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Published on Nov 14, 2012
Unless lawmakers take action, the policies encompassed in the fiscal cliff will automatically go into effect this January. Included are tax increases and federal budget cuts. Federal science programs would be subject to at least an 8 percent reduction in funding next year—a $12 billion cut. Although these policies will help to reduce the deficit, they could also harm the nation's fragile economic recovery.
This short video by the American Institute of Biological Sciences outlines the fiscal cliff and its impacts to science.