Wednesday, January 6, 2010

First Posting

I am not going to say much in this because I have spent some time setting this up and I am eager to put a post up to see how this displays. I will say that the R&D Tax Credit is a fantastic incentive for companies to perform R&D here in the United States rather than abroad. Many other countries use these incentives to attract business. Ireland is a perfect example of this. Because of their R&D tax incentives Ireland is viewed as a hub for research activities. Establishing this credit is one thing our politicians have got right.

What they are not getting right is the fact that they would rather use the R&D tax credit as a political football to push their own less popular agendas. Basically they are using a piece of the US' future as a bargaining tool. And while this is occurring companies are moving high tech jobs overseas to Ireland, India, and China. Making the credit permanent is a good first step to make sure high tech jobs stay in the states.

I could keep going but I am going to stop. I would rather just ask anyone who reads this material feel free to critique, complain, and just comment on anything I write. Any contributions will only make this blog more informative. Thanks.

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