President Trump's proposed budget includes drastic cuts to scientific research funding, impacting NASA, the NSF, NIH, and other agencies. Economists warn these cuts, totaling billions, could severely hamper long-term economic growth. While some argue the private sector should fund basic research, many believe the government's role is irreplaceable. The proposed reductions could shrink the future GDP by over 4%, comparable to the Great Recession's impact, ultimately costing the government more in lost tax revenue.
Prepared by Christopher Adams and reviewed by editorial team.
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