ATLANTA, Feb. 25, 2011 /PRNewswire/ -- Executives with Teradata Corporation (NYSE: TDC), the world's largest company focused on data warehousing and integrated marketing management, today urged United States Congressman Tom Price (R-GA) to support and make permanent the Research and Development (R&D) Tax Credit, as well as other legislative measures designed to stimulate investment in technology innovation, create jobs, and drive rapid economic growth.
Congressman Price visited Teradata's John's Creek, GA, corporate office to receive the National Association of Manufacturers (NAM) Award for Manufacturing Legislative Excellence in recognition of his consistent support of businesses and their employees from across the United States. The award was presented by Darryl McDonald, Teradata Executive Vice President, Applications, Business Development, and Chief Marketing Officer, and a member of the NAM Board of Directors. The award is given to members of the U.S. Senate and House of Representatives who maintained a voting record of 70 percent or higher in support of manufacturing during the 111th Congress (2009-2010). Congressman Price had a 72% voting record in this area.
McDonald was joined by Teradata President and Chief Executive Officer Mike Koehler and Steve Scheppmann, Chief Financial Officer of Teradata, to further discuss several specific tax issues being considered by Congress.
"Congressman Tom Price continues to be a champion for important causes that will help promote economic growth, create jobs and drive business innovation in Georgia and across the United States," said McDonald. Among the legislative measures discussed today were:
- Permanently extending the Research and Development (R&D) Tax Credit, which has a proven track record of stimulating U.S. investments, wage growth, consumption, and exports, which contribute to a strengthened U.S. economy.
- Another important issue commonly referred to as "Tax Deferral" which allows U.S. based multinational companies an opportunity to compete on a level playing field with foreign based competitors.
Teradata's executives emphasized that to secure a strong economic future and a solid role in the global marketplace, tax policies should allow American companies to compete globally by creating jobs for a healthier national economy, while also creating a fair and balanced context for international competition.
Teradata Corporation (NYSE: TDC) is the world's largest company solely focused on data warehousing and integrated marketing management, and provides powerful solutions for companies of all sizes. Through innovation, consulting services, technology, and industry-specific applications, our customers are outpacing their competition with enterprise agility. For more information visit teradata.com
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SOURCE Teradata Corporation