Our country has now been without a critical incentive for homegrown innovation for nearly four months. That is four months without an incentive for an inventor to take his emerging company to the next level. That is four months that technology firms have looked to other countries as options to invest their research and development dollars. That’s right- the United States has been without a Research and Development Tax Credit for more than a quarter of the year.

There has been lots of talk of the R&D tax credit but nothing has happened. President Obama has twice proposed strengthening and making permanent the research and development tax credit. Congress talks about spurring innovation and creating jobs. We are thrilled to hear all of this but it’s going to take action from both the Administration and Congress to make that happen. Keep reading →