Statement by ACE -President Ted Mitchell on Trump -Administration Moves to Cut Research Indirect Cost Rate

“The Trump Administration’s unilateral and mislead decision to cut and hood the indirect cost rate for research funded by the National Institutes of Health Sabotages The decades long partnership that has secured US global leadership in life-saving medical research. This partnership has given rise to Innovations that have strengthened the US economy created good paid jobs and helped educate generations of researchers and researchers.

Support for the research business allows colleges and universities to maintain the groundbreaking laboratories and advanced technologies needed to stay ahead of foreign competitors and deliver groundbreaking discoveries that benefit health and well -being for all Americans.

This decision is short -sighted, naive and dangerous. It is celebrated wildly by our competitors who will see this for what it is – a surrender of American supremacy in medical research. It is a self -inflicted wound that, if not turned, will have serious consequences on US jobs, global competitiveness and the future growth of a skilled workforce. “