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2 weeks ago | 
itif.org | Stephen Ezell |Trelysa Long |Meghan Ostertag
KEY TAKEAWAYSA blanket 25 percent tariff on U.S. semiconductor imports would produce a 0.18 percent downturn in U.S. economic growth in the first year, and if sustained over 10 years, would result in a 0.76 percent slowdown in U.S. economic growth in the 10th year. A 10 percent tariff would result in 0.06 percent of U.S. gross domestic product (GDP) growth foregone in the first year and 0.20 percent in the 10th year.
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2 months ago | 
itif.org | Stephen Ezell |Trelysa Long |Robert D. Atkinson
KEY TAKEAWAYSThe White House has given the Office of the U.S. Trade Representative, along with the departments of Treasury and Commerce, until April 1 to identify countries the administration should confront with corrective trade actions. It would be a mistake for the Trump administration to impose across-the-board tariffs on all nations, even if some run trade surpluses with America.
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Jan 16, 2025 | 
itif.org | Trelysa Long
The open nature of the Internet facilitates the exchange of information, allows for global commerce, and enables access to remote job opportunities. Freely accessing the Internet promotes economic and social value for a nation. However, many governments interfere with this access by reducing user’s bandwidth, blocking applications or websites, or shutting down Internet services entirely.
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Jan 13, 2025 | 
itif.org | Trelysa Long
|January 13, 2025Source: Brandon Recce, “Quantitative Analysis of the Impact of Highly Skilled Immigrant Workers on American Innovation” (paper in the 2021 5th International Conference on Software and e-Business, 2021). Commentary: Immigrants have made substantial contributions to U.S. innovation but the policy debate on their impact on the U.S. economy has nevertheless continued.
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Jan 6, 2025 | 
itif.org | Robert D. Atkinson |Trelysa Long
In 2019, ITIF and Brookings proposed that Congress provide funding for the U.S. Department of Commerce to establish a system of regional technology hubs with a program to identify promising metro areas and help them transform into self-sustaining innovation centers. To date, that vision has not been achieved, but the next Congress can fix it.
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Dec 20, 2024 | 
itif.org | Trelysa Long
Historically, U.S. companies have been allowed to deduct their research and development (R&D) expenditures immediately. However, the Tax Cut and Jobs Act of 2017 requires companies to capitalize and amortize their R&D expenditures over a five-year period, reducing the financial value of the R&D tax incentive. While the act was surmised to harm R&D investment, a new scholarly study provides hard evidence of this effect. Mary Cowx et al.
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Dec 9, 2024 | 
itif.org | Trelysa Long
|December 9, 2024Source: National Science Foundation, “2023 Doctorate Recipients from U.S. Universities” (report by National Center for Science and Engineering Statistics, December 2024), https://ncses.nsf.gov/pubs/nsf25300?utm_medium=email&utm_source=govdelivery. Commentary: In a recent report, the National Science Foundation analyzed the Survey of Earned Doctorates to examine the trends of individuals who earned doctorate degrees in the United States.
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Dec 9, 2024 | 
itif.org | Robert D. Atkinson |Trelysa Long
KEY TAKEAWAYSFrom the cold war era until now, U.S. policy has subordinated economic and trade interests to geopolitical and national-security objectives. Trump’s “America First” agenda rejects that approach and turns toward a new doctrine of competitive realism. Trump plans to put an end to one-sided trade deals, quit the role of global policeman, and retaliate against allied attacks on U.S. economic interests. To that end, tariffs will be a key arrow in the U.S. quiver.
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Dec 8, 2024 | 
flipboard.com | Robert D. Atkinson |Trelysa Long
2 days agoDonald Trump Is the End of the Modern EraThe post-WWII world order of American dominance is over. Donald Trump proves it.
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Nov 25, 2024 | 
itif.org | Trelysa Long
KEY TAKEAWAYSNeo-Brandeisians want to bring back enforcement of the Robinson-Patman Act in an attempt to protect small firms from competition. Economics and history make clear that the Robinson-Patman Act’s prohibition of both primary- and secondary-line price discrimination would raise prices for consumers and reduce overall economic welfare. The Robinson-Patman Act does not address any anticompetitive behavior that is not already covered by other antitrust laws.
