TechAmerica reacts to President Obama's FY 2012 budget proposal

Washington, D.C. – TechAmerica President and CEO Phil Bond issued the following statement in response to the President’s FY 2012 budget proposal.

"The technology industry sees the President’s proposal as a strong start for innovation in the FY 2012 budget process. If our economy is to reach robust recovery, the ultimate outcome must include strong support and innovation incentives for research and development and government technology, as well as improvements to education and smart broadband policies, as proposed today.

"We’re hopeful that any final budget compromise with Congress will harness 21st century technology in order to help promote the fiscal responsibility and restraint that is needed to address the overall budget deficit. Increased investments in innovation will only serve to enhance government efficiency, savings, performance, productivity, transparency and effectiveness for all citizens.

"Specifically, we support funding in the proposal that promotes innovation investment. We commend the President for his interest in lowering the corporate tax rate. Congress and the Administration should enact comprehensive tax reform. A pro-innovation, competitive tax system is needed to level the playing field for U.S. firms that compete globally. We strongly discourage any piecemeal proposals that would raise taxes on U.S.-based firms that do business overseas. Such tax hikes will only hinder job creation, act as a disincentive to business investment and undermine U.S. competitiveness.

"Additionally, the industry particularly welcomes the innovation funding proposed in sections of the President’s budget that would support:

- A stronger, permanent R&D tax credit
- Wireless broadband for public safety and rural areas
- A new program office to lead the National Strategy for Trusted Identities in Cyberspace
- The use of smart technology in energy efficiency
- Recruitment and training of 10,000 science, technology, engineering and math teachers
- Improve speed and quality of patent examinations by U.S. Patent and Trademark Office
- Increase investment in R&D towards transformational technologies; and
- Assistance for our small businesses in obtaining early-stage funding.

"We call upon Congress to support these proposed innovation investments and take the concrete steps proposed here for improving government technology acquisitions and management."


 

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