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

Thursday, September 20, 2012 - 12:45pm - 1:45pm
Russell Senate Office Building
Constitution Avenue and 1st Street NE
485
Washington
District of Columbia
20001

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

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