COLLEGE HOSTS CONGRESSWOMAN NITA LOWEY TO HIGHLIGHT IMPACT OF ACROSS-THE-BOARD BUDGET CUTS ON BIOMEDICAL RESEARCH
March 12, 2013, VALHALLA, NY—–At a press conference held today in a research laboratory at New York Medical College, Congresswoman Nita Lowey (D-Westchester/Rockland) and New York Medical College President Alan Kadish, M.D., highlighted the impact of the across-the-board federal budget cuts known as “sequestration” on biomedical research in Westchester and Rockland Counties. The budget cuts, which went into effect on March 1, would reduce funding for the National Institutes of Health (NIH), resulting in a cut of more than $1.3 million for biomedical research in Westchester and Rockland Counties.
The Congressional Budget Office projects that the budget reductions could cost 750,000 jobs nationwide, and the independent group Third Way estimates that New York State could lose 70,000 jobs in 2013 if the cuts remain in place.
“From large research institutions to fast-growing, innovative biotech companies, the Lower Hudson Valley is a leader in biomedical research, and each dollar invested in biomedical research here generates two dollars of economic activity,” said Lowey. “These senseless budget cuts will put the brakes on one of our region’s economic engines. That’s why it’s time for Congress to come together to replace these indiscriminate cuts with investments that will grow our economy and create jobs.”
“Research is the cornerstone of progress in medicine,” said Dr. Kadish. “Along with other academic research institutions in the region and across the nation, New York Medical College researchers are making advances that add to the understanding of human health and make inroads into the treatment of disease. Funding for medical research has expanded private sector innovation, creating jobs and new products that lead to long-term economic growth.”
Congresswoman Lowey recently released a report outlining the impact of the federal cuts on biomedical research, law enforcement, education and other critical services in the Lower Hudson Valley.
“If the United States wants to remain a global leader in biomedical research, then we cannot cut our efforts when countries like China are increasing theirs,” added Lowey.
Congresswoman Nita Lowey (D-Westchester/Rockland) has been an advocate for increased federal investments in biomedical research on diseases like cancer, diabetes, and Alzheimer’s at the National Institutes of Health. Called a “champion of increased funding for breast cancer research” by The Washington Post, Lowey has helped increase NIH’s budget for cancer research by more than ten times.