It would keep Government from piling on taxes that will strangle the infant Internet commerce industry in its cradle. It also will allow the States to come up with a rational system by which to tax Internet commerce. Another area in which governmental action has threatened our hitech. information age industry has been Immigration. I am proud that we pushed back efforts during the last Congress to radically reduce the numbers of immigrants coming legally into this country. I firmly believe that immigration is the American way. and because I know that legal immigration is crucial to our hitech industry. For example. 40 percent of Cypress Semiconductors toplevel management is foreignborn. Chief Financial Officer Manny Hernandez is from the Philippines. vice president of research and development Tony Alvarez is from Cuba. And this immigrantdriven company employs 1.800 people in the United States. Immigrants give America an entrepreneurial edge. In 1995 12 percent of the "Inc." 500a compilation of the fastest growing corporations in Americawere started by immigrants. They also give us an edge in innovation. Immigrants make up nearly a third of all Ph.D.s involved with research and development in science and engineeringthe basis for innovation and economic growth. Immigrants also fill needed roles. particularly in the engineering field.
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