AMERICA COMPETES ACT--Continued -- (Senate - April 25, 2007)
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Mr. COBURN. Mr. President, there is no question the ATP program has had some successes. The fact is that over $2.5 billion has gone to Fortune 500 companies over the last 14 years for research they would have done otherwise. This is a program which is outmoded. We have a way to help businesses do research and development. It is called the R&D tax credit. This is not effective. It is a poor way to spend our money.
I yield back the remainder of my time. I ask for the yeas and nays.