Scientists & Engineers for America Action Fund

Clinton announces “insourcing” initiative.

Hillary ClintonSEA just updated the SHARP Network with Senator Clinton’s new “insourcing” initiative announced on April 2nd at the “21st Century Jobs Summit” in Pittsburgh. The plan is designed to incentivize US firms to stop outsourcing jobs.

The plan includes:

  • Creating 15 innovation and research clusters across the country: the federal government will provide $500 million worth of competitive matching “cluster innovation grants” for state and local governments to stimulate their economies. The plan also includes tax exempt bonds for state and local governments to build research parks.
  • Expanding the R&D tax credit: increasing the current R&D tax credit from 20% to 30% and creating a new 40% incremental credit for “qualified investments” in basic research.
  • Catalyzing a high-tech manufacturing sector: creating a annual $500 million “Made in Green America” fund towards help manufacturers move to infrastructure to create clean energy technologies, doubling the G-MEP (Green-Manufacturing Extension Partnership), and creating a Manufacturing Advanced Research Projects Agency (MARPA).
  • Creating a $5 billion “”Insourcing” Markets Tax Credit.”
  • Closing loopholes in our tax system that make it easy for corporations to move jobs overseas.

    • This entry was posted by Michael Stebbins on April 3, 2008 at 9:35 am and filed under Presidential Candidate.

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