The phrase "elevating the teaching profession" means to recognize, appreciate and improve the status, respect, and overall quality of being a teacher. This can be done through various measures such as increasing salaries, providing better resources and support for educators, promoting professional development opportunities, enhancing working conditions, and raising public awareness about the importance of teaching in society. The goal is to make teaching an attractive career choice by valuing teachers' contributions and investing in their growth, which ultimately benefits students and education as a whole.