The President Donald Trump sent the Shoks through the scientific community with his proposed budget that would be unexpected by federal spending in survey and developing 23% – or $ 163 billion – in fiscal 2026. Years. Years. Probably the short-term savings will probably have serious long-term consequences on the economy and harming global competitiveness in the country.
A A recent Study of the American University made for calculating how harmful Cuts budget It would also determine that the 25% reduction in public financing and development would reduce GDP by 3.8%, more than a million dollars, with a decrease in the annual tax revenue by 4.3% and the average US $ 10,000 (in today’s dollars).
“If those numbers of the dollar are, anywhere of 20% -45%, I want to be clear: we are no longer in the race with a biomedical research. We will lose those races,” Sudip Parikh, President of the Prestigious American Association, testified at the congress hearing Last week.
The Federal Government is the largest source of nation funding for basic and applied scientific research. The White House is looking for cuts in spending by 37% in national health institutes (NIH) and more than 50% in the National Scientific Foundation (NSF), two main scientific assets. He also wants to reduce NASA scientific budget for more than half and eliminate most of the federal financial assets of climate and environmental research.
US research and development consumption accounted for 3.43% of GDP in the country in 2022. year, responsible for about one third of the total number.
U.S. University researchers pointed out that the Federal Government was a dominant tenant of basic research, as payments from such investments can take 20 to 30 years, for a long time for private investment investments. A Paper published in January From the National Economic Research Bureau, it noticed that such public funding for basic research is created by the innovation and commercialization of the private sector.
The US government has already been responsible for the revolutionary breakthrough in science and technology that the private sector would never take over the risk due to the risk, including the Internet, and numerous advances in the medical treatment, as stated in the 2023 World Economic Forum Report (WEF). The report determined that one job is created for every $ 25,000 spent in public funding for research and development.
“The use of these metrics, $ 100 billion investments in theory would then create 4 million new jobs,” WEF said. “Data through the sector and industry are clear: R & D funded by government directly and indirectly encourage innovations and job growth.”
University Research Departments, among the main recipients of federal financing and now under attacks Trump can also initiate economic growth. In an essay in Boston Business Journal On Tuesday, Don Ingreber, Harvard Founding WYSS Institute for Biological Inserting EngineeringHe wrote that “in 16 years since WYSS was founded to have submitted over 4,500 patents, negotiated for 145 permits with industry, launched almost 70 startup companies and enabled the creation of almost 2,000 new jobs.”
“We are at dawn of the new age, in which biotechnology and artificial intelligence are amazed, and those who realize that they use these advances will win great.” Ingber wrote. Cutting now on the partnership that has been established between the government and academy in the past 75 years, it warned, “It will hurt our economy and pockets.”
2025-05-09 09:00:00
