Representatives of 36 conservative organizations sent a letter yesterday to Secretary of Commerce Howard Lutnick, appealing to him as an inventor to walk back his proposal to charge a 1%-5% patent “tax” on the value of granted U.S. patents. Lutnick’s proposal was first reported by the Wall Street Journal in July. While few details have been revealed about the plan still, it has drawn harsh criticism, including by IPWatchdog’s Founder and CEO Gene Quinn, whose article was quoted in the conservative groups’ letter. Quinn called the idea “catastrophically stupid” and “fraught with peril.”
The post Conservatives Appeal to Lutnick’s Inventor Roots in Urging Him to Drop ‘Patent Tax’ Proposal appeared first on IPWatchdog.com | Patents & Intellectual Property Law.

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