Fergie's Tech Blog

President Bush to Visit Cisco on Friday

Marguerite Reardon writes on the C|Net Cisco Blog:

President George W. Bush is heading to Northern California this weekend where he's expected to pitch his ideas for improving the country's technological competitiveness and developing new fuel options.

First stop on Friday is Silicon Valley, where the president will attend an event at the campus of tech giant, Cisco Systems in San Jose. The president is expected to pitch the American Competitiveness Initiative, a proposal which would double government funding for basic research in the physical sciences.

If Congress approves the initiative, the government will pay for thousands of new science and math teachers to be trained. The initiative would also extend a popular tax credit to businesses investing in research and development. The proposal will likely cost tax payers in the neighborhood of $136 billion over 10 years.

posted by Fergie @ 4/19/2006 04:57:00 PM