With Tax Credits Author: Dudley G. Moon and John W. Fenton II

For American science, it is "the best of times and the worst of times." Progress in many fields, particularly biomedical research, borders on the fantastic. At the same time, science education is described in the media as being in shambles, the physical infrastructure of science is crumbling, and the morale of many scientists is at an all-time low.

Why is this happening? The stock answer to this question is that there are insufficient governmental funds to support science. Although adequate funding is essential, we believe that the assumption that all of our problems stem from too little government or federal funding is flawed. We believe that the root cause of our current problems is the lack of true economic growth in both American scientific research and industrial productivity and that both must be revitalized.

Following World War II,...

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