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McCain Tech Plan to Continue Hands-Off Approach to Regulation
Wall Street Journal ^ | Aug. 14, 2008 | ELIZABETH HOLMES and AMY SCHATZ

Posted on 08/14/2008 9:39:39 PM PDT by FocusNexus

Under fire for being a technophobe, John McCain will unveil a technology agenda that bundles previously announced pro-business proposals with continued support for a hands-off approach to regulation.

The plan, dubbed "John McCain and American Innovation," is set to be released Thursday on the Republican presidential candidate's campaign Web site. It will call for a 10% tax credit on wages paid to all research-and-development employees. At the same time, it will reiterate Sen. McCain's opposition to Internet taxes and new laws guaranteeing net neutrality, the idea that Internet providers must treat all legal Internet traffic equally.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: business; economicpolicy; economy; elections; government; innovation; internet; mccain; mccainlist; mccainpolicy; taxes; technology

1 posted on 08/14/2008 9:39:39 PM PDT by FocusNexus
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To: FocusNexus

McCain’s Technolgy Plan, from his website:

http://www.johnmccain.com/Informing/Issues/CBCD3A48-4B0E-4864-8BE1-D04561C132EA.htm

“John McCain has a broad and cohesive vision for the future of American innovation. His policies will provide broad pools of capital, low taxes and incentives for research in America, a commitment to a skilled and educated workforce, and a dedication to opening markets around the globe. He’s committed to streamlining burdensome regulations and effectively protecting American intellectual property in the United States and around the globe.

....

John McCain Will Not Tax Innovation By Keeping Capital Gains Taxes Low. Cutting edge ventures fail more than they succeed and it takes daring to invest in unproven ideas. High capital gains taxes dampen incentives to create something new. Many will undoubtedly lose money trying to build clean energy technologies. It discourages the effort, to the detriment of society, if the government confiscates too large a share of the profits for those who succeed. “


2 posted on 08/14/2008 9:43:26 PM PDT by FocusNexus ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: FocusNexus
It will call for a 10% tax credit on wages paid to all research-and-development employees.

Great.. complicate the tax code further. Watch how many jobs now get reclassified as R&D jobs.

3 posted on 08/14/2008 10:03:43 PM PDT by Ron Jeremy (sonic)
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To: Ron Jeremy

Eheh, what’s your job? Well, most of my day is spent doing accounting, but for 2 hours every day I research better ways to count money. :-)


4 posted on 08/14/2008 10:11:19 PM PDT by coconutt2000 (NO MORE PEACE FOR OIL!!! DOWN WITH TYRANTS, TERRORISTS, AND TIMIDCRATS!!!! (3-T's For World Peace))
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To: coconutt2000

You don’t want better ways to count money, you want better ways to MAKE money ;) — and keep what you make and that certainly will not happen with President Obama.


5 posted on 08/14/2008 10:15:18 PM PDT by FocusNexus ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: FocusNexus
You don’t want better ways to count money, you want better ways to MAKE money ;) — and keep what you make and that certainly will not happen with President Obama.

Hey I'm just with R&D. For that you'll have to talk with management. ;-)

6 posted on 08/14/2008 10:18:18 PM PDT by coconutt2000 (NO MORE PEACE FOR OIL!!! DOWN WITH TYRANTS, TERRORISTS, AND TIMIDCRATS!!!! (3-T's For World Peace))
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To: Ron Jeremy

McCain at his soul is a populist, he wants to cover himself with the conservative mantle when it suits his purposes, but that “Maverick” thingee keeps getting in the way.

His hands off approach statement is good, but to me that is just marketing garbage since he throws in the 10% tax credit at the same time.

I really don’t think he believes in free enterprise given his continued use of Big Government solutions to problems imagined (Global Warming Scam) or real.


7 posted on 08/14/2008 10:38:47 PM PDT by SoConPubbie (GOP: If you reward bad behavior all you get is more bad behavior.)
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To: FocusNexus
If I'm a sole proprietor doing research and development do I get it too?
8 posted on 08/14/2008 11:03:09 PM PDT by Carry_Okie (Grovelnator Schwarzenkaiser, fashionable fascism one charade at a time.)
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To: FocusNexus; ShadowAce
"At the same time, it will reiterate Sen. McCain's opposition to Internet taxes and new laws guaranteeing net neutrality, the idea that Internet providers must treat all legal Internet traffic equally"

Well, that isn't good. Yet another reason not to like McCain, among many others. I wonder if these politicians and people that are against net neutrality have any clue what would happen to the internet if they had their way. If there wasn't net neutrality from the beginning, THIS website likely wouldn't exist as it is now.

9 posted on 08/14/2008 11:12:31 PM PDT by KoRn (CTHULHU '08 - I won't settle for a lesser evil any longer!)
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To: FocusNexus
John McCain Will Pursue High-Speed Internet Access For All Americans. John McCain has long believed that all Americans, no matter if rich or poor, rural or urban, old or young, should have access to high-speed Internet services and receive the economic opportunities derived from technology.

Woohoo!!! Free Internet for All!

10 posted on 08/14/2008 11:35:50 PM PDT by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: SoConPubbie
His hands off approach statement is good, but to me that is just marketing garbage since he throws in the 10% tax credit at the same time.

Oh, the 10% tax credit is just for starters. Read the whole thing, it's a hoot! Hands off approach (hah!)

11 posted on 08/14/2008 11:41:51 PM PDT by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: KoRn

McCain is NOT against net neutrality, he just doesn’t think there should be new laws.

At the end of the article:

“Sen. McCain maintains that Congress shouldn’t get involved in writing rules for the Internet. Any net-neutrality problems should be left to federal regulators like the FCC to deal with, he says.”


12 posted on 08/14/2008 11:41:51 PM PDT by FocusNexus ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: calcowgirl

Another out of context quote. You didn’t quote the rest, that makes it clear he is for private industry, not Federal government, to provide it.

Obama is for the government to “provide” everything, regulate everything, and therefore control everything and everyone. McCain and Republicans are for less government control and allowing private enterprise and capitalism to respond to market forces. The choice is clear.

“As President, John McCain would continue to encourage private investment to facilitate the build-out of infrastructure to provide high-speed Internet connectivity all over America. “


13 posted on 08/14/2008 11:47:18 PM PDT by FocusNexus ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: FocusNexus; KoRn
McCain is NOT against net neutrality, he just doesn’t think there should be new laws.

At the end of the article: “Sen. McCain maintains that Congress shouldn’t get involved in writing rules for the Internet. Any net-neutrality problems should be left to federal regulators like the FCC to deal with, he says.”

From your link in post#2:

"John McCain does not believe in prescriptive regulation like “net-neutrality,”
but rather he believes that an open marketplace with a variety
of consumer choices is the best deterrent against unfair practices."

14 posted on 08/14/2008 11:50:28 PM PDT by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: FocusNexus
You didn’t quote the rest, that makes it clear he is for private industry, not Federal government, to provide it.

Hey, no problem!

As long as he's giving out all those freebies, free internet for all, who am I to complain about who provides it?

Vote McCain--freep for free!

15 posted on 08/14/2008 11:52:30 PM PDT by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: rdb3; Calvinist_Dark_Lord; GodGunsandGuts; CyberCowboy777; Salo; Bobsat; JosephW; ...

16 posted on 08/15/2008 5:07:54 AM PDT by ShadowAce (Linux -- The Ultimate Windows Service Pack)
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