US Capitol Capsule: Lack of R&D investment could drive US innovation overseas, White House panel says
This article was originally published in Scrip
Executive Summary
As the political theater continued last week in Washington over how to avert the fiscal cliff – the convergence in January of the end of the Bush-era tax breaks and the start of the $1 trillion across-the-board sequestration cuts to federal agencies and programs – a presidential advisory panel warned that if bold investments are not made in US research, the growing threat to the nation's leadership role in science, technology and innovation will only heighten, harming the American economy.