Research and development is our commitment to the future. It is our investment in the future. We must design tax and regulatory policies that encourage private sector research and experimentation, while lowering the cost of such investments. We believe the marketplace, not bureaucrats, can determine which technologies and entrepreneurs best meet the needs of the public. American companies must use the most advanced production technologies, telecommunications, and information management systems.
Technological advance means economic growth, higher productivity, and more security.
We therefore support private-sector funding of applied research, especially in emerging technologies, and improved education in science and engineering. American workers must have the knowledge and training to effectively utilize the capabilities of those new systems. Federal science programs must emphasize basic research. The tax code must foster research and development. These policies will increase the pace of technological developments by de-emphasizing the role of government and strengthening the role of the private sector.