. "Ensuring That the United States Has the Best Environment for Innovation." Rising Above the Gathering Storm: Energizing and Employing America for a Brighter Economic Future. Washington, DC: The National Academies Press, 2007.
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Rising Above the Gathering Storm: Energizing and Employing America for a Brighter Economic Future
Shield some research uses of patented inventions from liability for infringement.
Leverage the patent database as an innovation tool.
Make the R&D tax credit permanent, and extend coverage to research conducted in university–industry consortia.
Provide new tax incentives for early-stage investments in innovative startups.
Provide more favorable tax treatment (expensing and accelerated depreciation) for the purchase of high-technology manufacturing equipment to encourage industry to keep manufacturing in the United States.
Create incentives for investments by employers and employees in lifelong learning, including the creation of tax-protected accounts.
Restructure and expand worker-assistance programs like the Trade Adjustment Assistance program so that they are more flexible and cover workers displaced by reasons other than trade.
Expedite the immigration process, including issuance of permanent residence status (green cards) to all master’s and doctoral graduates of US institutions in science and engineering.
Make H1-B visas “portable” to reduce the possibility of visa holder’s being exploited and to reduce the negative impacts on US workers in those fields.
Fund new programs that promote entrepreneurship at all levels of education.
Reform policies toward health and pension benefits.
Require companies operating in the United States to be transparent in reporting offshoring decisions.
Use procurement policies to discourage government contractors from offshoring by requiring that certain tasks be performed by US workers.
Gain presidential-level commitment to the proposition that sustaining and enhancing US ability to innovate is a key national priority.
Have the President issue a major challenge encompassing federal research and all aspects of the innovation process to mobilize resources in pursuit of a critical national goal. The candidate fields for such a challenge include energy, space, and healthcare.