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Investing in Science and Technology
THE WHITE HOUSE
Office of Science and Technology Policy
December 7, 1995
THE PRESIDENT'S 7-YEAR BALANCED BUDGET PLAN
Investing in Science and Technology
The President's 7-year balanced budget plan builds on
the Administration's record of success in cutting the
deficit. It invests in education and training and other
priorities, protects such vital programs as Medicare and
Medicaid, and cuts taxes for middle-income Americans.
While this plan cuts domestic discretionary spending by
$250 billion over the next 7 years, the President's budget
proposal still makes more funding available for investing
in science and technology than the Republican budget he
vetoed.
The President's plan makes a high priority of
investing in science and technology to increase economic
productivity and raise living standards and the quality of
American life. The plan calls for a balanced mix of
investments in basic research, applied research, and
technology development. Compared with the Republican
balanced-budget proposal, the President's plan:
adds funds for biomedical and behavioral research at
the National Institutes of Health;
adds funds for basic research and education at the
National Science Foundation;
adds funds for basic research at NASA (including
Mission to Planet Earth);
adds funds for important technology programs,
including the Advanced Technology Program (ATP) and
the Technology Reinvestment Project (TRP);
increases funding for the operating program of the
Environmental Protection Agency, including global
climate change research, promotion and development of
technologies to clean up and protect the environment,
and understanding and protecting sensitive ecosystems;
and
increases funding for education and training programs
like Goals 2000 that will help school systems provide
the learning necessary for our children to enter a
high-technology future in the 21st century.