1. The President's budget proposes to continue implementation of farm program
safety net, with 10-year cost of $174 billion, and proposes reforms to efficiently
deliver crop insurance.
2.
President Bush wants to spend $196 million of the Agriculture Department's 2004
budget on loans to telecommunications companies to improve Internet access in
rural towns and communities. Read
more
3. The
President's budget proposes to invest $400 billion over 10 years to strengthen
and improve Medicare with prescription drug coverage.
4.
The President's budget proposes to add 230 new and expanded health centers to
serve an additional one million people in rural and underserved urban areas. ($1.6
billion (+$169 million) to fund 3,685 health center sites serving 14 million people)
5. The President's
budget proposes to continue America's progress on clean air, clean water, and
natural resource protection. ($4.3 billion (+seven percent) for the Environmental
Protection Agency's operating budget)
6.
The President's budget proposes to reduce risk to the 73 million acres of federal
forest vulnerable to catastrophic fire. ($415 million for the Forest Service and
Interior Department to implement the President's Healthy Forests Initiative)
7.
The President's budget provides $41 billion for total homeland security spending.
Excluding Department of Defense spending, the budget includes $35 billion for
homeland security, a $2.5 billion or 7.6% increase that more than doubles funding
over the past two years.
8.
The President's budget proposes to spend $1.7 billion over the next five years
for the hydrogen fuel initiative and FreedomCAR programs for hydrogen fuel cell
research and development to enable the next generation of automobiles to be pollution
free. Read
more
9. The
President's budget proposes a $2.5 million increase for the AMBER Alert initiative,
which alerts the public about child abductions in their area.
10.
The President's budget provides new incentives for small businesses to grow and
invest. Under his plan, small businesses that purchase equipment to expand will
get assistance through an increase in the expensing limits from $25,000 to $75,000.
11. The President's
budget accelerates income tax rate reductions, the elimination of the marriage
penalty, and the increase in the child tax credit from $600 to $1000. A family
of 4 with income of $40,000 would see their federal income taxes fall from $1,178
to $45.
12. The
President's budget proposes making the elimination of the estate tax permanent.
1. The President's budget provides $129 million for the FWS endangered species
program. The budget also provides a $5 million increase for restoring and recovering
salmon in the Columbia River Basin.
2.
The President's budget does not include funding for the Rural Education Achievement
Program (REAP), which authorized $300 million a year for six years for small rural
schools and poor rural schools.
3.
The President's budget proposes to charge meat and poultry packing plants fees
of $122 million for inspection.
4.
The President's budget proposes to make EPA a cabinet-level agency.