FileFront Forums - Kerry...make up ur mind

The Federal Budget submitted by President moof, FY2006

Spending ($2557.52 billion: increased $293.35 billion)

Military Spending ($434.8 billion: increased $35.12 billion)
$108.85 billion .... Military personnel
Increased $9.89 bil. from base of $98.956 bil.( 10%)
$146.56 billion .... Operation and maintenance
Increased $13.32 bil. from base of $133.235 bil.( 10%)
$74.4 billion ...... Procurement (No Change)
$68.01 billion ..... Research, development, test and evaluation
Increased $6.18 bil. from base of $61.827 bil.( 10%)
$13.47 billion ..... Military Construction, Family Housing and Other
Increased $2.25 bil. from base of $11.221 bil.( 20%)
$20.76 billion ..... Atomic Energy Defense Activities
Increased $3.46 bil. from base of $17.296 bil.( 20%)
$2.75 billion ...... Defense Related activities (No Change)

Iraq War ($100 billion: increased $50 billion)
$100 billion ......... Iraq War (+100%)

Veterans and Military Retirement ($109.85 billion: increased $12.86 billion)
$38.97 billion ..... Military retirement pensions
Increased $3.54 bil. from base of $35.431 bil.( 10%)
$38.01 billion ..... Pensions & Income security for veterans
Increased $6.34 bil. from base of $31.674 bil.( 20%)
$2.62 billion ...... Veterans education, training, and rehabilitation
Increased $0.24 bil. from base of $2.381 bil.( 10%)
$28.85 billion ..... Hospital and medical care for veterans
Increased $2.62 bil. from base of $26.228 bil.( 10%)
$1.4 billion ....... Housing and other veterans benefits and services
Increased $0.13 bil. from base of $1.273 bil.( 10%)

International affairs ($32.92 billion: increased $9.13 billion)
$15.84 billion ..... International development aid and financial programs
Increased $7.92 bil. from base of $7.920 bil.( 100%)
$0 billion ......... International military aid
Cut $7.32 bil. from base of $7.334 bil.(-100%)
$15.09 billion... Conduct of Foreign Affairs
Increased $7.55 bil. from base of $7.544 bil.( 100%)
$1.99 billion ...... Foreign information and exchange activities
Increased $1 bil. from base of $.993 bil.( 100%)

General science, space, and technology ($46.95 billion: increased $23.48 billion)
$10.83 billion ..... National Science Foundation programs
Increased $5.42 bil. from base of $5.413 bil.( 100%)
$7.17 billion ...... Department of Energy & Homeland Security general science programs
Increased $3.59 bil. from base of $3.584 bil.( 100%)
$28.95 billion ..... Space flight, research, and supporting activities
Increased $14.47 bil. from base of $14.476 bil.( 100%)

Non-Defense Energy Spending ($1.41 billion)
$1.05 billion ...... Energy supply and conservation
Increased $0.53 bil. from base of $.524 bil.( 100%)
$0.36 billion ...... Energy information, preparedness, & regulation (No Change)

Natural resources and environment ($40.75 billion: increased $10.35 billion)
$5.75 billion ...... Water resources
Increased $0.96 bil. from base of $4.795 bil.( 20%)
$11.54 billion ..... Forest Service, Conservation and land management
Increased $1.05 bil. from base of $10.493 bil.( 10%)
$3.33 billion ...... Recreational & Park resources
Increased $0.3 bil. from base of $3.029 bil.( 10%)
$15.19 billion ..... Pollution control and abatement
Increased $7.6 bil. from base of $7.593 bil.( 100%)
$4.94 billion ...... Other natural resources
Increased $0.45 bil. from base of $4.490 bil.( 10%)

Agriculture ($24.95 billion: increased $3.81 billion)
$20.38 billion ..... Farm income stabilization & crop insurance
Increased $3.39 bil. from base of $16.985 bil.( 20%)
$4.57 billion ...... Agricultural research and services
Increased $0.42 bil. from base of $4.154 bil.( 10%)

Commerce and housing credit ($8.7 billion)
$-0.18 billion ..... Mortgage credit (No Change)
$0.06 billion ...... Postal service (No Change)
$0 billion ......... Deposit insurance (No Change)
$8.82 billion ...... Other advancement of commerce (No Change)

Transportation ($71.05 billion: increased $7.22 billion)
$31.25 billion ..... Highways & Highway safety (No Change)
$14.45 billion ..... Mass transit
Increased $7.22 bil. from base of $7.226 bil.( 100%)
$1.09 billion ...... Railroads (No Change)
$17.37 billion ..... Air Transportation (No Change)
$6.48 billion ...... Water transportation (No Change)
$0.41 billion ...... Other transportation (No Change)

Community and regional development ($15.56 billion: increased $1.97 billion)
$5.69 billion ...... Community development
Increased $0.52 bil. from base of $5.170 bil.( 10%)
$2.62 billion ...... Area and regional development
Increased $0.24 bil. from base of $2.378 bil.( 10%)
$7.25 billion ...... Disaster relief and insurance
Increased $1.21 bil. from base of $6.045 bil.( 20%)

