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Short Take: R&D tax credit may become permanent

Rep. Anna Eshoo (D-California) announced key support for legislation to make the Research & Development Tax Credit permanent. Minority Leader Richard Gephardt (D-Montana) and Rep. Charlie Rangel (D-New York), the ranking member in the House Ways & Means Committee, said they will solidify the credit, which is an incentive to create new technologies. Tech companies say the credit is too volatile now because it has to be renewed annually.

    Rep. Anna Eshoo (D-California) announced key support for legislation to make the Research & Development Tax Credit permanent. Minority Leader Richard Gephardt (D-Montana) and Rep. Charlie Rangel (D-New York), the ranking member in the House Ways & Means Committee, said they will solidify the credit, which is an incentive to create new technologies. Tech companies say the credit is too volatile now because it has to be renewed annually.