The high-tech industry is responsible for 44 percent of domestic economic growth since 1994. To keep this engine of growth moving, we must remove the heavy hand of government regulation and taxes. That is why CSE believes we must keep the Internet free from taxation . Yet, in today s global economy many of the barriers to growth faced by the high-tech industry are created in foreign markets. America must find a way to break down barriers imposed by foreign governments.
China is a prime example.
By next year, experts estimate 20 million Internet users in China, which represents a huge and rapidly growing opportunity for America s cutting edge industry. But today, Chinese government barriers keep America s high-tech industry from seizing these opportunities. For example, high tariffs on computers and computer chips keep U.S. products out of the Chinese market. Arcane technology transfer rules discourage investment by our most productive industries. America can remove these obsolete barriers in China.