Emerging Technology

Proposed House Budget Would Reduce Federal R&D By An Estimated $442 Billion or 19% Over 10 Years

04.21.23 | 1 min read | Text by Matt Hourihan

On Wednesday, April 19, Speaker McCarthy unveiled the Limit, Save, Grow Act of 2023, which would establish a set of discretionary spending caps over the next decade through FY 2033, allowing for only sub-inflation increases in overall spending. These caps would have the effect of reducing base discretionary spending by over $3.5 trillion below baseline over that time.

Read the full analysis here.

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