Education, training, employment, and social services ($116.2 billion: increased $34.4 billion)
$42.9 billion ...... Elementary, Secondary & Vocational education
Increased $7.15 bil. from base of $35.754 bil.( 20%)
$45.13 billion ..... Higher education
Increased $22.57 bil. from base of $22.563 bil.( 100%)
$3.47 billion ...... Research and general education aids
Increased $0.58 bil. from base of $2.891 bil.( 20%)
$8.52 billion ...... Training and employment
Increased $1.42 bil. from base of $7.099 bil.( 20%)
$3.6 billion ....... Rehabilitation services
Increased $0.6 bil. from base of $3.003 bil.( 20%)
$12.58 billion ..... Other social and family services
Increased $2.09 bil. from base of $10.487 bil.( 20%)

Non-Medicare Health Spending ($271.37 billion: increased $25.58 billion)
$200.8 billion ..... Medicaid grants
Increased $18.26 bil. from base of $182.542 bil.( 10%)
$1.48 billion ...... State Children's Health Insurance
Increased $0.74 billion from base of $0.74 billion (100%)
$8.17 billion ...... Federal employees' and retired employees' health benefits
Increased $0.74 bil. from base of $7.430 bil.( 10%)
$3.18 billion ...... Indian health
Increased $0.29 bil. from base of $2.889 bil.( 10%)
$4.07 billion ...... Substance abuse and mental health services
Increased $0.68 bil. from base of $3.393 bil.( 20%)
$37.03 billion ..... Health research, training and disease control
Increased $3.37 bil. from base of $33.663 bil.( 10%)
$3.16 billion ...... Consumer and occupational health and safety
Increased $0.28 bil. from base of $2.876 bil.( 10%)
$13.48 billion ..... Other health care services
Increased $1.23 bil. from base of $12.254 bil.( 10%)

Medicare ($284.5 billion: increased $25.86 billion)
$176.51 billion .... Hospital insurance (HI)
Increased $16.04 bil. from base of $160.468 bil.( 10%)
$101.39 billion .... Supplementary medical insurance (SMI)
Increased $9.22 bil. from base of $92.174 bil.( 10%)
$6.6 billion ....... Medicare modernization (proposed)
Increased $0.6 bil. from base of $6.000 bil.( 10%)

Non-SS Retirement and Unemployment ($106.53 billion: increased $9.68 billion)
$0 billion ......... General retirement and disability insurance (excluding social security)
Increased $0 bil. from base of $ bil.( 10%)
$59.09 billion ..... Civilian retirement and disability programs
Increased $5.37 bil. from base of $53.718 bil.( 10%)
$47.44 billion ..... Unemployment compensation
Increased $4.31 bil. from base of $43.128 bil.( 10%)

Social Welfare Spending ($182.51 billion)
$30.12 billion ..... Housing assistance (No Change)
$27.73 billion ..... Food stamps (No Change)
$17.83 billion ..... Other nutrition programs (WIC, school lunches) (No Change)
$33.47 billion ..... Supplemental security income (SSI) (No Change)
$17.69 billion ..... Family support payments (No Change)
$31.38 billion ..... Earned Income Tax Credit (EITC) (No Change)
$2 billion ......... Low income home energy assistance (No Change)
$4.82 billion ...... Child care funds (No Change)
$17.47 billion ..... Other family and child support (No Change)

Social security ($640.44 billion: increased $141.6 billion)
$543.73 billion .... Old-age and survivors insurance(OASI)
Increased $125.48 bil. from base of $418.251 bil.( 30%)
$96.71 billion ..... Disability insurance (DI)
Increased $16.12 bil. from base of $80.593 bil.( 20%)

Administration of justice ($40.44 billion: increased $1.68 billion)
$18.57 billion ..... Federal Law Enforcement
Increased $1.69 bil. from base of $16.882 bil.( 10%)
$9.9 billion ....... Federal litigation and judicial activities (No Change)
$5.91 billion ...... Federal prison activities (No Change)
$6.06 billion ...... Criminal justice assistance (No Change)

General government administration ($19.48 billion)
$3.37 billion ...... Legislative functions (No Change)
$0.66 billion ...... Executive Office programs (No Change)
$11.29 billion ..... Collection of taxes & fiscal operations (No Change)
$0.84 billion ...... General property and records management (No Change)
$2.33 billion ...... General purpose fiscal assistance (DC, Puerto Rico, etc.) (No Change)
$0.99 billion ...... Other general government (No Change)

Net interest ($162.75 billion)
$352.34 billion .... Interest paid on national public debt (No Change)
$-38.71 billion .... Civil Service retirement/disability surplus (No Change)
$-13.69 billion .... Military retirement surplus (No Change)
$-17.31 billion .... Medicare surplus (No Change)
$-88.69 billion .... Social Security trust fund surpluses (No Change)
$-31.19 billion .... Other interest surpluses (No Change)

Undistributed offsetting receipts ($-53.64 billion)
$-49.47 billion .... Employer share, employee retirement (off-budget) (No Change)
$-3.98 billion ..... Rents and royalties on the Outer Continental Shelf (No Change)
$-0.19 billion ..... Spectrum Auction (No Change)

