McCain Introduces Legislation at the Start of the 111th Congress

Economic Growth Through Innovation Act of 2009 – The bill would make the current research and development tax credit permanent, which otherwise will expire on December 31, 2009. A permanent, meaningful research and development tax credit will ensure that businesses keep funding research and development, which may lead to numerous new discoveries in the United States such as fuel-efficient vehicles, cancer treatment or the development of clean energy. Additionally, a permanent credit would remove uncertainty now hanging over businesses as they make investment decisions for 2010 and beyond, which will increase our nation’s ability to innovate, create jobs and improve our sagging economy.

Call your Senators and ask them to support this crucial measure!