목차
Title page 1
Contents 2
KEY TAKEAWAYS 1
INTRODUCTION 2
IMPORTANCE OF R&D 4
CUTS TO FEDERALLY FUNDED RESEARCH 6
R&D Expenditure Shortfall 7
HOW FEDERAL R&D GROWS THE ECONOMY 9
Effects on GDP and Tax Revenue 9
Implications on U.S. Competitiveness 11
CONCLUSION 11
APPENDIX: METHODOLOGY 12
ENDNOTES 14
Tables 6
Table 1. Proposed 2026 R&D budgets for research-intensive agencies 6
Table 2. Annual R&D investment by benchmark (2024 dollars) 13
Figures 3
Figure 1. Cumulative reduction in federal R&D spending 10 years after a 20 percent cut (2024 dollars) 3
Figure 2. Cumulative reduction in U.S. GDP 10 years after a 20 percent R&D spending cut (2024 dollars) 3
Figure 3. Cumulative reduction in tax revenue 10 years after a 20 percent R&D spending cut (2024 dollars) 3
Figure 4. 20 percent cut to federal R&D vs. three benchmarks of federal R&D (2024 dollars) 7
Figure 5. Projected annual R&D investment shortfalls (2024 dollars) 8
Figure 6. Cumulative reduction of GDP after one-time 20 percent R&D cut to federal R&D in 2026 (2024 dollars) 9
Figure 7. Cumulative reduction of tax revenue after one-time 20 percent R&D cut in 2026 (2024 dollars) 9
Figure 8. Cumulative reduction in GDP due to a 20 percent cut to federal R&D (2024 dollars) 10
