Innovation Ultimately Follows Production | RealClearPolitics

The Biden administration’s proposed subsidies for R&D won’t by themselves do much to improve American competitiveness. A suggested $50 billion funding boost for the National Science Foundation spread over several years represents roughly a tenth of what U.S. corporations spend on R&D each year. Meanwhile, Biden’s proposed corporate tax hike will cut corporate R&D budgets, shifting R&D away from the private sector and toward universities and national laboratories.


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