As of January 1 2015 the research credit had expired This is

As of January 1, 2015 the research credit had expired. This is not the first time this has happened, over the years Congress has repeatedly extended the research credit. Although many believe the research credit will again be extended in 2015, what do you think the uncertainty of the research credit is doing to innovation in the United States? What do you think - should this credit be made permanent? Do you think businesses will increase spending on research as a result of the R&D credit? Can the government afford to offer this incentive...can it afford not to?

Solution

the scholors who are interested to do their research in respective areas, they are supported with many faiclities provided by US companies. and there are many people who did miracles and innovates new services and products.

doing research is requires high amount of money, the scholor has to spend his entire time, knowledge, skills and mind towards the research only. he may not have sufficient time to work in part time and get some money and with it he continues in research. if it is like this, the scholors can not be spend whole and sole time on research. so to avoid this the government is providing scholorships to the reserchers.

and it has to be continued in future also, possible make a law to practice it permanent. companies not only benefited interms of tax payments but they enjoy the previllage of the new and innovative products and services in the market.

if the company is able to spend good amount of money for good people, definitely at one point of time they definitely going to be enjoy huge benefits in future.