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

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

09/20/2012 12:4509/20/2012 13:45America/New_YorkITIF Event: Eroding Our Foundation: Sequestration, R&D, Innovation and U.S. Economic GrowthRussell Senate Office Building, Constitution Avenue and 1st Street NE, Washington, DC 20001More information:
Ronnie Andrews
President of Medical Sciences
Life Technologies
Robert D. Atkinson
Information Technology and Innovation Foundation
Fred Downey
Vice President, National Security
Aerospace Industries Association
Peter McPherson
Association of Public and Land-grant Universities
Edward A. Pesicka
Senior Vice President and President, Customer Channels
Thermo Fisher Scientific
Hunter R. Rawlings
Association of the American Universities
Ian Steff
Assistant Secretary for Global Markets and Director General of the United States and Foreign Commercial Service
U.S. Department of Commerce