1. Innovation. Science and technology have been responsible for half of the growth of the American economy since WWII. But several recent reports question America’s continued leadership in these vital areas. What policies will you support to ensure that America remains the world leader in innovation?

Obama

McCain

Ensuring that the U.S. continues to lead the world in science and technology will be a central priority for my administration. Our talent for innovation is still the envy of the world, but we face unprecedented challenges that demand new approaches. For example, the U.S. annually imports $53 billion more in advanced technology products than we export. China is now the world’s number one high technology exporter. This competitive situation may only worsen over time because the number of U.S. students pursuing technical careers is declining. The U.S. ranks 17th among developed nations in the proportion of college students receiving degrees in science or engineering; we were in third place thirty years ago.

My administration will increase funding for basic research in physical and life sciences, mathematics, and engineering at a rate that would double basic research budgets over the next decade. We will increase research grants for early-career researchers to keep young scientists entering these fields. We will increase support for high-risk, high-payoff research portfolios at our science agencies. And we will invest in the breakthrough research we need to meet our energy challenges and to transform our defense programs.

A vigorous research and development program depends on encouraging talented people to enter science, technology, engineering, and mathematics (STEM) and giving them the support they need to reach their potential. My administration will work to guarantee to students access to strong science curriculum at all grade levels so they graduate knowing how science works – using hands-on, IT-enhanced education. As president, I will launch a Service Scholarship program that pays undergraduate or graduate teaching education costs for those who commit to teaching in a high-need school, and I will prioritize math and science teachers. Additionally, my proposal to create Teacher Residency Academies will also add 30,000 new teachers to high-need schools – training thousands of science and math teachers. I will also expand access to higher education, work to draw more of these students into science and engineering, and increase National Science Foundation (NSF) graduate fellowships. My proposals for providing broadband Internet connections for all Americans across the country will help ensure that more students are able to bolster their STEM achievement.

Progress in science and technology must be backed with programs ensuring that U.S. businesses have strong incentives to convert advances quickly into new business opportunities and jobs. To do this, my administration will make the R&D tax credit permanent.

I have a broad and cohesive vision for the future of American innovation. My policies will provide broad pools of capital, low taxes and incentives for research in America, a commitment to a skilled and educated workforce, and a dedication to opening markets around the globe. I am committed to streamlining burdensome regulations and effectively protecting American intellectual property in the United States and around the globe.

Transformative information and communications technologies permeate every aspect of our daily lives. In the last decade, there has been an explosion in the ways Americans communicate with family, friends, and business partners; shop and connect with global markets; educate themselves; become more engaged politically; and consume and even create entertainment. America has led the world into this technology revolution because we have enabled innovation to take root, grow, and prosper. Nurturing technology and innovation is essential for solving the critical problems facing our country: developing alternative fuels, addressing climate change, encouraging commercialization of new technologies, deploying technology to manage cost and enable new jobs, stopping the spiraling expense of health care, and better educating our children and our workforce.

I am uniquely qualified to lead our nation during this technological revolution. While in the Navy, I depended upon the technologies and information provided by our nation’s scientists and engineers with during each mission. I am the former chairman of the Senate Committee on Commerce, Science and Transportation. The Committee plays a major role in the development of technology policy, specifically any legislation affecting communications services, the Internet, cable television and other technologies. Under my guiding hand, Congress developed a wireless spectrum policy that spurred the rapid rise of mobile phones and Wi-Fi technology that enables Americans to surf the web while sitting at a coffee shop, airport lounge, or public park.

Above all, my commitment to innovation is a commitment to the well-established entrepreneurial spirit and creativity of America’s thinkers and tinkerers whose inventions have improved our lives and promoted prosperity. To maintain American leadership, I believe we must nurture the conditions under which entrepreneurs can continue to prosper by bringing new innovators to market and the American people can reap the rewards.

As President, I will ---

• Focus on addressing national needs to make the United States a leader in developing, deploying, and exporting new technologies;
• Utilize the nation’s science and technology infrastructure to develop a framework for economic growth both domestically and globally;
• Appoint a Science and Technology Advisor within the White House to ensure that the role of science and technology in policies is fully recognized and leveraged, that policies will be based upon sound science, and that the scientific integrity of federal research is restored;
• Eliminate wasteful earmarks in order to allocate funds for science and technology investments;
• Fund basic and applied research in new and emerging fields such as nanotechnology and biotechnology, and in greater breakthroughs in information technology;
• Promote greater fiscal responsibility by improving the scientific and engineering management within the federal government;
• Encourage and facilitate commercialization of new innovations, especially those created from federally funded research;
• Ensure U.S. leadership in space by promoting an exploration agenda that will combine the discoveries of our unmanned probes with new technologies to take Americans to the Moon, Mars, and beyond;
• Grow public understanding and popularity of mathematics and science by reforming mathematics and science education in schools;
• Leverage technologies to create employment in rural areas and deploy the displaced workforce;
• Create greater transparency in government and encourage more citizens-government dialogs using current technology; and
• Develop and implement a global competitive agenda through a series of business roundtables with industry and academia leaders.