On the recordMay 20, 2015
They are right about that, and I support the R&D being made permanent--if we pay for it. That is a principle the American public expects us to pursue. Many Democrats agree as well. However, what will be an even greater benefit to the economy is for Congress to set aside the misguided mantra that tax cuts pay for themselves and, instead, put America's fiscal house in order. Let's start a real conversation about fixing our broken Tax Code in a fiscally sustainable way. Passing this R&D tax credit will undermine that effort. I am urging my colleagues on both sides of the aisle who care deeply about fiscal sustainability, about tax reform, and about economic competitiveness to oppose these bills.
