Rep. Blum Spearheads Bipartisan R&D Tax Credit Letter
Blum urges Speaker Boehner to bring H.R. 880 to House Floor
Congressman Rod Blum led a bipartisan letter with 22 other Members of Congress to Speaker of the House John Boehner calling for H.R. 880, the American Research and Competitiveness Act of 2015, be brought for a vote as quickly as possible.
H.R. 880 permanently extends and simplifies the calculations for the Research and Development Tax Credit. The House Committee on Ways and Means recently approved the bill, which awaits further action on the House floor.
“As a small businessman, I fully understand the importance of stability in operating a business - especially a technology related company. Many of my colleagues in the Freshmen Class agree that making this tax credit permanent is a good start to maintaining the United States’ lead in innovation,” Rep. Blum said. “By incentivizing innovation, this tax credit encourages companies to create high paying, skilled jobs that will create the future of technology.”
Besides Mr. Blum, the following members signed the letter: Costello, Comstock, Takai, Poliquin, Rouzer, Moolenaar, Carter (GA), Bishop (MI), Hardy, Mooney, Abraham, Babin, Trott, Love, Newhouse, Ratcliffe, Young (IA), Knight, Hurd, Hill, Bost, MacArthur.
Currently, to date, the bipartisan legislation has 22 cosponsors, of which 11 are Freshmen Members.
A copy of the letter can be found here: http://1.usa.gov/1QAzuaC
Rod Blum is the Republican Congressman in Iowa’s 1st District. He is a member of the Budget and Oversight & Government Reform Committees.