September 25, 2002 04:06 PM | Permalink |
On September 5, 2002, CTJ director Robert S. McIntyre wrote to Pamela Olson, the new assistant secretary of the Treasury for tax policy, asking her to withdraw the revisions to the research tax credit proposed by her predecessor, Mark Weinberger, in late 2001.
|“You may or may not concur with the conventional wisdom that Mr. Weinberger’s actions with regard to the research credit represented a gross conflict of interest, given his close relationship with Ernst & Young and his long-time lobbying to gut the 1986 research credit reforms. But I hope you will agree, in light of the plain language of the 1986 law and the court decisions interpreting it, that the December 2001 research credit regulations are inconsistent with both the statute and the public policy underlying it.”
The full text of McIntyre’s letter and two attachments are linked in PDF format.