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R&D Credit Suffers Setback In Senate
House lawmakers left Washington last week for the annual August congressional recess, and senators joined them this week. But the Senate had one key tech issue on its agenda before leaving town: renewal of the research and development tax credit.
Unfortunately for techies who wanted the credit extended, the proposal suffered a setback despite some creative legislative maneuvering.
The House had included the R&D tax credit in a "trifecta" package of business tax extensions, a minimum-wage hike and a permanent reduction of the estate tax. But the attempt to link issues sought by both conservative and moderate Republicans failed to sway enough Democrats.
Other issues that surfaced this week -- or that Congress, the courts and the executive branch will face later this year -- included online child safety and speech, high-speed Internet service, and broadcast indecency. Listen to the podcast for details.
Posted by Technology Daily on August 4, 2006 11:26 AM | Permalink
