More than 30 conservative groups oppose the new Patent Tax Tax Plan for the Trump Administration

First on the fox: More than 30 conservative organizations sent a message to the Minister of Commerce, Howard Lootnick, on Tuesday, rejecting the Trump administration plan for it Imposing a new patent tax.

Americans for tax reform and conservatives for property rights and the National Tax Union are among conservative monitoring and policy groups that lead the alliance against “unprecedented change that is being viewed of the American patent system.”

according to Wall Street MagazineLutnick discussed 1 % patent holder to 5 % of the total patent value. This would significantly increase the fees to support revenues to pay the government budget deficit.

In a message addressed to Lutnick, conservative organizations argue that the new patent tax will undermine the advantages that reduce the taxes listed in the Law of the Bill of President Donald Trump the Great, which has been tightly passed in Congress earlier this year.

Reports warn that the induction uncertainty threatens $ 490 billion in the United States.

Tax organizations describe as “inverse results in the maximum” and “risky and unintended”. They argue that raising revenue for the federal government is strictly contradicting with the “patent system based on the user’s followers today, which funds its operations from the flow of dedicated revenue.”

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James Edwards, founder and CEO of Conservative Rights of Property Rights, described the floating plan “US innovation tax” which “is definitely not a conservative policy” in a statement by Fox News Digital.

Edwards added: “It radically leaving for a successful American patent system that is more than 200 years old. Establishing a patent tax that will lead to reverse results. It will lead to the return of investment in the most valuable technologies and exchange funds that will enter into the research and develop the company.”

Conservatives called it a “badly bad rights leader Tax policyBad Innovation Policy, Bad Competitive Policy, and the government’s infringement of private property rights. “

The coalition of conservative organizations put five major differences with the patent tax in the letter to Lutnick.

First, they said that he would undermine the benefits of lowering taxes in TrumpA beautiful, beautiful draft law law, investment leadership away from the United States. Second, the leaders said that the tax will reduce the American global leadership and threaten local jobs and investments.

Third, the organizations have argued that setting a value for innocence may stop their long -term success and similar to the wealth tax. Fourth, they only argue Condigrams can impose a tax.

Fifthly and finally, the conservative coalition argues that it is a patent tax “that will directly display the United States in the global race to lead innovation.” They say the risks are greater in emerging techniques, including semiconductors, medicine, quantum computing, artificial intelligence, energy, advanced materials, navigation, and national security.

Conservative leaders argue that “Lottennic” as an inventor “is that” a patent only guarantees the exclusive private property rights that belong to the inventor “and guarantees” the opportunity of the patent owner who is not restricted to marketing and benefiting from time and effort invested in the creative chase. “

The coalition said, “The decrease in the most abundant taxes and innovation enables our nation to get rid of China and other foreign competitors,” on the pretext that “economic freedom is the path of innovative dynamism and success.”

Conservative leaders also cite that President Donald Trump Junior, who wrote in A. Caller’s opinion article daily This patent law allows this “Those who dream and work hard to reap their efforts and enhance innovation in a capitalist system.”

“These words cannot be more relevant and stronger today. Therefore, we strongly urge the Ministry of Commerce to drop any other patent tax, and instead, it allows the useful effects of OBBA to the president to root.”

“The last thing that the administration should consider is a proposal that takes a page from the left -playing book on wealth taxes.

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He argues that the tax will be “very complicated for management, costly for compliance and penalties mainly towards successful innovation.”

“The American dream is facing many obstacles from the government,” Seeb said.

Fox News Digital has arrived at White House To comment.