And to keep America competitive, one commitment is necessary above all: We must continue to lead the world in human talent and creativity. Our greatest advantage in the world has always been our educated, hard-working, ambitious people—and we are going to keep that edge.As part of the initiative the budget of several agencies including the National Science Foundation will double over ten years and be raised over 9% in the upcoming year.
Tonight I announce the American Competitiveness Initiative, to encourage innovation throughout our economy, and to give our nation's children a firm grounding in math and science.
First: I propose to double the federal commitment to the most critical basic research programs in the physical sciences over the next 10 years. This funding will support the work of America's most creative minds as they explore promising areas such as nanotechnology, supercomputing, and alternative energy sources.
Second: I propose to make permanent the research and development tax credit, to encourage bolder private-sector investment in technology. With more research in both the public and private sectors, we will improve our quality of life—and ensure that America will lead the world in opportunity and innovation for decades to come.
Third: We need to encourage children to take more math and science, and make sure those courses are rigorous enough to compete with other nations. We have made a good start in the early grades with the No Child Left Behind Act, which is raising standards and lifting test scores across our country.
Tonight I propose to train 70,000 high school teachers, to lead advanced-placement courses in math and science, bring 30,000 math and science professionals to teach in classrooms, and give early help to students who struggle with math, so they have a better chance at good, high-wage jobs.
If we ensure that America's children succeed in life, they will ensure that America succeeds in the world.
Preparing our nation to compete in the world is a goal that all of us can share. I urge you to support the American Competitiveness Initiative and together we will show the world what the American people can achieve.
Update 2/2: The NSF will have a 7.8% increase in the White House proposed budget for next year.