How to encourage American innovation

Source: Washington Post (Free Registration)

With the debt-ceiling crisis over for now, President Obama has tried to turn the conversation to “new jobs, higher wages and faster economic growth.” Among the developments that could spur such improvements, the White House says, are tax cuts for the middle class, congressional approval of stalled trade deals and — yes — patent reform. “Through patent reform,” Mr. Obama proclaimed, “we can cut the red tape that stops too many inventors and entrepreneurs from quickly turning new ideas into thriving businesses.”

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