Ultimately, if this were to stand, there would be two major effects: 1: a ton of people will lose their jobs, and 2: we will cede being the world leader in scientific research. There is no amount of foundation or philanthropic money can replace this.
Reposted from
Elizabeth Jacobs, PhD
The NIH capping the indirect cost rate (IDC) for grants at 15% can best be described as a direct assault on Universities. It’s such a bureaucratic, innocuous sounding thing that actually means that research universities will be kneecapped. Thousands of employees across the US will lose their jobs.
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