Association CEOs Ask Congress for R&D Credit Extension (letter)

The Honorable Harry Reid                                         The Honorable Nancy Pelosi

Majority Leader                                                          Speaker of the House

United States Senate                                                  U.S. House of Representatives

Washington, D.C.  20510                                           Washington, D.C.  20515

The Honorable Mitch McConnell                               The Honorable John Boehner

Republican Leader                                                      Republican Leader

United States Senate                                                  U.S. House of Representatives

Washington, D.C.  20510                                           Washington, D.C. 20515

Dear Speaker Pelosi, Democratic Leader Reid, Republican Leaders McConnell and Boehner:

            The thousands of companies represented by our organizations - and the U.S. workers they employ - rely upon American innovation to compete in today’s global marketplace.  Vibrant U.S.-based research is vital to driving innovation and the R&D tax credit is a critical component to maintaining and expanding research in the United States.

            As you know, the R&D tax credit will expire at the end of this month.  In order to avoid another lapse in the credit that would lead to uncertainty for both current and future U.S.-based research projects and planning, we respectfully urge you to approve before the end of this session legislation that will provide for a multi-year extension of a strengthened R&D tax credit.

                                                                        Sincerely,

AeA (American Electronics Association)

AdvaMed

AMT- The Association For Manufacturing Technology

American Chemistry Council

American Council of Engineering Companies

Associated Industries of Massachusetts

Business Roundtable

Business Software Alliance

California Healthcare Institute (CHI)

Government Electronics and Information Technology Association (GEIA),

Information Technology Association of America

Information Technology Industry Council

Motor & Equipment Manufacturers Association

National Association of Manufacturers

National Tooling & Machining Association

Semiconductor Industry Association

Silicon Valley Leadership Group

Software Finance & Tax Executives Council,

The Society of the Plastics Industry, Inc.

United States Telecom Association