taxes

Dear Research Advocate: During a visit to the University of Michigan last week, I learned about an important new initiative that empowers faculty to take a more active role in public engagement. An explicit goal is to convey the return on taxpayer investment in the university, very much including the return on research conducted there. The initiative is timely and important, designed to help address signs of public disenchantment with academia by demonstrating its relevance and accountability to the public. Kudos to U of M President Mark Schlissel for his leadership. Last week, panelists at our Capitol Hill briefing engaged on the need for increased investment in Alzheimer’s disease...
Most Say Federally Funded Basic Research is Important to Private Sector Innovation Alexandria, Va.’€”February 26, 2013 ’€” More than two-thirds (67%) of small business leaders say basic research funded by the federal government is important to private sector innovation, according to a new nationwide survey of small business owners/operators commissioned by Research!America. In addition, nearly half (45%) say medical research funding to universities and other non-governmental research institutions should not be cut as part of sequestration, and a plurality (40%) say that such across-the-board cuts are not a smart strategy for reducing the deficit. The survey findings also reveal that small...
Dear Research Advocate, Since I wrote with a note of optimism last week, Speaker Boehner was unable to hold his caucus, and both houses of Congress summarily recessed. As of today they remain at a virtual standoff, with the House calling for passage of a bill to extend all tax cuts and the Senate calling for passage of a bill to let rates expire on families making more than $250,000 per year. The current 112th Congress and the White House are unlikely to come to terms on a deal this year. And now the rhetoric has changed to describing a fiscal cliff effect that isn’€™t irreparable (thus ’€œbungee jumping,’€ per a Bank of America economist), with the Administration using damage-delay...
Dear Research Advocate, Are we heading over the fiscal cliff? You have probably seen the several public opinion polls saying most Americans now think it’€™s inevitable. (’€œMerry Cliftmas,’€ says Jon Stewart.) Our latest polling tracks with that of others ’€” and adds a timely insight. Just when one might least expect Americans to voluntarily increase what they owe to Uncle Sam, more than 50% say they would be willing to pay $1 more per week if they were sure the dollars would go to medical research. See this finding and more in a new poll we commissioned to take the pulse of Americans at this high-stakes time in our history. We have been asking about willingness to pay more in taxes for...

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America’s economic destiny lies in innovation, technology, science and research.
The Honorable John E. Porter