IT investments in the US threatened by "economic macro forces", says Oregon Senator

Iria · Dec 1, 2005, 04:26 PM

Hillsboro (OR) - With countries in Asia-Pacific leveraging huge tax incentives to convince chip manufacturers to build plants in their countries, it is not a secret that such investments are getting less attractive in the US. Oregon Senator Gordon Smith today said that the US needs to "get its act together" quickly - and Governor Ted Kulongoski even conceded that his State "can't compete with China or Singapore" on a financial basis.

Technology firms have been complaining about a lacking vision of the US government in education, immigration and taxation topics for years. Especially Intel uses every opportunity to explain its concerns - and it was no surprise that it found supporters to speak during its "Strategic Summit" on Wednesday.
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Read More / Source: TG Daily

Dec 1, 2005, 04:26 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	IT investments in the US threatened by "economic macro forces", says Oregon Senator Hillsboro (OR) - With countries in Asia-Pacific leveraging huge tax incentives to convince chip manufacturers to build plants in their countries, it is not a secret that such investments are getting less attractive in the US. Oregon Senator Gordon Smith today said that the US needs to "get its act together" quickly - and Governor Ted Kulongoski even conceded that his State "can't compete with China or Singapore" on a financial basis. Technology firms have been complaining about a lacking vision of the US government in education, immigration and taxation topics for years. Especially Intel uses every opportunity to explain its concerns - and it was no surprise that it found supporters to speak during its "Strategic Summit" on Wednesday. ____________ Read More / Source: TG Daily