BUDGET FY 2009

[Speaker Hastert]

As per the Constituional process, The Budget has passed the House of Representatives with a vote of 224-209, and as Speaker I send it to be voted upon by the Senate.

Budget Totals
Old budget was $3747.36 billion
($2672.527 billion in spending, $1074.833 billion in tax expenditures and cuts).
New budget is $3655.29 billion
($2483.13 billion in spending, $1172.16 billion in tax expenditures and cuts).

The federal deficit has been cut by $92.07 billion.
The new federal deficit is $308.93 billion.


Spending ($2483.13 billion: cut $189.39 billion)

$490.72 billion .... Military Spending
Increased $44.62 bil. from base of $446.105 bil.( 10%)

$145.41 billion .... Iraq War and Afghanistan Operations
Increased $33.56 bil. from base of $111.851 bil.( 30%)

$115.48 billion .... Veterans & Retired Military Pensions and Services (No Change)

$15.8 billion ...... International Affairs
Cut $15.78 bil. from base of $31.590 bil.(-50%)

$26.36 billion ..... General Science, Space, and Technology
Increased $2.39 bil. from base of $23.967 bil.( 10%)

$2.12 billion ...... Non-Defense Energy Spending (No Change)

$25.05 billion ..... Natural Resources and Environment
Cut $6.1 bil. from base of $31.163 bil.(-19%)

$26.02 billion ...... Agriculture (no change)

$32.4 billion ...... Transportation
Cut $38.26 bil. from base of $70.673 bil.(-54%)

$19.1 billion ...... Community and Regional Development (No Change)

$88.14 billion .... Education
Increased $24.07 bil. from base of $64.068 bil.(38%), of which 50% shall be used as grants to states with strong academic performance, as per the standards set by the No Child Left Behind Act

$53.81 billion ..... Training, Labor and Unemployment Programs (13%)
Increased $6 bil from 47.81 bil with 25% for Training; 40% for Labor; 35% for Unemployment

$379.98 billion .... Non-Medicare Health Spending
Increased $126.66 bil. from base of $253.320 bil.( 50%)

$0 billion ......... Medicare
Cut $345.74 bil. from base of $345.746 bil.(-100%)

$71.94 billion ..... Civilian Retirement (Social Security excluded) (No Change)

$155.42 billion .... Aid to Low-Income Families
Cut $51.34 bil. from base of $206.773 bil.(-25%)

$15.62 billion ..... General Family Support
Cut $10 bil. from base of 25.62 bil. (-40%)

$0 billion ...... Commerce and Housing Loan Programs
Cut $6.81 bil. from base of $6.81 bil.(-100%)
$50.93 billion... Child Tax Credits, as perscribed by law. (new)

$544.82 billion .... Social Security (No Change)

$43.1 billion ...... Administration of Justice (No Change)

$14.2 billion ...... General Government Administration
Cut $3.54 bil. from base of $17.754 bil.(-20%)

$211.08 billion .... Net Interest (No Change)

$-44.37 billion .... Undistributed Offsetting Receipts and Allowance (No Change)


--------------------------------------------------------------------------------

Tax Expenditures ($1172.16 billion: increased $97.33 billion)

$294.6 billion ..... 2001 and 2003 Tax Cuts (No Change)

$0 billion .........Corporate Tax Breaks
Cut $60.35 bil. from base of $60.360 bil.(-100%)

$173.42 billion .... Personal Business and Investment Benefits
Increased $86.71 bil. from base of $86.710 bil.( 100%)

$185.32 billion .... Pension and Retirement Tax Benefits
Increased $16.85 bil. from base of $168.470 bil.( 10%)

$211.49 billion .... Health Insurance Tax Benefits
Increased $70.5 bil. from base of $140.990 bil.( 50%)

$147.34 billion .... Housing Tax Benefits
Cut $16.36 bil. from base of $163.710 bil.(-10%)

$159.99 billion .... Other Individual Deductions and Expenditures (No Change)