(above: HP's Jeff Bergeron speaks at press conference on Capitol Hill, joined by the two sponsors of the American Research and Competitiveness Act of 2011, Representative Kevin Brady (R-TX), far left, and Representative John Larson (D-CT), middle.
By strengthening the research and development (R&D) tax credit and making it permanent, HP believes the bill will create new opportunities for economic growth in the US.
“As the world’s largest technology company, HP has a long history of investing in American innovation. We strongly support these efforts that provide richer incentives for R&D,” said Bergeron.
Larry Irving, vice president of global government affairs added, “America’s economy is fueled by investments in research and development and our national competitiveness will be strengthened by enhancing and making the tax credit permanent.”