Tax compromise between White House and Republicans renews R&D credit

Chronicle of Higher Education : Earlier this week President Obama and Republican leaders reached a compromise over two fiscal measures that were set to expire at the end of 2010. Under the deal, all the tax cuts enacted under President George W. Bush would be extended, a Republican priority, as would unemployment benefits, a Democratic priority. The compromise also includes a payroll tax holiday—plus a surprise benefit to science: the renewal of a tax credit for corporations that fund university research. The Chronicle‘s Kelly Field reports on the compromise and its impact on higher education.