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At a time when most legislative initiatives in the U.S. grind to a halt, in large part because political jockeying replaces policymaking as the presidential and congressional elections draw closer, America continues to fall behind our biggest economic competitors. Foreign governments continue to pursue policies that will improve their country’s economic prospects while our lawmakers seem frozen in [...]
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Our immigration system is hurting our nation’s economic recovery. Yes, not exactly breaking news, but we got another reminder of this well-known reality yesterday when the U.S. government announced that all 85,000 new H-1B visas for Fiscal Year 2013, including 20,000 for U.S. advanced degree graduates, were used up as of Monday. It took only ten weeks to hit the H-1B cap. Compare that to last year, [...]
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Starting Wednesday, the U.S. will host the third U.S.-India Strategic Dialogue, with economic issues front and center in the discussions. We expect that one of the trade issues that will come up is the Indian government’s preferential market access (PMA) mandate for electronic goods. It's a policy that could severely hurt trade between the two countries, especially in the technology arena. As the [...]
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A House subcommittee hearing today focused on the issue of extending temporary business tax measures that influence investment and business decisions in the U.S., and ITI pressed for quicker action by the Congress to move the legislation into law. ITI’s Bret Wincup takes a look at the issues, and you can see the formal statement that ITI provided to the subcommittee. In recent months, there has been [...]
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President Obama today echoed what TechElect and the innovation sector have argued repeatedly: “It’s a lot easier to deal with deficits and debt if you are growing,” the President told reporters at a Friday morning news conference. He’s spot on. The key question is not whether to grow, but how to grow fastest and strongest. TechElect believes that the way to build an economy that has lasting strength [...]
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ITI is excited to see momentum building around expansion of the most important trade agreement for the tech industry, the Information Technology Agreement (ITA). Just this week, members of the Asia-Pacific Economic Cooperation reaffirmed their commitment to play a key role as the World Trade Organization (WTO) works to expand the ITA. Last month, WTO members met in Geneva to mark the fifteenth anniversary [...]
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The ACEEE today issued a report (link) entitled “A Defining Framework for Intelligent Efficiency,” calling intelligent efficiency the first major new source of energy to be discovered in years. As governments, civil society, and others travel down to Rio later this month for the UN Conference on Sustainable Development, or RIO+20, they would be well advised to peruse this report. The report points [...]
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Each election is important, but 2012’s race is shaping up to be an exceptional one. The polls are tight and voters are focusing early on the candidates' plans. Having wrapped up the GOP presidential nomination in Texas last night, Governor Romney now will shift his entire focus to the general election, where the biggest issue on voters’ minds remains getting the economy operating on all cylinders [...]
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Bloomberg today came out in favor of bipartisan Senate legislation that has ITI's backing -- the recently introduced Startup 2.0 Act. In its editorial, Bloomberg highlights the competitive disadvantage that the United States faces because of an arbitrary, outmoded immigration system. During the next five years, 100,000 immigrants – many with advanced degrees – will leave America and take their innovative [...]
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As trade negotiators start to move on the potential expansion of products to be covered by the Information Technology Agreement, Intel's Greg Slater blogged about the significant economic benefits that an expansion would hold for the U.S. and global economies. Greg's blogs are all posted on the Intel Policy Blog. Government officials have in hand a major boost for our global economy that will [...]
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