The Associated Press reported, "Optimistic," "future-oriented," and "visionary," were the adjectives provided by President Bush's adviser Karen Hughes about the speech.
His address is also expected to touch on tax code initiatives, small businesses, job skills and tax-free retirement and health care accounts.
President Bush arrived in New York on Wednesday. He met with firefighters in Queens, where he received the endorsement of New York City's main firefighters union, the Uniformed Firefighters Association. The president also appeared briefly on television monitors at the convention after the delegates unanimously re-nominated him.
Before arriving in New York, he campaigned in three battleground states, previewing his message ahead of his major address.
"Government must change with the changing world to make people's lives easier -- to give people a chance to be able to realize the full promise of tomorrow," the president told thousands at a campaign rally in Columbus, Ohio.
Running mate Dick Cheney accepted his nomination from the party for vice president and addressed the delegates Wednesday night, touting the President's leadership while attacking Democratic presidential candidate Senator John Kerry.
"He talks about leading a more sensitive war on terror, as though al-Qaida will be impressed with our softer side," Cheney said.
The vice president also accused Kerry of changing his mind often -- an attack many of Kerry's opponents have made.
"He has, in the last several years, been for the No Child Left Behind Act - and against it. He has spoken in favor of the North American Free Trade Agreement - and against it. He is for the Patriot Act - and against it. Senator Kerry says he sees two Americas. It makes the whole thing mutual - America sees two John Kerrys," Cheney told the crowd which shouted "flip flopper, flip flopper," waving flip-flop sandals.
Democratic Senator Zell Miller from Georgia, the keynote speaker, delivered scathing criticism of both Kerry and the Democratic Party leadership.
"For more than twenty years, on every one of the great issues of freedom and security, John Kerry has been more wrong, more weak and more wobbly than any other national figure," the retiring Georgian said.
"As a war protestor, Kerry blamed our military," Miller continued. "As a Senator, he voted to weaken our military. And nothing shows that more sadly and more clearly than his vote this year to deny protective armor for our troops in harms way, far-away."
About his own party he asked, "What has happened to the party I've spent my life working in?"
Kerry's running mate, John Edwards, appeared Thursday morning on talk shows to defend the Democratic candidate.
"What we heard from the Republicans in that hall last night was an enormous amount of anger," Edwards told CBS's "The Early Show."
"If you got up and went to the refrigerator, you would have missed any discussion of what they're going to do about health care, what they're going to do about jobs, what they plan to do about this mess in Iraq," Edwards added.