September 3, 2013

ELIZABETH WARREN: Win-T is a win for Mass. defense industry

http://www.heraldnews.com/newsnow/x511619144/ELIZABETH-WARREN-Win-T-is-a-win-for-Mass-defense-industry

By Elizabeth Warren
U.S. Senator
Posted Aug 30, 2013

Massachusetts helps keep our country safe. The
incredible national defense work happening
every day strengthens our national security —and we need to support that work.

Since taking office, I’ve made it a priority to visit
our state’s military bases to hear about how
these critical efforts impact our
servicemembers and our national defense. The
work that goes on at bases and by defense
contractors throughout the commonwealth is a
great example of how investments in research
and development can help ensure our nation’s
military is ready and able to meet current and
emerging needs while also supporting our
state’s economy.

Unfortunately, some of these critical programs
have been threatened by the senseless across-the-board federal spending cuts that recently
went into effect. These damaging cuts take a
meat-ax to our budget, instead of making smart,
targeted cuts to reduce the deficit. Instead of
threatening the economy and our security, we
can bring our deficit under control by closing
corporate tax loopholes and passing the Buffett
Rule.

It is critical that our spending support our
economy and our security. For example, I
strongly support tax policies that create jobs
such as the Research and Development (R&D)
Tax Credit, which encourages investment in
domestic research. In today’s global economy,
businesses have many alternatives as to where
they invest in R&D and improving this tax credit
will help Massachusetts companies create more
21st century jobs. A balanced tax reform that
stimulates innovation while making sure
everyone pays their fair share will help prevent
unnecessary cuts to important military
programs, preserve key research projects, and
protect programs that support children, seniors,
and veterans.

More at link.