Will America Innovate or Imitate?
To create jobs and spur growth, America must ignite the spark of innovation.
America leads the world in innovation, but our lead is slipping.
How do we stay on top?
- Develop and Attract the World’s Best Talent—To retain our competitive edge, we must reform K–12 schools, encourage innovation in colleges and universities, modernize visa rules, fix the broken immigration system, and draw more students into science, technology, engineering, and math.
- Strengthen Our Capital Markets—Inventors and entrepreneurs need access to healthy and vibrant capital markets. Measures that stifle capital formation and choke the flow of financing must be revised or repealed.
- Release the Regulatory Stranglehold—We need a smarter regulatory system that preserves economic freedom and flexibility while removing unnecessary burdens and costs. The U.S. Patent and Trademark Office must be revitalized to break the logjam of current patent applications and speed consideration of new ones.
- Restructure the Tax Code—We must restructure the tax code so that it is simple and clear, spurs growth, encourages investment and innovation, and efficiently generates revenues to reduce the deficit and meet our national priorities.
- Protect Intellectual Property—IP-intensive industries generate 55 million jobs today. We need to crack down on IP theft in both the physical and digital markets, fully fund enforcement, and insist on strong IP protections in all trade agreements.
- Reward Risk and Success—If innovators are punished or demonized for their success or their failure, then America will lose talent, capital, ideas, and jobs to our economic competitors.
The world’s leading economies generate the ideas, manufacture the inventions, and market the products that change lives.
Everyone else copies them.
For more information, visit www.uschamber.com/jobs.
Download the ad:
