Investment in America Act of 2005

The Investment in America Act of 2005 (S. 627) proposed making the federal research and development (R&D) tax credit a permanent part of the tax code. It aimed to simplify how businesses calculate these credits and increased the rates for certain research-related expenses. For the average citizen, the bill was designed to encourage domestic companies to invest more heavily in innovation and technology, with the goal of fostering long-term economic growth and job creation within the United States.