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	<title>The CEO Game &#187; R&amp;D Taxes</title>
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		<title>Eric Knows Best</title>
		<link>http://www.theceogame.com/2010/02/eric-schmidt-knows-best/</link>
		<comments>http://www.theceogame.com/2010/02/eric-schmidt-knows-best/#comments</comments>
		<pubDate>Fri, 12 Feb 2010 11:41:21 +0000</pubDate>
		<dc:creator>omers</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Financial Crisis]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[R&D Taxes]]></category>
		<category><![CDATA[Start ups]]></category>

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		<description><![CDATA[Yesterday (Thursday), the Washington Post has published a letter sent by Google&#8217;s CEO Eric Schmidt, portraying Eric&#8217;s five step plan for changing the American economy upside down and making a real change. Here are some of the key points:

Congress      should help start-ups. He      claims that [...]]]></description>
			<content:encoded><![CDATA[<p>Yesterday (Thursday), the Washington Post has published a letter sent by Google&#8217;s CEO Eric Schmidt, portraying Eric&#8217;s five step plan for changing the American economy upside down and making a real change. Here are some of the key points:</p>
<div id="attachment_880" class="wp-caption alignright" style="width: 93px"><a href="http://www.theceogame.com/wp-content/uploads/2010/02/eric-schmidt.jpg"><img class="size-full wp-image-880" title="Eric Schmidt." src="http://www.theceogame.com/wp-content/uploads/2010/02/eric-schmidt.jpg" alt="Eric Schmidt." width="83" height="128" /></a><p class="wp-caption-text">Eric Schmidt.</p></div>
<ul>
<li><strong>Congress      should help start-ups.</strong> He      claims that smaller businesses should be able to compete with their larger      rivals: &#8220;They don&#8217;t need favors, just a level playing field. Congress      should ensure that every bill it passes promotes competition over      protecting the interests of incumbents&#8221;.</li>
<li><strong>We need to      realize that not everything we do will succeed. </strong>&#8220;If we want      to be a leader in new industries such as green energy, we have to accept      that some of our investments won&#8217;t pan out.&#8221; Schmidt says there are      no 100 percent successful innovative programs and society must become      tolerant to failure on the way.</li>
<li><strong>Extend R&amp;D      taxes.</strong><strong> </strong>Schmidt wants      more emphasis on our knowledge base: &#8220;The decision by Congress to      double science funding last year was a big step in the right direction.      Now we need to extend the R&amp;D tax credit so businesses can confidently      invest in their future.&#8221;</li>
<li><strong>More government      support for broadband is critical</strong>. &#8220;Government-funded research      should be made public through &#8220;a Wikipedia of ideas,&#8221; so      entrepreneurs can harness ideas commercially.&#8221;</li>
<li><strong>Let me hire      foreigners</strong>.      Eric requests to hang on to talented people: &#8220;The best and brightest      from around the world come to study at U.S. universities. After      graduation, they are forced to leave because they can&#8217;t get visas. It&#8217;s      ridiculous.</li>
</ul>
<p>In conclusion in his letter the searching giant&#8217;s CEO lays out what he thinks should be done in order to fight the high unemployment rate, the lack of innovation which is also known as the &#8220;innovation deficit&#8221; and more. He believes we have everything we need in order to climb out of this downhill, and that information and innovation are the keys to success.<br />
<a href="mailto:omer@theceogame.com">Omer  Shachnai</a></p>
<p><strong>The CEO Game</strong>.</p>
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