The defense research and development community needs healthy levels of investment from both government and industry, but industry’s internal research and development funding has dropped “fairly dramatically” over the past decade, Defense Department research officials told the Senate Appropriations defense subcommittee Wednesday. Subcommittee chairman Dick Durbin (D-Ill.) asked a panel of six witnesses what they thought of the research and development tax credit, which is among dozens of business and individual tax credits that may be extended by the Senate…
