By Dean C. Garfield, president and CEO, Information Technology Industry Council. - 05/18/09 06:07 PM EDT
The technology industry is ready, willing and able to collaborate with both sides of the aisle on an ambitious, forward-looking agenda that creates jobs, improves lives and secures our global competitiveness.
In today’s global marketplace, U.S. businesses can only lead when they compete on the international stage. Expanding in overseas markets is the key to growth and job creation here at home. We welcome a number of parts of the president’s tax reform proposal, including making the R&D credit permanent. However, taken as a whole, the plan would increase the cost of doing business, risk U.S. global competitiveness, and most importantly, risk critical U.S. jobs.
Technology companies, which have continued heavily investing in America despite the economic crisis, will be hard-hit by the administration’s tax proposal. With so much U.S. growth dependent on the innovation and creativity of the technology sector, we need tax policies that will enable our industry to maintain its leadership position in the global marketplace.
The president’s stimulus priorities, specifically the investments in health information technology, education, energy efficiency and high-speed broadband, are clear illustrations that this administration understands the important role the IT sector can and will play in driving America’s economic recovery. It would be a mistake to enact tax policies that undermine our ability to reap the rewards of these investments.
On tax policy, we concur with the point made in the article that reform needs to be done comprehensively and not in a piecemeal fashion. Many members of Congress, Republican and Democrat, share that view.
Pelosi is victim
of elder abuse
From Ann Blumenthal
Stop the elder abuse, now!
Anyone who has ever heard Speaker Nancy Pelosi (D-Calif.) speak finds it completely plausible that she doesn’t understand complicated briefings, so how can she be expected to remember them? Diminished hearing, comprehension and memory are very common phenomena in her age group. Why are we attacking her for manifesting ordinary signs of aging, claiming she is lying, when it is obvious that the aides she relies on to explain things and remind her obviously dropped the ball? I completely believe her that she can’t remember briefings she didn’t understand. It is elder abuse to fault her for it.