October 15, 2012 By News Staff
President Obama and challenger Mitt Romney recently shared their policies on tech startups in response to a request from NY Tech Meetup. Both candidates responded with details on how their policies would benefit tech startups and the country if elected in the upcoming election.
Romney called for raising visa caps for skilled foreign workers, lowering the corporate tax rate to 25 percent, strengthening the R&D tax credit, and requiring that all major regulations receive congressional approval as a means to improve accountability.
Obama's response focused more on past achievements to demonstrate what he could do for American technology. The president cited his own creations of the U.S. Chief Technology Officer position, "Presidential Innovation Fellows," and the Startup America Partnership.
Romney, however, disagreed with the philosophy of the president's programs, calling them “misguided attempts to play the role of venture capitalist, pick winners and losers, and spend tens of billions of dollars on politically-prioritized investments [that] have been a disaster for the American taxpayer.”
Obama took a more rhetorical look at technology, saying that with it, “we can achieve anything. ... That is the legacy of Edison and Bell. That is the story of Google and Twitter. That is what landed NASA's Curiosity on Mars, reminding us that our preeminence -- not just in space, but here on Earth -- depends on investing wisely in the innovation, technology, and basic research that has always made the United States the envy of the world.”
Full text responses from both candidates can be found on the NY Tech Meetup blog.
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