Post by Admin Tyler on Jan 3, 2006 17:32:24 GMT -5
AS APPROVED BY BOTH HOUSES OF THE ONE HUNDRED AND ELEVENTH UNITED STATES CONGRESS
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)
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)