Uncertainty Still Surrounds R&D Tax Credit; Extenders Time Frame Shortens

For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

Sept. 2 —  Opinions are split on the prospects for efforts to make the tax credit for research and development permanent.

Skeptics foresee a stall in current momentum, regardless of behind-the-scenes efforts led by House Ways and Means Committee Chairman Dave Camp (R-Mich.) to cement the long-established but still temporary tax benefit before this year ends. Others expect Camp's persuasion to pay off.

“In the regular course of legislative affairs, you go to conference and you compromise,” said Douglas Holtz-Eakin, president of the American Action Forum and former director of the Congressional Budget Office.

Request Daily Tax Report