Obama promises spending boost for science

From Nature:

Obama President Barack Obama bolstered his lofty promises to US scientists on Monday, saying he would push through an historic increase in research and development funding. Obama pledged to raise the country's R&D budget to 3% of the national gross domestic product from today's nearly 2.7% — an increase of roughly $46 billion annually. The government currently picks up about one third of the tab. Assuming that trend continues, public funding would need to increase by about $15 billion annually, says Rick Weiss, a spokesman for the White House Office of Science and Technology Policy.

“This represents the largest commitment to scientific research and innovation in American history,” Obama said in a speech at the National Academy of Sciences' 146th annual meeting in Washington DC. John Marburger, science adviser to former President George W. Bush, called 3% of GDP a “healthy target” but said the trick will be getting industry on board. “The federal government can't do all of that by itself,” he says. “Remember, two-thirds of that figure is coming from the private sector, and we're in the middle of a recession.” Marburger says Obama made the right decision to propose permanently extending the research tax credit to give private companies a stable incentive to invest in research and development. Bush proposed the same thing as part of the American Competitiveness Initiative, which sought to boost funding for math, science and engineering, but it was never fully funded during Bush's tenure.

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