The House Democrats have released the outline of their American Reinvestment proposal. There is a lot in there, including a number of items to stimulate innovation, such as increased funds for the Technology Innovation Program and the Manufacturing Extension Program, money for R&D facilities and equipment, education, training, investments in new IT project for government, and funds for energy technologies and health care information technologies.
While it is a big bill - $825 billion -- it is very much a targeted stimulus plan. Not a lot of new initiatives or breakthrough new policies. So, keep in mind, once it is passed, the work of evaluating and crafting new policies will begin.
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