As Joe Kennedy writes for The Hill Times, Canada's new government should abandon its recent support for a digital services tax in order to move forward with the United States-Mexico-Canada Agreement (USMCA).
Articles, Op-Eds, & Blogs
November 6, 2019
November 4, 2019
Fact of the Week: Large, Profitable Firms in France Receive Tax Subsidies of 43 Percent on R&D They Perform, Which is More Than 8 Times Greater Than U.S. Subsidies
R&D tax incentives are key to fostering innovation, effectively providing needed public support for research without sacrificing private-sector market incentives. According to a new report by the OECD, the United States is well behind much of the rest of the world in this respect.
November 1, 2019
So, let’s all take a deep breath and say together: “Technological change is not accelerating, but it would sure be nice if it would.”
October 28, 2019
In an op-ed for New Europe, Eline Chivot writes that AI can actually help reduce gender bias and improve social fairness in Europe.
October 28, 2019
Fact of the Week: Sectors With High “Income Elasticity” Employ Fewer Medium-Skill Workers, Explaining 60 Percent of the Decline in Their Share of Wages Between 1980 and 2016
The U.S. economy has polarized since 1980, with widening gaps between high- and low-skilled wages driving increased inequality. One study has provided a partial explanation for this trend, identifying that sectors with high “income elasticity” (where demand is more sensitive to changes in income) are more likely to employ both high- and low-skilled workers, but less likely to employ medium-skilled workers.
October 23, 2019
Nearly 25 percent of all R&D expenditures in China come in the form of government subsidies to firms. It would be ideal if China dramatically reduced these innovation subsidies so American workers in innovation industries would face a level playing field, but the chances of that happening are slim to none. It is time for the federal government to step up its game and provide significantly more support for industrial R&D.
October 21, 2019
Fact of the Week: Artificial Price Controls Could Lower the Number of new Drugs by 3 to 5 Percent Over the Next Decade
In response to increased public pressure, both Congress and the Trump Administration have recently promoted efforts to reduce the price of prescription drugs in the United States. Several other countries have already imposed measures of their own.
October 21, 2019
In Attempt to Ban Facial Recognition Technology, Massachusetts Could Inadvertently Ban Facebook, iPhones, and More
The Massachusetts Joint Committee on the Judiciary will hold a hearing on October 22 to consider a bill that would enact a statewide of ban of government use of facial recognition technology. This is the latest overreaction to the fear, uncertainty, and doubt that activists have managed to harness into legislative action, and it risks far-reaching unintended consequences.
October 18, 2019
All too often, well-intentioned proposals aimed at protecting children result in rules that could limit innovation for the very population they are intended to help.
October 15, 2019
Fact of the Week: U.S.-Based Scientists Have Published 44 Percent of Recent AI-Related Scientific Articles but Have Been Awarded Only 20 Percent of AI-Related International Patents
Innovation can be approximated across many different metrics, which can present very different impressions of where new technologies are being created and utilized. In a new report, the OECD has analyzed the 2,000 companies that invest the most in R&D for their output related to artificial intelligence.