Washington (April 26, 2004) -- The United States Chamber of Commerce has urged Congress to reauthorize the research and experimentation tax credit, slated to expire at the end of June.

“Innovations fueled by the R&E credit have led to major advances in science and technology,” said Bruce Josten, chamber executive vice president. “The credit is an effective and powerful incentive for U.S. businesses of all sizes to increase research investment, and we cannot underestimate its positive effect on the economy and jobs.”

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