Hooray For R. and D.

It's time to make a popular and effective tax credit permanent

The spate of recent tax bills landing on President Clinton's desk, where they will die or have already died, offers a glimpse of what voters can expect under a Gore or Bush Administration next year. Bush supports the bills. He would eliminate the estate tax and marriage penalty and expand tax-deferred savings for everyone. Gore opposes them, preferring modest tax cuts targeted at middle- and lower-income households.

The two have found common ground, though, on at least one tax initiative. Both would like to make permanent a tax credit for companies engaging in costly research and development. Signed into law in...

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