Though the 2012 presidential election has not yet yielded “serious” conversation about technology or innovation policy, President Obama and Republican presidential candidate Mitt Romney still disagree on most issues, according to a new report by a nonpartisan research group.
The report by the Information Technology and Innovation Foundation, released Sept. 12, found that the candidates differ most in “general philosophy”: Obama believes in a more “activist role” for government in promoting innovation, while Romney believes the government should focus more on creating incentives for emerging companies and industries to grow.
In his first four years, Obama has released a Strategy for American Innovation, a National Broadband Plan, and a National Strategic Plan for Advanced Manufacturing. In addition, the American Reinvestment and Recovery Act allocated billions of dollars to spur investments in broadband, the smart grid, and health IT, at the administration's urging, the report noted. Further, the president has called for increased investments in R&D and education, while concentrating less on regulatory and tax policy changes to encourage innovation.
Romney, meanwhile, has proposed tax breaks, reduced regulations, and budget cuts. While his plan acknowledges that public investment in basic research and advanced technology has helped spur advances by the private sector, it addresses “only energy innovation and not the broader role of federal R&D investment in other areas,” the report said. Romney's R&D policy would most likely be focused on investments in basic research and less on closer-to-market applied or translational research, it added.
“Rather than adopt an 'all-of-the-above’ approach to innovation policy that includes corporate tax and regulatory reform as well as increased federal investment in research and development, digital infrastructure, and skills, the candidates stress policies from 'each column,’ with Governor Romney focusing more on the former and President Obama more on the latter,” said Stephen Ezell, an ITIF senior analyst and the report's chief author. “This is unfortunate.”
The report, which the ITIF based on campaign websites, party platforms, administration documents, and media reports, also highlights Obama's and Romney's differences on “net neutrality” regulations and spectrum reform policy, which were first revealed in the Democratic and Republican party platforms.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).