With Election Complete, Government Must Act to Protect American InnovationNovember 9, 2016
WASHINGTON, DC – After a historic election, American Innovation Matters today urged policymakers to move forward on a tax reform package that protects American innovation, jobs, and earnings. AIM spokesperson Jim Morrell issued the following statement:
“While America remains stuck with an outdated tax code, other countries have been stepping up with incentives and tax policies designed to lure American investments and jobs abroad. This has clearly been the case with intellectual property, which can easily be transferred between nations.
“As the United States has stood pat, fifteen countries have passed laws to provide for a competitive tax rate on homegrown innovation. These policies increase pressure on American companies to place valuable R&D and jobs abroad.
“With the election behind us, it is time for U.S. policymakers to step-up and protect America’s valuable IP and the jobs created by it. AIM looks forward to working with President-elect Trump and lawmakers to develop policies that will ensure America remains the hub of global innovation.”
AIM’s membership includes Cisco, Boeing, S&P Global, Biogen, Apple, Intel, Adobe, Oracle, Facebook and other companies whose strong investments in R&D and innovation help create new jobs and spur economic growth.