A New Approach to Budgeting—Continued
- K-12 Education. Increases funding for elementary and secondary education by $1.9 billion in 2002 over 2001 funding, a 10-percent increase.
- Reading. Fully funds President's Reading First initiative at $900 million in 2002, more than tripling funding for reading.
Medicare. Sets aside $153 billion over the next 10 years for Medicare modernization, including integration of prescription drug coverage and the Immediate Helping Hand program.
- National Institutes of Health (NIH). Continues commitment to double NIH, by providing a $2.8 billion increase for NIH, the largest annual funding increase in NIH's history.
- WIC. Funds the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) at 7.25 million individuals a month, maintaining current program level.
- Conservation. Provides the highest ever request for the Land and Water Conservation Fund - fully funding the program at $900 million.
- Energy Assistance. Nearly doubles the existing Weatherization Assistance Program providing an increase of $1.4 billion over 10 years.
- Community Health Centers. Launches a doubling of the number of people served by Community Health Centers by adding 1,200 new sites.
- Provides tax relief to all Americans who pay income tax.
- Reduces the marriage penalty.
- Ends the death tax.
- R&D tax credit. Permanently extends the research and development (R&D) tax credit.
- Tax incentives. Provides other tax incentives for education, farmers, the disabled, health care, the environment, and charitable purposes.
- National Defense. Provides a $14.2 billion increase in Department of Defense spending in 2002 to begin to arrest the decline in national security, including $1.4 billion for military compensation to improve quality of life and reenlistment and retention of military personnel, $2.6 billion for research and development for new technologies (including missile defense alternatives), and $400 million to improve housing for our military members and their families.
- International security. Improves embassy security overseas, adding $1.2 billion.