Senator Lamar Alexander (R-Tenn.), chairman of the Senate Republican Conference, today joined Republican Policy Committee Chairman Kay Bailey Hutchison (R-Texas), Conference Vice Chairman John Cornyn (R-Texas), and Senator Orrin Hatch (R-Utah) to outline American competitiveness initiatives that will create jobs and grow the economy.
“Maintaining America’s brainpower advantage is the best way for us to stay competitive and keep our high standard of living, grow the economy, and create more good-paying jobs here at home,” Alexander said. “If we don’t act, we’ll wake up 10 years from now and wonder how countries like China and India could have come so far, so fast. To keep our competitive edge, we need to fund more scientific research, train and inspire the next generation of scientists, and insource brainpower from around the world. That’s how we keep our secret weapons for economic growth – research universities like Vanderbilt and laboratories like the Oak Ridge National Laboratory – at the cutting edge. There is no better time than now, when America is dealing with an economic slump, to act on these proposals.”
Alexander and his Senate colleagues have introduced legislation to create jobs and grow the economy through American competitiveness:
• R&D tax credit: Congress must improve and make permanent the tax credit for research and development so that American companies can compete.
• Highly skilled workers: Congress must work to retain the best and brightest highly skilled workers from around the world by expanding the H-1B visa program so they stay and help create good jobs here in this country.
• Funding for the America COMPETES Act: Congress must make investment in scientific research and education a priority in order for America to continue to compete in the global marketplace.