Taxes and Budget

The president-elect’s overall approach to technology and innovation policy appears to be formulated to engage the government as an active partner alongside industry in spurring innovation—but also as a tougher regulator of many tech industries and technologies.
Taxes and Budget
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May 10, 2021
Rob Atkinson particpated in a an expert Q&A panel on VMT fee transition and implementation hosted by the Bipartisan Policy Center.
April 15, 2021
If a budget represents values, then the White House’s FY2022 discretionary budget request shows the new administration places the greatest value on equity, social spending, health, and environment. It places much less value on national security and economic competitiveness.
March 15, 2021
Public support for R&D is critical to bridge the gap in incentivizing technological progress. Three Portuguese economists examined the investment impact of tax incentives for “intangible investments,” another term for non-physical investments that increase productivity, such as human capital, software, and innovation.
March 7, 2021
Passing a time-limited tax incentive for firms that move Chinese production to U.S. Labor Department–designated “labor surplus areas” would weaken China’s economic and technological capabilities by reducing production there while strengthening U.S. capabilities by increasing domestic production, and it would help economically distressed and disadvantaged cities and counties across the nation.
March 1, 2021
The “growth tax” seems to not significantly affect patenting in firms with more than 50 employees, since larger firms are more profitable and innovative due to economies of scale and have already priced the tax into their cost structures.
February 19, 2021
It may pave the way for other states follow, but Maryland’s digital tax will not prove to be a way out of the crisis. It will only make the crisis linger.
February 16, 2021
Taxing digital advertising is discriminatory. Why not tax highway billboards, TV ads, or newspaper ads? The obvious answer is that lawmakers want to grab revenue from out-of-state firms in an ill-advised, distortionary attempt to shore up state tax coffers.
November 12, 2020
ITIF hosted a debate in which Acemoglu and Atkinson laid out their views about the future of automation technology and the effects it may have on U.S. competitiveness and the economy.
November 7, 2020
The president-elect’s overall approach to technology and innovation policy appears to be formulated to engage the government as an active partner alongside industry in spurring innovation—but also as a tougher regulator of many tech industries and technologies.
September 28, 2020
Tech policy broadly defined becomes more important each presidential election, and this one is no different. As it has in every cycle since 2008, ITIF provides a side-by-side comparison of the nominees’ positions on key issues related to the progress of technological innovation.

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