Eroding Our Foundation: Sequestration, R&D, Innovation and U.S. Economic Growth

Thursday, September 20, 2012 - 12:45 PM to 1:45 PM
Russell Senate Office Building
Constitution Avenue and 1st Street NE 485
Washington, DC 20001
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The Budget Control Act enacted in the summer of 2011 requires automatic cuts in discretionary spending to occur starting in January of 2013, commonly known as the sequestration, in order to achieve $1.2 trillion in savings through 2021. Among the areas that would be hardest hit are federal R&D investments in life sciences, aerospace, defense and more, with significant long-term consequences to economic growth. In an upcoming ITIF report, Eroding Our Foundation: Sequestration, R&D, Innovation, and U.S. Economic Growth, Drs. Justin Hicks and Robert Atkinson analyze the effects of sequestration-based R&D cuts on U.S. productivity, competitiveness, employment and growth.

Please join ITIF and representatives from industries affected by the sequestration for a discussion of ITIF’s report

Panelists: 
Ronnie Andrews
President of Medical Sciences
Life Technologies
Presenter
Robert D. Atkinson
President
Information Technology and Innovation Foundation
Presenter
Fred Downey
Vice President, National Security
Aerospace Industries Association
Presenter
Peter McPherson
President
Association of Public and Land-grant Universities
Presenter
Edward A. Pesicka
Senior Vice President and President, Customer Channels
Thermo Fisher Scientific
Presenter
Hunter R. Rawlings
President
Association of the American Universities
Presenter
Ian Paul Steff
Vice President, Global Policy and Technology Partnerships
Semiconductor Industry Association (SIA)
Presenter