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U.S. Tax Credit: Boondoggle or Boon for Research?

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Science  03 Jan 2014:
Vol. 343, Issue 6166, pp. 13
DOI: 10.1126/science.343.6166.13

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Congress has once again allowed a popular tax break that encourages U.S. companies to invest in research to expire. The lapse of the research and experimentation tax credit, estimated to be worth $7 billion last year to U.S. firms, has reignited debate about whether the measure is a costly corporate windfall or a vital incentive for research.