Walberg Says Congress Should Encourage Innovation to Enable Michigan's Comeback

Press Release

WALBERG SAYS CONGRESS SHOULD ENCOURAGE INNOVATION TO ENABLE MICHIGAN'S COMEBACK

Washington, Oct 30 - U.S. Congressman Tim Walberg (R-MI) delivered the following speech this morning on the House floor. Footage of the speech is available here.

"In my home state of Michigan, we've hit some hard times, and recently things became worse as Michigan's Governor and tax-hiking state legislators inflicted a massive tax increase on the people of Michigan.

"While in Congress, I am going to do all I can to aide Michigan's comeback by providing incentives for manufacturers and their employees to innovate, grow and expand.

"For example, American auto manufacturers spend $20 billion a year on research and development, and such investment in innovation among American automakers should be encouraged.

"One positive step Congress can immediately take to continue similar innovation is to make permanent the Research and Development Tax Credit.

"This legislation would keep high-tech, high-paying jobs in America by maintaining important incentives and enable American companies to grow, compete globally and ultimately result in additional high-paying American jobs.

"I urge my colleagues to support H.R. 2138, the Research and Development Tax Credit, and encourage further investment in our great nation."

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