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Most profitable pharmaceutical and biotech firms pay at a 35 percent tax rate. The addition of a 50 percent tax credit would provide an expenditure recovery of 85 percent.
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Most profitable pharmaceutical and biotech firms pay at a 35 percent tax rate. The addition of a 50 percent tax credit would provide an expenditure recovery of 85 percent.
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Congress has a history of providing tax credits for R&D for a limited period of time and then assessing the value of the tax credit. See, for example, Note 16
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Congress has a history of providing tax credits for R&D for a limited period of time and then assessing the value of the tax credit. See, for example, Note 16.
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