Technology and the New Economy
understands that hard-working entrepreneurs created the New Economy, not
government. But, as he has shown in Texas, which leads the nation in
high-tech job growth, government can create an environment in which
entrepreneurs flourish: an environment that encourages innovation, rewards
risk-taking, and promotes equal opportunity. Thus, as President, he will
support the growth of the New Economy by cutting taxes, encouraging
investment in R&D, curbing frivolous lawsuits, pursuing free trade and
implementing sensible export controls. To ensure that all Americans share
in the benefits of the New Economy, Governor Bush will reform education
through high standards and accountability, accelerate e-government, and
increase access to assistive technologies for Americans with disabilities.
Governor Bush's Principles
Entrepreneurship: Governor Bush recognizes that our new economy is
driven by the hard work and creativity of men and women in the private
sector -- and not by Government bureaucrats.
Education and Opportunity: The high tech industry is in great need
of highly skilled workers. Too many Americans are unable to fill these
jobs because they lack the necessary skills. To ensure that every child
has a quality education, Governor Bush will close the achievement gap
between disadvantaged students and their peers, improve math and science
instruction, and enhance the use of technology in the classroom.
Individual Empowerment: Governor Bush understands that just as the
Internet is transforming the relationship between customers and
businesses, so, too, can it transform the relationship between citizens
and government. Thus, he will promote e-government, shifting power from a
handful of leaders in Washington to individual citizens.
Promote Independence: Assistive technology is helping many of
America’s 54 million people with disabilities function, learn and live
independently. Too often, federal policies often act as a barrier to the
development and dissemination of assistive technology. Governor Bush will
remove these barriers by increasing funding for research, improving
federal coordination, and improving access.
A Comprehensive High Tech Policy
Governor Bush has a comprehensive plan to make government an ally of high
technology companies as they work to create jobs and keep our country
competitive in the international market. Governor Bush's high tech plan
encourages both growth and opportunity.
GROWTH: To support the continued growth of the New Economy,
Governor Bush will:
Raise the Cap on
H-1B: To meet the immediate needs of our competitive high tech economy,
Governor Bush supports a dramatic increase in the caps on H-1B visas for
temporary, high-skilled workers.
Legal Reform: Governor Bush understands that the litigation explosion
imposes significant costs on high technology companies and small
businesses. Thus, he has offered a comprehensive plan to reduce the
threat of junk and frivolous lawsuits, as he has done in Texas.
Strengthen R&D: To
encourage increased investment in research and development, Governor
Bush will: enact a permanent extension of the R&D tax credit, increase
the military R&D budget by $20 billion, and double the research budget
of the National Institutes of Health.
Promote Growth of
Responsible Biotechnology: To promote the growth of responsible
biotechnology, Governor Bush will stand firmly for the protection of
intellectual property and fight to open markets for our bioagriculture
Extend the Internet
Tax Moratorium: Governor Bush will ensure the growth of the Internet and
e-Commerce by passing up to a five year extension of the Internet tax
Reform the Export
Control Regime: Governor Bush is committed to reforming the current high
tech export control system that needlessly penalizes U.S. businesses
while failing to strengthen our national security.
Pursue Free Trade:
Governor Bush will work with Congress to restore Presidential trade
negotiating authority, which the current Administration has failed to
renew. In addition, he will work to make the Internet a duty and
tariff-free zone worldwide, fight to tear down non-tariff barriers to
trade in information technology, step up efforts to combat piracy of
American ideas and intellectual property, and promote the development of
internationally compatible e-commerce standards.
OPPORTUNITY: To ensure that all Americans share in the benefits
of the New Economy, Governor Bush will:
Comprehensive Education Reform: Governor Bush will reform the nation’s
public schools, as he has done in Texas, which is one of two states that
have made the greatest recent progress in education. He will close the
achievement gap, set high standards, and focus on results. States will
be offered freedom from federal regulation, in exchange for establishing
Use Technology to
Boost Student Achievement: Governor Bush will ensure that education
technology is used to boost student achievement, and strengthen math and
science education. Governor Bush has proposed creating a new, flexible
$3 billion fund to integrate technology in schools and libraries, and
$400 million in new money to help ensure that technology is boosting
Bring Technology into
the Community: Governor Bush will invest $400 million to create and
maintain more than 2,000 community technology centers every year. These
centers are providing such services as free Internet access, computer
literacy training, and professional skills development.
