What the U.S. tech industry needs from Obama

“Obama needs to evaluate the economy and realize that the tech sector is being impacted heavily by laws that punish them for operating in the U.S. instead of encouraging them to expand their businesses here,” Reisinger writes. “If he doesn’t, the entire industry could be left in a dire position.”

“For once, a U.S. president since Ronald Reagan needs to protect the interests of our businesses. In order to do that, President-elect Obama needs to ensure that government funding is being put in the right places to help the tech industry stay on top,” Reisinger writes.

“Obama needs to ensure that the Research and Development tax credit stays permanent and government grants needs to be given to innovators to help the U.S. take a leadership role in important sectors in the industry, like nanotechnology,” Reisinger writes.

“More importantly, Obama needs to realize that imposing significant taxes on companies simply won’t solve any of our economic troubles,” Reisinger writes. “The technology industry is one of the most important sectors in our economy, but if he decides to tax major firms even more, we can expect one outcome: the tried and true dictum that companies don’t pay taxes will rear its ugly head once more and prices industry-wide will rise. And when that happens, we can expect even worse financial results from major companies in the industry and the possibility that many of those firms will move their operations overseas to protect their financial interests.”

Full article here.

35 Comments

  1. Match the people (Rush Limbaugh, Winston Churchill, Ronald Reagan, John F. Kennedy) to the quotes below:

    1. “Republicans believe every day is the 4th of July, but the Democrats believe every day is April 15.”

    2. “If you’re not a liberal at 20, you have no heart, and if you’re not a conservative at 40, you have no head.”

    3. “An economy hampered by restrictive tax rates will never produce enough revenues to balance our budget just as it will never produce enough jobs or enough profits… In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.”

    4. “No nation ever taxed itself into prosperity.”

  2. My favorite part of the article above:

    “Obama needs . . .” What Reisinger meant to say was that “the industry needs Obama to need.” The only thing Obama “needs” is to pay back the legions of supporters who put him in office. Technology and the other half of the electorate be damned.

  3. A four-letter word is used to describe most swear words in the English language, as most such terms do indeed possess four letters. Count the ‘fours’.
    President-elect Obama faces daunting challenges, elected on the 4th November. Obama’s Age (46)
    The 44th president-in-waiting.
    The popular vote was 52.3 percent for Obama and 46.4 percent for McCain. But the count in the Electoral College was much more lopsided – 349 to 147. Democrats will control both the White House and Congress for the first time since 1994.

  4. Al- my thoughts exactly.

    If SV wanted lower taxes they backed the wrong guy.

    Perhaps Ca. Corps. are looking for reasons to vacate.

    But who knows, the soon to be POTUS has a track record of not taking a position and changing positions when he does (aside from run for office, he’s done little else). Perhaps now that he’s said what he needed to say to get into office, he will be more centrist.

    I won’t be holding my breath.

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