House votes to make research tax credit permanent, adding $156 billion to budget deficit

  • by: STEPHEN OHLEMACHER , Associated Press
  • Updated: May 9, 2014 - 12:25 PM

WASHINGTON — The House voted Friday to make permanent a tax credit that rewards businesses for investing in research and development, pushing Congress toward an election-year showdown over a series of expired tax breaks that are popular back home but add billions to the budget deficit.

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