Rep. Brady introduces House bill with bipartisan support
Washington — March 9, 2011 —
The Business Software Alliance (BSA) today called on Congress to support legislation that would strengthen and make permanent the federal research and development tax credit so that software companies and other American businesses have the long-term certainty they need to increase investments in commercial innovations that create jobs and drive economic growth.
That is the goal of the American Research and Competitiveness Act of 2011 (H.R. 942), introduced in the House of Representatives on Tuesday by Reps. Kevin Brady (R-Texas), John Larson (D-Conn.), Erik Paulsen (R-Minn.) and Anna Eshoo (D-Calif.).
“Private investment in research and development is critical for driving growth and maintaining a competitive edge in the global economy,” said BSA President and CEO Robert Holleyman. “The software industry understands this better than most, because more than three-quarters of US software companies create product or process innovations. In fact, BSA member companies invest more than $40 billion a year to create innovative applications that benefit the entire economy by serving as tools for production in nearly every sector. Strengthening and making permanent the R&D tax credit, instead of reconsidering it every year, would give software companies the certainty they need to continue budgeting for these critical investments over the long term.”
The Business Software Alliance (www.bsa.org) is the world’s foremost advocate for the software industry, working in 80 countries to expand software markets and create conditions for innovation and growth. Governments and industry partners look to BSA for thoughtful approaches to key policy and legal issues, recognizing that software plays a critical role in driving economic and social progress in all nations. BSA’s member companies invest billions of dollars a year in local economies, good jobs, and next-generation solutions that will help people around the world be more productive, connected, and secure. BSA members include Adobe, Apple, Autodesk, AVEVA, AVG, Bentley Systems, CA Technologies, Cadence, CNC/Mastercam, Compuware, Corel, Dassault Systèmes SolidWorks Corporation, Dell, Intel, Intuit, Kaspersky Lab, McAfee, Microsoft, Minitab, PTC, Progress Software, Quark, Quest Software, Rosetta Stone, Siemens, Sybase, Symantec, and The MathWorks.