Bingo! Even as Obama is talking about getting rid of loopholes, he's also proposing "investing in research" which most likely translates to tax credits for R&D

Bingo! Even as Obama is talking about getting rid of loopholes, he's also proposing "investing in research" which most likely translates to tax credits for R&D. He also recently pushed to extend the "bonus depreciation" - which allows companies to write off the entire purchase price of an asset as soon as they purchase it, minimizing tax expenditures for the year. I'm not saying I disagree with those incentives, just that they could easily be viewed as "loopholes" like the parent mentions.