Science and R&D

In an economy powered by innovation and technology, more proactive R&D policies are key to success.

MRIGlobal Cutting Expenses Because of Revenue Declines

Kansas City Star
Falling investment in research by the federal government is hampering U.S. global competitiveness.

"STEM Shortage" Debate Reveals Fundamental Disagreements, Some Common Ground

Science
In a discussion surrounding STEM education and labor policy, ITIF argued there is a shortage of STEM workers that is inhibiting the innovation economy.

ITIF Debate: Is There a STEM Worker Shortage?

March 12, 2014 - 1:00pm - 2:30pm
National Academies' Keck Building
500 Fifth St., N.W.
208
Washington
DC
20001

The issue of high skill immigration is receiving increased attention as Congress considers comprehensive immigration legislation. Underlying this issue is an ongoing debate surrounding the U.S. labor market for high-skill workers, including those in science, technology, engineering and math (STEM) fields. Read more »

The United States will allocate $252 billion for debt service, interest payment on the national debt, in 2015, as compared to the president's request for $135.4 billion in funding for federal R&D programs in 2015.

If these allocations hold, the United States will spend 46% more on debt service than it invests in R&D in 2015. This highlights the squeezing out of non-discretionary expenditures (i.e., investments in the core building blocks of innovation) by non-discretionary spending (i.e., mandatory expenditures such as for entitlements or debt service). Under the 2015 Budget Request, discretionary spending will decrease by 22% while non-discretionary spending rises 30% by 2024. Read more »

ITIF Debate: Is There is a STEM Worker Shortage?

Experts Weigh In: President Obama’s Budget Proposal

March 4, 2014
Robert Atkinson participated in an online discussion hosted by the Urban Institute which analyzed the potential impact of President Obama’s 2015 budget proposal

Robert Atkinson participated in an online discussion hosted by the Urban Institute which analyzed the potential impact of President Obama’s 2015 budget proposal. Atkinson argues that the proposal reduces long term investments in research and innovation and will only exacerbate competitiveness decline and economic stagnation.

ITIF Debate: Congress Should Retain and Expand the R&D Tax Credit

February 26, 2014
A spirited debate on the R&D Tax Credit.

In 1981, the federal government established the research and experimentation (R&D) tax credit. Today, with Congress considering comprehensive corporate tax reform some have argued that Congress should jettison the credit and use the savings to pay for statutory rate reduction. For example, in a recent Washington Post op-ed, noted tax economist Marty Sullivan, argued for elimination of the tax. In contrast, ITIF has argued that this would be a mistake and that the credit plays a valuable role in spurring investment in U.S. Read more »

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Data: Inventors are Scared of Elections

Washington Post
Policymakers from both parties should be able to agree on a broad innovation agenda, but we seem incapable of doing that, says Robert Atkinson.

Congress Should Retain and Expand the R&D Tax Credit