They host a forum today on federal investments on innovation and science. Newt gingrich and Business Specialist along with academic researchers will be talking about the issues our live coverage just about to get underway on cspan3. As we wait for senator warren, well bring you a story from the Associated Press regarding the Iran Nuclear Deal president obama traveling in ethiopia, and the ap reporting he delivered a belittling rebuke of Republican White House hopefuls monday calling their attack on his landmark nuclear deal ridiculous, if it werent so sad. Obama suggested the rhetoric from some gop candidates was an attempt to divert attention from donald trump. A wealthy businessman whose popularity is con founding the republican field. Maybe quoting, maybe it gets attention, maybe this is just an effort to push mr. Trump out of the headlines, its not the kind of leadership that is needed for america right now. The associate press quoting president obama during a News Conference in et
Looking at how do i put encryption and make it so no one can mess with the device other things that might have impact on People Living there. First off we noticed to make sure the government doesnt weaken encryption. Second of all we need to continue to see the growth in the kinds of research around encryption that is in some cases supported by the government. Anyone else . I share his comments. Also going back to the garage door opener. When that was introduced it was primitive, it was a fun thing to do to drive around the neighborhood and open up other peoples garage doors or similarly other peoples telephones. By todays standards it was relatively primitive even though novel then. As weve gotten more sophisticated, memory chips have grown, theres solutions and we dont hear about those problems anymore. It hasnt been an issue. Thank you. The reality is significant investment is made in innovating around privacy and security because its the right thing to do and consumers are demandin
World. And the evidence is that these patent Innovation Box policies are not very good at that because what theyre targeting is the income generated from the patents rather than the research that leads to them. This is true of lots of r d tax credits. In holland they just designed one which is quite intelligent, i think, because it targets the research that leads to the r d. So the labor hired rather than the income generated from that r d. But i think we should remember that, for example, the act which in 1980 allowed publicly funded research to be patented. If you read that act, its really interesting. They also say we better make sure that the taxpayer doesnt pay twice, right . So just like year, i think the nih spent arounded 39 billion in research, both basic and applied. And the problem is what happens to the prices of these drugs . Do they reflect that input . So its not only and ive been reading a lot about this, but the pricing mechanism itself could be one way to be rewarded
Now that is 10 trillion. So there are not many places you can say i can take 10 trillion out of the spending stream to keep you healthier. Let me follow up on this now speaker gingrich. You are a conservative and as a result may have credibility than i do in some circumstances on the question on the role of government here. Why isnt it enough to count on private industry to do this . Why do we have to have a substantial investment from the federal government . Its a question about American History. [ inaudible ] and i are developing a project on why George Washington matters. And people dont often notice that the Founding Fathers wrote into the constitute a Patent Office because they so deeply believed in the future. They made investments. The First Federal highway was built during washingtons lifetime. They believed in improving things. They talked about them as improvements. Jefferson launched an expedition to the west and there was a Childrens Book on this called from sea to shining
Good afternoon everybody would i want to welcome you all today i am peter russo, director of affairs at the cato institute. I want to thank you for coming. You are an old briefing of major tax reform in 2017. Before we begin if youre watching via cspan for live stream and would like to join the conversation would love to hear from you. Please to comments and questions to us and our panel at cato events. We released a new policy handbook. They were available as you came in. If you like additional copies please contact me after the program. I will be happy to hook you up. Meanwhile you can go to cato. Org and theres a chapter here and federal tax reform and many others also covering the treatment of healthcare and as well as the importance of global tax competition. With that i introduced chris edwards. He is a top expert on federal tax and budget issues. Before joining us he was on the joint Economic Committee and he was a coauthor of global tax revolution. [applause] thank you. Thank y