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Another relatively quiet week lies ahead on Capitol Hill. Several House committees have their organizational meetings scheduled while the Senate has yet to return. No relevant hearings are scheduled.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.
Unless you completely unplugged over the holidays, you know that if Democratic and Republican lawmakers could not bridge their differences on how best to reduce the nation's budget deficit and debt, the Budget Control Act of 2011 mandated a combination of spending cuts and tax increases to take effect January 1, 2013. While Washington kicked the can down the road on budget cuts, the cliff was avoided – but what does the deal mean for American entrepreneurs?
According to the latest index from the Small Business & Entrepreneurship Council, South Dakota has the most entrepreneur-friendly policy environment in the U.S. The U.S. Business Policy Index evaluates each of the states on 46 policy measures with an emphasis on taxes, regulatory burdens and government spending.
The 113th Congress was sworn into office on Thursday last week. There are 97 new members, but little change from the 112th. The Senate has 13 new members with the Democrats maintaining control -- increasing their edge to 55-45. The House of Representatives has 84 new members with the Republicans maintaining control -- slipping a few seats to outnumber Democrats 233-200.
With 2012 now in the rearview mirror, we take a look at the most popular PDE posts at entrepreneurship.org. Global content dominates the top of the list with six of the ten posts covering Africa, Brazil, Canada, Chile, the United Kingdom and a global ranking of the top startup ecosystems.
With the holiday season approaching, almost all eyes in Congress are on the fiscal cliff deadline that is now only two weeks ahead. A recent proposal from House Speaker John Boehner with a couple of key concessions have led to a cautious optimism that a deal will be in place before long. In the meantime, the committee hearings schedule on Capitol Hill is quiet on the entrepreneurship front.
As fiscal cliff talks continue amid mutual claims of ‘distrust’ from both parties, other discussions continue on Capitol Hill. The five FCC commissioners are scheduled to appear before the House Committee on Energy & Commerce this week to discuss spectrum auctions and other efforts to meet the soaring demand for wireless broadband services. The auctions were part of the Middle Class Tax Relief and Job Creation Act of 2012 and originated in the House Energy and Commerce Committee as Chairman Walden’s Jumpstarting Opportunity with Broadband Spectrum (JOBS) Act. Other hearings cover the future of NASA, tax incentives to promote energy efficiency and small business recovery efforts following Hurricane Sandy.
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