The United States continues to fall further behind world leaders in funding for university research. To reverse course, it should increase support by $45 billion per year and provide stronger incentives for businesses to increase their investments.
R&D and Innovation
July 5, 2017
Reducing or eliminating the R&D tax credit to “pay for” a lower corporate rate would be a serious mistake. To boost productivity and competitiveness, Congress should lower the corporate rate while expanding the research credit’s Alternative Simplified Credit from 14 to 20 percent.
June 12, 2017
Fact of the Week: In the EU, Increasing R&D Investment Creates 30 Percent More Employment in High-Tech Firms than Medium-Tech Firms
In the EU, increasing R&D investment by one percent creates 30 percent more employment in high-tech firms than medium-tech firms, writes John Wu in Innovation Files.
May 19, 2017
Fact of the Week: Private Chinese Firms Innovate More Efficiently Than State-Owned Firms, Yet China Showers Much More Generous R&D Subsidies on State-Owned Firms
State-owned Chinese firms receive up to four times more R&D subsidies but are less innovative than private Chinese firms, writes John Wu in Innovation Files
May 18, 2017
On May 18, 2017, Stephen Ezell gave a presentation before the Rare Disease Congressional Caucus on "Incentivizing Innovation for Rare Disease Treatment and Development."
March 27, 2017
The new innovation orchard model brings together university, industry, and potentially government partners to provide start-ups with the know-how, access to technology, equipment, and bridge funding to scale up new technologies.
March 17, 2017
President Trump assumes crowded out private investment will restore R&D expenditures after deep budget cuts, but evidence disagrees, writes Adams Nager in Innovation Files.
March 15, 2017
Fact of the Week: University Scientists in Five Developing Countries Increased Their Publishing Productivity 43 Percent When They Had Free Access to Scientific Journals
Providing universities in developing countries greater access to scientific journals increases publications by 43 percent, writes John Wu in Innovation Files.
February 28, 2017
Fact of the Week: The 2,500 Companies That Together Account for 90 Percent of the World's Business R&D Are Hiring Workers Faster Than the Population Is Growing
Companies invest in innovation to be competitive and to ensure their long-term financial success, and in so doing they create jobs and spur productivity, writes John Wu in Innovation Files.
February 27, 2017
Numerous reports suggest that the Trump administration is considering adopting Heritage’s budget blueprint as its own. Doing so would harm U.S. competitiveness, productivity, and innovation.
February 6, 2017
Fact of the Week: Increasing R&D Tax Credit by 10 Percent Could Boost Labor Productivity Growth by 0.4 Percent Per Year
Although Congress made permanent the research and development tax credit in 2015, the federal government and states still can do more—a 10 percent increase in R&D tax credit generosity permanently increases labor productivity by 0.4 percent per year, writes John Wu in Innovation Files.