Why Expanding the Research and Development Tax Credit is Important

In the recent past, there have been several suggestions to eliminate or reduce the Research and Development (R&D) Tax Credit, which has been in place since 1981. This is a huge mistake and the R&D Tax Credit should be expanded. Now, you may ask yourself, why it is essential to extend the R&D Tax Credit rather than do away with it? Here are a few reasons why. [Read more…]