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To summarise the article. This would decimate multiple existing science missions still productively producing data. It could mean killing missions that cost billions of dollars to make. It could be mean the death of missions in development. It would destroy the crown jewel of NASA, something that only makes up 30% of NASA’s budget. And finally it would effectively mean ceding scientific exploration of the solar system to China, and to a lesser Extent to ESA. Private industry cannot fill the gap, and wouldn’t do. The writer of the article is someone who has always been very supportive of private space, so if he’s showing concern then we’ll draw your own conclusions.
Also this.
arstechnica.com
Also this.
The cuts also seem at odds with the administration's stated goal of commercializing space, that is, allowing the agency to buy more services where they are available from the private sector. Instead, the heaviest cuts—sources said that NASA may face an approximately 25 percent budget cut, overall—would fall on the agency directorate, Science, least able to buy commercial services.

White House may seek to slash NASA’s science budget by 50 percent
“It would be nothing short of an extinction-level event for space science.”…

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