Eric Schmidt: Cut My R&D Taxes And Let Me Hire Foreigners, Or Else Our Economy Is Doomed

Eric Schmidt

Today, the Washington Post published a letter from Google CEO Eric Schmidt laying out his five-step plan for turning around the economy around.

Here are the key points:

  • “Congress should ensure that every bill it passes promotes competition over protecting the interests of incumbents.”
  • “If we want to be a leader in new industries such as green energy, we have to accept that some of our investments won’t pan out.”

  • “We need to extend the R&D tax credit so businesses can confidently invest in their future.”
  • “Government-funded research should be made public through “a Wikipedia of ideas,” so entrepreneurs can harness ideas commercially.”
  • “The best and brightest from around the world come to study at U.S. universities. After graduation, they are forced to leave because they can’t get visas. It’s ridiculous.”

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