• Maeve@kbin.earth
    link
    fedilink
    arrow-up
    9
    ·
    2 days ago

    China’s rise did not create this decision point, although it brings it into sharp relief. Does the U.S. still want to lead in science? The Information Technology and Innovation Foundation, a nonprofit think tank, estimates that a 20% cut in federal research and development starting in fiscal year 2026 would shrink the U.S. economy by nearly $1 trillion over 10 years and reduce tax revenue by around $250 billion. Others point out that the scientific enterprise has contributed at least half of U.S. economic growth.