Rep. Gosar Votes to Give Businesses Certainty

Statement

Today, U.S. Congressman Paul A. Gosar, D.D.S. (AZ-04) issued the following statement after voting in favor of the American Research and Competitiveness Act (H.R.4438), which passed the House with a strong bipartisan vote of 274-131 and which would simplify the research and development tax credit and make it permanent:

"The United States tax code is broken and overly complex. In 1913, when the tax code was first created, it was 400 pages long. The current tax code now exceeds 70,000 pages and is a bureaucratic nightmare that punishes job creators, stifles economic growth and discourages investment.

"The United States already has the highest corporate tax rate in the world and allowing important pieces of the tax code, like the research and development tax credit, to expire on a regular basis creates further uncertainty. Businesses are left to make long-term plans around short-term laws, which discourages American innovation and prevents small businesses and job creators from hiring new employees and investing in their companies. This bill will finally make the research and development tax credit permanent, giving businesses the certainty they need to expand their operations and create much-needed jobs."

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