WASHINGTON -- Democratic presidential hopeful Hillary Rodham Clinton will call for a big boost in federal spending for research and technology in a campaign trip to California's Silicon Valley today.
The New York senator's "innovation agenda," as her campaign calls it, packages familiar and new initiatives that are sure to be popular with her audience at Applied Global University in Santa Clara, as well as the broader high-tech community, which favors Democrats with its votes and money.
Sen. Clinton's agenda won't be so popular with the Republican-leaning oil industry, which she would have either invest more in alternative-energy sources or contribute to a new federal Strategic Energy Fund, which ultimately would reach $50 billion.
The fund would underwrite an agency to coordinate research on energy and global-warming solutions among government, academia and the private sector. It also would provide tax incentives for homeowners and businesses to make energy-efficiency alterations, and for gas-station owners to install E85 pumps for ethanol-enhanced gasoline, and make loans to businesses developing energy and environmental technologies.
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