TechNet Statement on 2014 Fiscal Budget

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April 10, 2013

TechNet Statement on 2014 Fiscal Budget

Washington, DC – TechNet, the bipartisan policy and political network of technology CEOs that promotes the growth of the innovation economy, issued the following statement in response to President Obama’s proposed budget for the 2014 fiscal year.

“TechNet applauds the White House for the increased investment in education and research as part of his FY 2014 budget,” said Rey Ramsey, President and CEO of TechNet. “The fact is R&D is the lifeblood of our innovation economy and these investments will help America with the cutting-edge discoveries that turn into to dynamic companies. At the same time, the U.S. produces too few qualified workers in the fields of science, technology, engineering and math (STEM). Ensuring that there are enough workers to fill high-skilled vacancies will help the economy by fueling innovation and job growth, and we are pleased that the proposal includes this investment. Furthermore, we are pleased that the White House has increased information technology spending. Investment in IT allows the government to operate more efficiently and must be a priority.

“While we agree with the Administration that we need to reform the corporate tax code, we are concerned that the proposed changes do not promote economic growth or reflect the challenges of doing business in our global economy. The U.S. needs a modernized tax structure that will bring America in line with its G-20 partners, help American companies to compete worldwide, and incentives growth and jobs, not punishing success.”

About TechNet:
TechNet is the national, bipartisan network of CEOs that promotes the growth of technology industries and the economy by building long-term relationships between technology leaders and policymakers and by advocating a targeted policy agenda. TechNet’s members represent more than one million employees in the fields of information technology, biotechnology, e-commerce and finance. TechNet has offices in Washington, D.C., Palo Alto, Sacramento, Seattle, Boston and Austin. Web address: You can also follow us on Facebook and Twitter at @technetupdate.

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