. "Appendix E Estimated Recommendation Cost Tables." Rising Above the Gathering Storm: Energizing and Employing America for a Brighter Economic Future. Washington, DC: The National Academies Press, 2007.
The following HTML text is provided to enhance online
readability. Many aspects of typography translate only awkwardly to HTML.
Please use the page image
as the authoritative form to ensure accuracy.
Rising Above the Gathering Storm: Energizing and Employing America for a Brighter Economic Future
Action D-2 (Strengthen the R&D Tax Credit) Detailed Analysis: Tax credits vary from year to year. In FY 2005 the R&D tax credit was forecast to cost $5.1 billion. Since the amount of the R&D tax credit in any given year depends on overall corporate profitability and tax liability, as well as on R&D spending decisions, the overall cost cannot be determined precisely in advance. Maintaining the existing R&D tax credit, therefore, is assumed to result in no incremental cost. The proposed doubling of the existing R&D tax credit is assumed to cost about the same as the existing R&D tax credit, but the actual increment could be larger or smaller. In addition, the proposed expansion of the number of companies eligible for the R&D tax credit is not reflected in the $5.1 billion figure as the number of companies who might potentially be involved is unknown.
Millions of Dollars
Action D-3 (Innovation Tax Incentive Study) Detailed Analysis: The proposed studies should be able to be performed within existing budgets.
Action D-4 (Ubiquitous Broadband Internet) Detailed Analysis: The most important steps would not necessarily entail federal outlays.