The National Dialogue on Entrepreneurship reports on a plan introduced by Democrats called The Innovation Agenda: A Commitment to Competitiveness to Keep America No. 1. NDE calls the Democrat's plan "a bold statement of legislative priorities designed to build a skilled and talented workforce, to advance scientific research, and to nurture entrepreneurship."
I beg to differ.
Much their plan proposes massive expansion of federal agencies to pick and choose economic winners. This plan will not work. Government bureaucrats are not the best at choosing economic winners and losers. That is what the market does best.
They throw a couple of political bones to try and make their attempt to expand the government's control of the economy palatable. They include proposals to simplify Sarbanes-Oxley for smaller companies (a good idea at face value) and tax credits for small businesses to offer health insurance. The tax credit idea is bad policy, as credits are not deductions for expenses incurred, but an actual redistribution of tax revenues paid by another source.
Let's not be fooled into accepting yet another plan to expand the federal government.