Tax Expenditures and 2001 Tax Cut ($702.58 billion: cut $284.73 billion)

Corporate Tax Breaks ($0 billion: cut $78.84 billion)
$0 billion ......... Accelerated Depreciation
Cut $14.13 bil. from base of $14.14 bil.(-100%)
$6.65 billion ......... Tax Free Bonds (No Change)
$0 billion ......... Insurance Companies
Cut $6.18 bil. from base of $6.190 bil.(-100%)
$0 billion ......... Multinational Corporations Breaks
Cut $32.16 bil. from base of $16.08 bil.(-200%)
$0 billion ......... R&D Tax Breaks
Cut $7.74 bil. from base of $7.75 bil.(-100%)
$0 billion ......... Other Business & Investment
Cut $18.6 bil. from base of $18.61 bil.(-100%)

Personal Business & Investment Benefits ($24.79 billion: cut $111.81 billion)
$0 billion ......... Capital gains (except homes)
Cut $84.37 bil. from base of $84.380 bil.(-100%)
$0 billion ......... Accelerated Depreciation
Cut $8.52 bil. from base of $8.53 bil.(-100%)
$24.79 billion ......... Tax-Free Bonds (No Change)
$0 billion ......... Exemption of tax on insurance interest
Cut $18.9 bil. from base of $18.91 bil.(-100%)

Pension & Retirement Deductions ($155.69 billion)
$69.66 billion ......... Tax-free on Employer-paid Pensions
Cut $69.65 bil. from base of $ bil.
$23.13 billion ......... IRAs (No Change)
$62.906 billion ......... 401Ks & Keogh plans (No Change)

Employer-paid Health Insurance ($0 billion: cut $120.15 billion)
$0 billion ......... Employer-paid Health Insurance
Cut $120.15 bil. from base of $120.16 bil.(-100%)

Itemized Deductions ($116.04 billion: increased 3.54 billion)
$6.8 billion ......... Mortgage Interest (No Change)
$33.93 billion ..... State and local taxes (w/o home property) (No Change)
$17.73 billion ..... Property Taxes (homes) (No Change)
$40.47 billion ..... Charitable Contributions (No Change)
$10.03 billion ..... Medical Expenses (No Change)
$7.08 billion ...... Higher education deductions
Increased $3.54 bil. from base of $3.54 bil.( 100%)

Other personal tax expenditures ($118.52 billion: increased $22.53 billion)
$26.64 billion ..... Untaxed Social Security benefits (No Change)
$20.86 billion ..... Capital gains on homes (No Change)
$0 billion ......... Miscellaneous fringe benefits
Cut $3.42 bil. from base of $3.43 bil.(-100%)
$6.46 billion ...... Workmen's comp etc (No Change)
$11.28 billion ..... Soldiers and veterans
Increased $5.64 bil. from base of $5.64 bil.( 100%)
$37.92 billion ..... Child credits
Increased $12.64 bil. from base of $25.28 bil.( 50%)
$15.36 billion ..... Education Credits & Deductions
Increased $7.68 bil. from base of $7.68 bil.( 100%)

************************************************** ****************************************

Main changes in programs:

Full college scholarships for top 20% of high school grads: $19.2 billion
Social Security solvency until 2056: $141 billion
Progressive Consumption Tax and Estate Tax reinstatement: -$1558.48 billion
Payroll Tax Elimination: $707.38 billion
Iraqi War: $50 billion

Total spending increases: $292.61 billion
Total revenue increases: $654.31 billion
Grand Total: $4.7 billion surplus :0wned:

This is my proposed budget. It consists of elimination of the payroll tax, a progressive consumption tax, reinstatement of the estate tax, and a roughly $300 billion spending increase, as well as budget and Social Security solvency.

How the Progressive Consumption Tax works: It is levied not on individual purchases but on total personal spending, as measured by the difference between total personal earnings and total personal savings. It might work like this: no tax at all on the first $40,000 spent, a 20 percent tax on spending from 40,000 to 100,000, and a 50 percent tax on all spending above $100,000. In effect, basic necessities would not be taxed, and luxuries would be taxed at higher rates. This plan would be simple to execute. Each year, taxpayers calculate their total income from wages, investment income, and other sources, just as they do now. But then they would take a second step, subtracting the value of all their savings that year--such as savings accrued in a bank account, in a 401(k) plan, or through an investment fund (all of which are easily tracked, meaning that it would be hard to escape detection)-- from their total income. The resulting figure would apply, at progressive rates. The less you spend, the lower your tax rate will be. Lower-income earners would be taxed less onerously, since they spend less; and middle- and high-income earners would be encouraged to save their money, preparing for retirement, which would lessen the Social Security and Medicare loads over time and bolster the country's long-term economic prospects. A national progressive consumption tax would recoup revenues lost from the elimination of the regressive payroll tax and pay down the deficit, as well as making the system less onerous and hurtful for the economy and more progressive.

EDIT: The extra spending on the Iraq war is meant to be used on Iraqi infrastructure and training, and to launch a massive propaganda campaign.