R&D, for the Economy | GenomeWeb

R&D, for the Economy

US President Obama is to ask Congress to increase and extend research and development tax credits, reports the Associated Press. Obama is to announce the proposal to extend a credit option for businesses from 14 percent to 17 percent, in a speech on Wednesday. The proposal will cost an estimated $100 billion. The Obama administration says this and a series of new measures will help grow the economy.

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