President Obama’s Fiscal Year 2016 Budget Proposalby Representative Frank Pallone Jr.
Posted on 2015-02-04
PALLONE asked and was given permission to address the House for
Mr. PALLONE. Mr. Speaker, President Obama's budget proposal for
fiscal year 2016 lays out a fiscally responsible plan to invest in our
future and makes sure that hardworking Americans are able to benefit
from an economy that is finally improving. I am particularly pleased
that the President is committed to making strategic investments in our
Nation's research and development.
The budget invests $146 billion for R&D across the Federal Government, which is a 6 percent increase. The budget provides for $7 billion in clean energy funding throughout the Federal Government and $2.4 billion to further advance manufacturing technologies. This funding improves our scientific knowledge, creates technologies with widespread benefits, and strengthens U.S.-global competitiveness.
The budget also makes investments in public health, including $31 billion for the National Institutes of Health, which is a $1 billion increase over the 2015 level, and $1.2 billion across several agencies to combat antibiotic resistant bacteria, for advanced precision medicine, and for targeted therapies for patients.
I mention all of these, Mr. Speaker, because I do believe--and every evidence shows--that research investment creates jobs, promotes innovation, and increases economic development. That means more jobs. I hope that the Republicans will support the President's budget.