One of the basic principles of an innovation-based tax policy is that government should “tax bads, not goods.” This is the idea behind proposals such as using carbon taxes to pay for an expanded research and development tax credit. So why would the government want to tax Internet access when, according to the McKinsey Global Institute, the Internet accounts for 3.8 percent of U.S. GDP?
America’s Broadband Success Story
In his recent LA Times op-ed Harold Feld fails to deliver much analytic value. Instead of attacking ITIF’s New York Times opinion piece as Pollyanna advocacy because he doesn't approve of the facts, Feld should digest the impact that changing circumstances have on Internet policy.