Former President Trump's Re-Election Opens Door to Renew US Digital Economy Goals
WASHINGTON— Following former President Trump’s 2024 re-election, Daniel Castro, Vice President of the Information Technology and Innovation Foundation (ITIF)—the leading think tank for science and technology policy—issued the following statement:
In this consequential election, voters have made it clear that the economy is their top priority. One of the United States' biggest challenges is reversing its loss of techno-economic power to China, making the restoration of US leadership in advanced industries essential for the next president. Given the central role of digital innovation in the US economy, it is incumbent upon President-elect Trump's administration to develop an economic agenda that accelerates digital transformation across public and private sectors, maximizing growth and productivity.
To achieve this, the administration should focus on creating a pro-innovation regulatory environment that supports AI adoption, collaborating with Congress to pass a light-touch regulatory framework for consumer data protection, and enacting legislation that preempts state efforts to create a patchwork of digital policies that hamper interstate commerce, such as on digital taxation, content regulation, and children’s online safety.
In June, ITIF released a techno-economic agenda for the incoming administration, emphasizing the need to prioritize innovation, productivity, and competitiveness in economic policy. To help guide these priorities, this report presents 82 actionable recommendations organized around 13 key policy areas, including budget policy, tax policy, trade expansion and enforcement, antitrust policy, and digital policy.
Contact: Nicole Hinojosa, [email protected]
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The Information Technology and Innovation Foundation (ITIF) is an independent, nonprofit, nonpartisan research and educational institute focusing on the intersection of technological innovation and public policy. Recognized by its peers in the think tank community as the global center of excellence for science and technology policy, ITIF’s mission is to formulate and promote policy solutions that accelerate innovation and boost productivity to spur growth, opportunity, and progress.
