
because Corporate America loves it.
Even the bean counters at the Treasury are fans because the credit
is designed to yield the maximum bang for a tax buck.
Indeed, a freshly minted study by Coopers & Lybrand concludes that
the research and development tax credit actually delivers the free
lunch that supply-side tax cutters promised, eventually returning
more to the government in revenues as the economy grows than it
initially ...