The American Council on Science and Health released a new report Wednesday that found the Trump administration’s budget for the National Institutes of Health and the National Science Foundation would cause the country to lose more than 10 million workers and more than $7 trillion in economic output.
The report, titled “A New Way Forward: How Trump Will Rebuild America’s Economy and Make America Great Again,” said the cuts would “damage our national competitiveness and reduce our economic growth.”
The report noted that the NIH and NSF have about $2.5 trillion in funding each year, while the American Society for Microbiology and Immunology has about $1.9 trillion.
It also noted that these agencies are responsible for “many of the world’s most pressing medical problems.”
“Our nation has an incredibly robust scientific infrastructure,” the report’s authors said.
“The NIH and the NSF are crucial to our ability to address our nation’s health and safety challenges, and they must be funded at levels that make a meaningful difference in the lives of the people they serve.”
The American Council also pointed out that Trump has proposed a $10 billion increase in the NIH budget, and that this would be the largest increase in budget for any federal agency since the Reagan administration.
“It is hard to imagine the federal government funding such a large increase without significant, sustained economic impact,” the organization said.
Trump’s budget proposal would also increase the Medicare Part D premiums for Medicare Advantage enrollees by $5 per month.
The Centers for Medicare & Medicaid Services would also be under a $1 billion budget increase.
In a statement, the American Council said that the “narrowing of the focus of research, including those of medical and public health significance, has led to the most dramatic increase in costs and disruption of the American work force since the 1960s.”
“The Trump budget cuts will devastate American families and communities, jeopardize our nation-building capacity, and leave the health of our citizens in grave jeopardy,” the group said.