Wendy Sherman: “this week a number of my colleagues in the New Democratic Coalition have come before the House to talk about a very…”

“this week a number of my colleagues in the New Democratic Coalition have come before the House to talk about a very important tax issue, and that is the need to make the R&D tax credit a permanent part of our tax law. I would like to join with them in urging all of our colleagues to support taking a credit that has been a consistent part of our tax law but is always designed to be eliminated and then at the last minute is extended, to instead make that a permanent part of our tax law. I have three major points, the first of which is the importance of research and development for all Americans. I think Americans are acutely aware that we live a life that is more wealthy, that we are in better financial position than 90 percent of the world. And most Americans, if asked what is the single greatest reason why Americans live so much better than those in Bangladesh or Honduras would say that it is because of our high levels of education and technology. We must do everything possible to advance our technology further and to advance the education of our workforce.”