Sunday, November 15, 2015

More confusion from Mytheos Holt

House speaker Ryan is looking to get important things (like the budget) done without controversy.
Patent reform in November 2015 does not fit the bill. There has been increased opposition since the time the House last voted in favor of the Goodlatte bill.

But see

RedState noted:

Rep. Paul Ryan (R-WI) is on the mainstream conservative side, opposing the grab bag bill that died this Congress.


BUT the cited link in RedState is to a 2011 action related to HR 1249: Thankfully, Representatives Paul Ryan (R-WI), chair of the House Budget Committee, and Harold Rogers (R-KY), chair of the House Appropriations Committee, recently wrote a letter to Representative Lamar Smith (R-TX), chair of the Judiciary Committee responsible for the bill, expressing their dismay at this proposal

**Although Ryan does not seem to have spoken strongly on the Innovation Act, he has been interested in "patent box" concepts:

In recent weeks, a major concept has emerged in tax reform discussions: the establishment of a patent or innovation box.

The patent box is a mechanism that is used to encourage domestic innovation and the commercialization of innovative new products. Several major US trading partners already use patent or innovation boxes as part of their tax regimes.


Both Senator Hatch and House Ways and Means Committee Chairman Paul Ryan (R-WI) have indicated they are working closely with the Administration on tax reform and all share a deep concern that if they fail to act on business and especially international reform in this Congress, the US will see a vast number of American companies move their domiciles overseas to reduce their US tax burdens. In remarks at a private event, Chairman Hatch conceded that the patience of US multinationals has run its course; they will not wait beyond this year for Congress to act, and as a result, both he and Chairman Ryan need to find a way to “walk through the door” of business tax reform this year.



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