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http://www.cbpp.org/6-1-04bud.htm
excerpt:
If these policies are adopted, the result will be significant budget =
cuts throughout the federal government, including cuts in some of the =
very programs the Administration has been claiming credit for proposing =
to increase in 2005.
a.. Holding all agencies to the funding levels proposed in the =
President's budget, as the White House memo requires, would lead to a =
substantial cut in overall funding in 2006 for domestic discretionary =
programs outside homeland security. The reductions would affect nearly =
every area of domestic programs, including environmental programs, =
education and job training, veterans programs, health, and =
transportation. After adjusting for inflation, overall funding for =
domestic discretionary programs outside homeland security would be =
reduced by $21 billion, or 5.3 percent, between 2004 and 2006. (Funding =
would be reduced even in nominal terms - i.e., without any adjustment =
for inflation -by $5 billion from 2004 to 2006.)[1]=20
a.. Under the OMB budget documents, few domestic programs would escape =
budget cuts. For example, veterans' medical care (except for a small =
part of it considered to be a homeland security function) would be cut =
in 2005 by about $380 million (i.e., it would be reduced by $380 million =
below the 2004 level, adjusted for inflation). Veterans' medical care =
would then be cut an additional $1.5 billion in 2006 (below the 2005 =
level, adjusted for inflation), for a total cut of $1.9 billion over two =
years. (Even without adjustment for inflation, the program would be cut =
$880 million from 2005 to 2006.)=20
a.. Even programs that have been touted as Administration priorities =
and that the Administration proposes to expand in 2005 would, in most =
cases, be cut starting in 2006. For example, the Administration has =
proposed increasing funding for the National Institutes of Health by =
more than $310 million from 2004 to 2005. But this funding would then =
be sliced more than $920 million in 2006, after adjusting for inflation. =
(These figures cover all of NIH except for a small component considered =
to be part of homeland security.) The budget also includes cuts in 2006 =
in formerly favored programs such as low income home energy assistance, =
Pell Grants and other student financial assistance, and education for =
the disadvantaged (Title I). In each of these cases, funding would be =
below the 2005 levels even if inflation is ignored.=20
The Administration is pushing these funding cuts alongside its proposals =
to make permanent the extension of costly tax cuts that =
disproportionately benefit high-income Americans and to erect additional =
tax cuts beyond the extensions. Analysis by the Urban =
Institute-Brookings Tax Policy Center shows that tax cuts already =
enacted will deliver an average income tax reduction of $109,000 in 2006 =
to people with annual incomes of more than $1 million. These =
"millionaires" by themselves are slated to receive a total of $32 =
billion in income tax cuts in 2006. This $32 billion revenue loss =
substantially exceeds the $21 billion in savings the Administration =
seeks to secure in 2006 by cutting most domestic discretionary programs =
outside homeland security.
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<DIV><A href=3D"http://www.cbpp.org/6-1-04bud.htm"><FONT face=3DArial=20
size=3D2>http://www.cbpp.org/6-1-04bud.htm</FONT></A></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>excerpt:</FONT></DIV>
<DIV>
<P><FONT face=3DArial size=3D2>If these policies are adopted, the result =
will be=20
significant budget cuts throughout the federal government, including =
cuts in=20
some of the very programs the Administration has been claiming credit =
for=20
proposing to increase in 2005.</FONT></P>
<UL>
<LI><FONT face=3DArial size=3D2>Holding all agencies to the funding =
levels=20
proposed in the President=92s budget, as the White House memo =
requires, would=20
lead to a substantial cut in overall funding in 2006 for domestic=20
discretionary programs outside homeland security. The reductions =
would=20
affect nearly every area of domestic programs, including environmental =
programs, education and job training, veterans programs, health, and=20
transportation. After adjusting for inflation, overall funding =
for=20
domestic discretionary programs outside homeland security would be =
reduced by=20
$21 billion, or 5.3 percent, between 2004 and 2006. (Funding =
would be=20
reduced even in nominal terms =97 i.e., without any adjustment for =
inflation =97by=20
$5 billion from 2004 to 2006.)</FONT><A title=3D""=20
href=3D"mhtml:mid://00000231/#_ftn1" name=3D_ftnref1><SPAN=20
class=3DMsoFootnoteReference><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><FONT =
face=3DArial=20
size=3D2>[1]</FONT></SPAN></SPAN></A><FONT face=3DArial size=3D2> =
</FONT></LI></UL>
<UL>
<LI><FONT face=3DArial size=3D2>Under the OMB budget documents, few =
domestic=20
programs would escape budget cuts. For example, veterans=92 =
medical care=20
(except for a small part of it considered to be a homeland security =
function)=20
would be cut in 2005 by about $380 million (i.e., it would be reduced =
by $380=20
million below the 2004 level, adjusted for inflation). =
Veterans=92 medical=20
care would then be cut an additional $1.5 billion in 2006 (below the =
2005=20
level, adjusted for inflation), for a total cut of $1.9 billion over =
two=20
years. (Even without adjustment for inflation, the program would =
be cut=20
$880 million from 2005 to 2006.) </FONT></LI></UL>
<UL>
<LI><FONT face=3DArial size=3D2>Even programs that have been touted as =
Administration priorities and that the Administration proposes to =
expand in=20
2005 would, in most cases, be cut starting in 2006. For example, =
the=20
Administration has proposed increasing funding for the National =
Institutes of=20
<?XML:NAMESPACE PREFIX =3D ST1 =
/><ST1:PERSONNAME>Health</ST1:PERSONNAME> by more=20
than $310 million from 2004 to 2005. But this funding would then =
be=20
sliced more than $920 million in 2006, after adjusting for =
inflation. =20
(These figures cover all of NIH except for a small component =
considered to be=20
part of homeland security.) The budget also includes cuts in =
2006 in=20
formerly favored programs such as low income home energy assistance, =
Pell=20
Grants and other student financial assistance, and education for the=20
disadvantaged (Title I). In each of these cases, funding would =
be below=20
the 2005 levels even if inflation is ignored. </FONT></LI></UL>
<P><FONT face=3DArial size=3D2>The Administration is pushing these =
funding cuts=20
alongside its proposals to make permanent the extension of costly tax =
cuts that=20
disproportionately benefit high-income Americans and to erect additional =
tax=20
cuts beyond the extensions. Analysis by the=20
<ST1:PLACE><ST1:PLACENAME>Urban</ST1:PLACENAME>=20
<ST1:PLACENAME>Institute-Brookings</ST1:PLACENAME>=20
<ST1:PLACENAME>Tax</ST1:PLACENAME> <ST1:PLACENAME>Policy</ST1:PLACENAME> =
<ST1:PLACETYPE>Center</ST1:PLACETYPE></ST1:PLACE> shows that tax cuts =
already=20
enacted will deliver an average income tax reduction of $109,000 in 2006 =
to=20
people with annual incomes of more than $1 million. These =
=93millionaires=94=20
by themselves are slated to receive a total of $32 billion in income tax =
cuts in=20
2006. This $32 billion revenue loss substantially exceeds the $21 =
billion=20
in savings the Administration seeks to secure in 2006 by cutting most =
domestic=20
discretionary programs outside homeland security.</FONT></P>
<P><FONT face=3DArial size=3D2></FONT> </P></DIV></BODY></HTML>
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