Fueling American Innovation and Recovery: The Federal Role in Research and Development

Video Description

Event ID=110869 Government investments in research and development (R&D) have been central to American innovation and prosperity. Today, reinvigorating and improving our science and engineering capabilities can help our nation address the crises we now face – systemic inequality, an ongoing pandemic, and an historic economic downturn – while better preparing our nation for the future. Despite this immense potential, federal R&D funding as a share of the economy has fallen from barely 1.9 percent in the mid-1960s to less than 0.7 percent in 2018. On July 8th, the House Budget Committee will hear testimony on the importance of government investments in R&D for our public health, economic recovery and productivity, quality of life, and ability to respond to current crises and emerging challenges. Additional information: https://budget.house.gov/publications/report/hearing-fueling-american-innovation-and-recovery-federal-role-research-and https://budget.house.gov/legislation/hearings/fueling-american-innovation-and-recovery-federal-role-research-and-development Check out our full video catalog: http://bit.ly/2vC1sSX Follow House Budget Dems on Twitter: http://bit.ly/2IhtHZX Follow House Budget Dems on Facebook: http://bit.ly/2TiKrX2 The House Budget Committee Democratic Caucus is fighting for budget priorities that reflect the values of families across the country. We are committed to investing in our country's future, growing the economy, and preserving the progress we've made in areas like employment, health care, and tax fairness – while keeping our promises to seniors, veterans and the most vulnerable among us.