Kenny Hulshof: “In addition to one of the provisions in the bill that does not get a lot of air play, if you will, is the credit that we…”

“In addition to one of the provisions in the bill that does not get a lot of air play, if you will, is the credit that we provide companies in this country to invest in research. Mr. Speaker, my friend from Arizona knows that technology is the key for America remaining on the cutting edge of being a world leader. In the past we have provided certain credits, tax credits for businesses who try those new ideas, who put into practice, as they ordinarily would, those innovative plans off the drawing board that they try to put into action. And that tax credit of course has expired, but now we include that tax credit, that research and development treatment so that companies and businesses, not just the big ones, but the mom and pops that think they can build a better mousetrap, that they can also have access by bringing those plans off the drawing board to make sure that we remain the most competitive among other nations across the planet, and it is something that does not get again very much discussion, but something I think that is very critical and crucial that is included in this tax plan.”