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New Industry Taxes Boost Science Budget

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Science  02 Mar 2001:
Vol. 291, Issue 5509, pp. 1685
DOI: 10.1126/science.291.5509.1685

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RIO DE JANEIRO-- A new tax covering eight industrial sectors is expected to generate many times the current level of spending for research aimed at strengthening the economy. Although most scientists applaud the additional resources and look forward to closer ties with industry, some are worried that the money may not be well spent, that basic academic research may suffer, and that the mechanism gives the government an excuse to reduce its own contribution to research.