Abstract
With calls occurring to the new US administration to reintroduce a capital investment tax credit, there is a need to evaluate its prospective effect on RD while the research and experimentation credit has raised it. In the present economic climate and unemployment among engineers, continuation of the research and experimentation tax credit is supported. Equally, support should be rejected for the investment tax credit not only for its negative impact on R&D spending, but also because greater substitution of capital for labor sends the wrong message at a time of high overall unemployment. >
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