Political Quotes

Jeff Bingaman: “What we do is ask that this study include the impact of the IRS Tax Code on innovation. It is very consistent with the…”

On the recordApril 24, 2007
What we do is ask that this study include the impact of the IRS Tax Code on innovation. It is very consistent with the bill. My amendment does not remove anything currently called for in the study, it simply adds the provision that allows this study to include the effect of our Tax Code on innovation in America. Specifically, the amendment calls on the Director of the Office of Science and Technology, through the National Academy of Sciences, to study all provisions of the Internal Revenue Code of 1986, including tax provisions, compliance costs, and reporting requirements that discourage innovation.
Said by
Jeff Bingaman
Democratic · New Mexico
Source
govinfo.gov

Editor's note · Context

Discussing an amendment related to the impact of the IRS Tax Code on innovation during Senate floor debate.

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