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May 25, 2021
China has been rapidly closing the gap with the United States when it comes to research and development investments, experts tell us. But President Joe Biden left the impression in a Michigan speech that the U.S. has already fallen far behind China.
“You know, we used to invest more in research and development than any country in the world and China was number eight or, excuse me, number nine. We now are number eight and China is number one,” Biden said on May 18 at a Ford plant, where he pitched his American Jobs Plan, which the administration has reduced to $1.7 trillion over 10 years in an attempt to gain congressional support.
01 Apr 2021 | News
Biden unveils historic $325B research and innovation plan
Massive R&D proposal is part of US President’s ‘once in a generation’ $2.3T infrastructure plan – but opposition will be intense in Congress
US President Joe Biden.
US President Joe Biden on Wednesday unveiled a massive $325 billion research, innovation and pandemic preparedness plan that, if signed into law, would see the country’s biggest increase in its federal non-defence R&D spending on record.
The spending is part of a sprawling $2.3 trillion infrastructure-investment proposal, called the American Jobs Plan, that would direct billions over eight years to initiatives such as charging stations for electric vehicles, boosting broadband coverage, eliminating lead water pipes and repairing ageing bridges. The main plan faces near-unanimous Republican opposition; but historically, science funding often gets broad, bipartisan support in Congress, so odds are that at least some of the R&D
Task Force on American Innovation Hosts Webinar Briefing on Need for Increased Science and Technology Funding
Webinar panelists say major increase in federal investment in innovation is needed to drive economic growth
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WASHINGTON, March 12, 2021 /PRNewswire/ The Task Force on American Innovation, a nonpartisan alliance of leading American companies, business associations, research universities, and scientific associations, hosted a webinar titled,
Innovation in Crisis: Emerging from a Pandemic to Restore American Competitiveness. The briefing featured prominent leaders from industry and academia who called on Congress to prioritize research funding by dramatically increasing investments in science and technology, so the United States is well positioned to drive future economic growth through innovation.