Washington, D.C.— Today, the House Budget Committee released a report on the necessity for increased federal investment in research and development (R&D) in order to address the crises we now face – systemic inequality, an ongoing pandemic, and an historic economic downturn – while better preparing our nation for the future. The report highlights the value that government R&D investments add to our nation’s economic growth and productivity, our health and quality of life, and our ability to solve pressing problems.

“The President’s relentless attacks on science and facts have made the impact of the coronavirus in the United States more devastating and the resulting economic free fall far worse,” said House Budget Chairman John Yarmuth. “Federal R&D investments have long helped our nation solve problems at home and abroad, and have fueled our economic growth for generations. With a renewed commitment to science, innovation, and inclusion, we can supercharge our recovery and begin to make real societal changes that will set our nation on a path to becoming a healthier and more equitable nation.”

Text of the report can be found here.