1331 Pennsylvania Avenue, NW • Washington, DC 20004-1790 • (202) 637-3076 •
www.investinamericasfuture.org
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The R&D Credit Coalition is a group of more than 85 trade and professional associations and more than 1,000 small,
medium and large companies engaged in U.S.-based research throughout major sectors of the U.S. economy, including
aerospace, agriculture, biotechnology, chemicals, electronics, energy, information technology, manufacturing,
medical technology, pharmaceuticals, software and telecommunications.
September 13, 2006
The Honorable Bill Frist
Majority Leader
United States Senate
Washington, DC 20510
The Honorable Harry Reid
Democratic Leader
United States Senate
Washington, DC 20510
The Honorable Dennis Hastert
Speaker
U.S. House of Representatives
Washington, DC 20515
The Honorable Nancy Pelosi
Democratic Leader
U.S. House of Representatives
Washington, DC 20515
Dear Speaker Hastert, Leader Frist, Democratic Leaders Reid and Pelosi:
The undersigned companies represent American innovation. We are the idea generators and risk
takers who want to continue investing, hiring and conducting research in the United States. The research
and development tax credit (R&D credit) expired more than eight months ago. The lapse of the credit and
accompanying uncertainty have increased the costs of U.S.-based R&D. As such, it is increasingly more
difficult for us to commit to future high-risk, high-dollar R&D investments that would create high-wage
jobs in the United States. We strongly urge you to ensure that, in September, Congress sends to the
President a bill with a seamless and strengthened R&D tax credit.
The National Academies recently cautioned that “without high-quality, knowledge-intensive jobs
and the innovative enterprises that lead to discovery and new technology, our economy will suffer and our
people will face a lower standard of living.” Our trading partners