Joint Venture's Council on Tax and Fiscal Policy's Position on the Administration's Export Source Proposal Position The Administration's budget proposal to change the export source rule to an activity-based rule should not be enacted. A significant part of the economic success of Silicon Valley has stemmed from its continuous growth in exports.
Exports create high-quality jobs that benefit the local, state and national economies.
Loss of these jobs and the job growth potential which stem from exports would have a negative impact on US companies, and consequently, the revenues of governments at all levels and the US economy as a whole. Government policies that encourage these attributes will obviously promote them. More information The attached paper more fully explains our position. PDF format of the attached paper. Silicon Valley Network is a non-profit dynamic model for regional rejuvenation.