This year, the computer industry is lobbying hard for extension of the research and experimentation tax credit. In June 1999, Rep. James Sensenbrenner, Jr., introduced H.R. 2086, the Networking and Information Technology Research and Development Act, which, among other things, would extend the credit. Davis is a cosponsor. The industry says the credit helps promote U.S. productivity. But so are many other business activities.
Research is also highly profitable, especially in our technology-dominated world.
Davis collected more money from the computer industry for his 1998 campaign than any other member of the House of Representatives. He is straightforward about his quest to convince high-tech campaign donors to switch their loyalties from the Democrats to the Republicans. Data for the 1998 election cycle was downloaded in April 1999. All campaign contribution information is from the Center for Responsive Politics. The minimum wage increase was later folded into H.R. 3448, the Small Business Job Protection Act, which also included numerous corporate tax breaks.