Congressman Tim Walberg (MI-07) released the following statement after voting for the American Research and Competitiveness Act, which brings more certainty to the tax code by modernizing and making permanent the now-temporary Research and Development Tax Credit.
"A key component of building a healthy economy is a tax code that helps America remain the world's leading innovator of breakthrough products and technologies. I see this ingenuity at work in schools, labs, and small businesses as I travel across the district, and our policies should foster innovation, not hold it back. By allowing for more investment in research here at home, we can create jobs and higher wages for American workers," said Walberg.