But the venture would also very likely find that the amounts it would raise went down by 24% — for a typical Israeli venture that would mean getting $87,000 less in the Seed round, and $361,000 less in the series A round.
Lawmakers agreed, but they also heavily revised his initiative, increasing the amount of revenue it would raise through taxes.
But aides to the governor say that the Senate plan contains at least two basic errors — and a review of the data backs up their critique: the Senate plan overstates the amount of money it would raise over the next two years by more than $700 million.
"If a company didn't spend significant amounts on R&D, it would raise questions in my mind," said Baruch Lev, a professor of accounting at New York University.
When I was interviewed on BBC News on 27 May, and before that in December 2010 following the protests that had seen me dragged out of my wheelchair by the police, I never could have imagined the sheer amount of disablist prejudice it would raise from the public.
The declines in Asia and Europe came after China's central bank announced it would raise the amount of cash that banks need to hold in reserve.
Japan's central bank said it would raise the amount pushed into the system each year to ¥80tn (£447bn) from ¥60-70tn a year previously, mainly through the purchase of government bonds.
The plan's supporters said it would raise huge amounts of money for the government in its early stages, as investors sold off stocks and other holdings to take advantage of the reduced tax.
Chas Roy-Chowdhury, head of taxation at the Association of Chartered Certified Accountants, said the government had latched on to tax avoidance as a crowd-pleaser, but it would raise only limited amounts of cash.
The snag with this proposal is that it would raise only a modest amount of money even now only 40% of students pay the full amount but could deter access.