Investment in Assistive Technology:
Triple funding for
Rehabilitative Engineering Research Centers;
Create a new
“Technology Transfer Fund” to help bring assistive technology to market;
Increase tenfold the
funding for low-interest loan programs to help people with disabilities
purchase assistive technology;
Offer $75 million
annually in tax incentives and a new $20 million low interest loan
program to help people with disabilities telework.
Governor Bush will accelerate e-government by appointing a
government-wide Chief Information Officer, and by creating a $100
million fund to support interagency e-government initiatives.
GOVERNOR GEORGE W. BUSH’S HIGH TECH PLAN
As President, George W. Bush will set three main goals in the high
Lift barriers to
innovation and fight efforts in the United States and overseas to
impose new obstacles;
Help our nation develop and maintain a workforce prepared to seize the
opportunities of the high technology economy; and
Establish a stable
environment that encourages research and innovation in the private
sector and the military.
I. To lift barriers to innovation and fight efforts in the United
overseas to impose new obstacles, Governor Bush will:
Enact Comprehensive Legal Reform. Governor Bush has offered a
plan to reduce the threat of massive, unnecessary litigation. Governor
understands that an assault on high technology companies by trial
lawyers could have a disastrous
impact on the
nation’s high tech industries and the American economy as a whole.
Revamp the current export control system. Governor Bush has
comprehensive export control proposal to safeguard military technology,
allowing American companies to sell technology that is readily available
Pursue an international agenda that supports America’s high
As President, Governor Bush will fight to tear down the international
innovation that have already been raised, and work to ensure that new
ones are not
erected. Among other things, he will work to:
¨ Make the Internet a duty and tariff-free zone worldwide.
¨ Fight to tear down non-tariff barriers to trade in information
¨ Step up efforts to combat piracy of American ideas and intellectual
¨ Promote the development of internationally compatible standards for
II. To help our nation develop and maintain a workforce prepared to
opportunities of the high technology economy, Governor Bush will:
Increase the current limit on “H-1B” visas. This increase in
temporary, high-skilled workers is crucial to the competitiveness of our
high technology companies facing a shortage in computer engineers,
software programmers and technicians.
Reform schools that do not work and will not change by eliminating
oligopolies, raising standards, measuring progress, and blowing
the whistle on failure The longterm solution to a shortage of
prepared workers is not immigration. It is education.
As President, Governor Bush will give more flexibility and authority to
states – but encourage local authorities to measure results for every
Expand Education Saving Accounts. Governor Bush will allow
individuals with incomes up to $150,000 to contribute up to $5,000 per
education savings accounts which parents can withdraw tax-free for
III. Establish a stable environment that encourages research and
the private sector and the military.
Support a permanent tax credit for research and development. Last
took a step in the right direction by passing a five-year extension of
As President, George
W. Bush will lead the Congress to make the credit a permanent part of
our tax code.
Strengthen research and development in the military. A
emphasis on research and development will be required to ensure that our
military is fully prepared to meet future challenges and to realize the
full promise of new technology. As President, Governor Bush will
increase the defense R&D budget by
$20 billion from FY 2002-FY2006 and will direct the Secretary of Defense
to earmark at least 20 percent of the total procurement budget for
acquisitions programs that propel America generations ahead in military
Governor Bush passed strong measures to end frivolous lawsuits, created
incentives for research and development by providing an R&D tax credit,
and invested in education technology. He increased funding for math and
science advanced placement programs ten-fold. In addition, Governor Bush
cut the Internet access and data processing taxes to make access to the
Internet affordable for everyone. As a result, under Governor Bush’s
Texas is 1st in
the nation in high tech export growth (1997-1999)
Texas ranks 2nd in
high tech job growth
Texas ranks 2nd in
high tech employment
More than 90 percent
of Texas public schools now have Internet access, and all 57 community
colleges have received state technology grants. Over 2,300 Texas
schools and 562 of 578 rural school districts have received technology
grants since the Governor took office.
Texans saved over
$2.9 billion in insurance rate reductions, thanks to comprehensive legal
reform to discourage frivolous lawsuits enacted under Governor Bush.
Texas is now an
established biotechnology leader, employing over 50,000 in the industry
and receiving $900 million in NIH grants in 1998.
On July 3, 2000,
Texas launched its e-Government Portal, which will enable individuals
and businesses to conduct state business online. When fully implemented,
the Website will provide businesses and individuals with one-stop
Internet access for conducting transactions with state and local
Source: George W. Bush for President 2000 Web Site