Business Software Alliance Senior Director, Legislative Strategy Bruce Miller issued the following statement on the Senate Finance Committee's proposal on an R&D tax credit:

"The Business Software Alliance (BSA) welcomes the Senate Finance Committee’s proposal to restore and make permanent the R&D tax credit and allow full and immediate expensing of R&D costs. This provision helps to enable the enterprise software industry’s investments into artificial intelligence and breakthrough technologies like quantum computing. Information and software R&D account for a quarter of total US R&D spending, and realizing the goal of American technological leadership requires sustained R&D and keeping the United States the top destination for innovation investment."