Tag Archives: Congress

Rebuilding Manufacturing: Fixing the Dysfunctional R&D Tax Credit


The Practical Guide to Research and Development Tax Incentives, Author: Michael Rashkin.

By George Leopold – Rashkin argues that the R&D tax credit in its current form isn’t working. Created in 1981, the provision gives US companies a tax break on R&D expenses. Other R&D incentives include faster writeoffs of equipment and favorable tax treatment for stock option costs.

According to Rashkin, the current tax structure works like this: Government agencies like the National Science Foundation fund basic research; then tax incentives and other subsidies are used to encourage product development, often based on federally funded basic research. Rather than investing in US manufacturing of new products, Rashkin told Congress that the structure encourages US companies to “park the resulting intellectual property in tax havens.” more> http://tinyurl.com/7lhazbo

What anti-SOPA sites look like this morning

By Paul McNamara – Here’s what a few familiar corners of the Internet look like this morning, a day dedicated to protesting antipiracy legislation currently before Congress.

more> http://is.gd/xTxywx

Pentagon: Cyber offense part of U.S. strategy

The Pentagon, headquarters of the United State...

Image @Wikipedia

By Ellen Nakashima – The Pentagon is prepared to launch cyberattacks in response to hostile actions that threaten the government, military or U.S. economy, according to a new policy document submitted to Congress this week.

The report remains silent on a number of important issues, such as rules of engagement outside designated battle zones and whether neutral countries would be consulted before their systems were used to carry out counterattacks in cyberspace. The report does not discuss the advisability of demonstrating cybercapabilities. more> http://twurl.nl/1bl0n3

THOMAS Top Ten – Compiled July 26, 2010

Library of Congress –

  1. H.R. 4213
    American Jobs and Closing Tax Loopholes Act of 2010
  2. H.R. 3590
    Patient Protection and Affordable Care Act
  3. H.R. 4173
    Restoring American Financial Stability Act of 2010
  4. H.R. 5618
    Restoration of Emergency Unemployment Compensation Act of 2010
  5. S.Amdt. 4425
    Unemployment Compensation Extension Act of 2010
  6. H.R. 4899
    Supplemental Appropriations Act, 2010
  7. H.R. 5297
    Small Business Jobs and Credit Act of 2010
  8. H.R. 5658
    Securing Knowledge, Innovation, and Leadership Act of 2010
  9. H.R. 4872
    Health Care and Education Reconciliation Act of 2010
  10. S.Amdt. 4426
    To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes


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