The NIH will lose $2.5 billion on January 2, 2013—unless we act now.
What is sequestration—and why should you care?
The Budget Control Act (BCA)—passed last year—requires Congress and the President to agree on an additional $1.2 trillion in US budget cuts by the end of 2012. A deal has not yet been reached, and if they do not come to an agreement the federal government must implement sequestration—automatic, across-the-board spending cuts. This is all part of the so-called “fiscal cliff” which will have severe and far-reaching negative effects on scientific research.
Imagine our industry after sequestration—fewer jobs, fewer grants, more delays
If implemented, sequestration will reduce the 2013 budget of the National Institutes of Health (NIH) by $2.5 billion. This is an amount equal to all NIH funding for heart disease, diabetes, hepatitis, and spinal cord injury combined.
Experts including NIH Director Francis Collins, MD, PhD, have said such deep cuts would result in:
- 2,300 fewer NIH grants—that’s 25% fewer than 2012
- 33,000 lost jobs
- Lab closings
- Massive delays in research
Furthermore, some of our country’s most brilliant scientific minds—the individuals behind tomorrow’s great scientific discoveries—may be forced to move to other countries where research is adequately funded.
Robust funding for the NIH helps our economy thrive
Sustained funding for research helps create a talented workforce, fosters the economy, and helps our country lead the world in biomedical innovation. Our genome sequencing tools, for example, help create vast possibilities for future innovations and the global economy. According to a study by the Battelle Memorial Institute cited in a recent Washington Post article by Fareed Zakaria, the Human Genome Project has fostered:
- Almost $800 billion in economic activity
- 310,000 jobs in 2010 alone
We can protect scientific research if we ACT NOW
To halt this potential impact, Life Technologies has been actively involved in a campaign with other national stakeholders to fight sequestration. We are calling on scientists and others in our industry to petition their Congressional representatives to stop sequestration.
Speak up for your research
You can help prevent these drastic cuts to health research by acting now.
Go to lifetechnologies.com/protectNIHfunding and let Congress know you support robust funding for medical research. It only takes a minute to help prevent sequestration.