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PHOTO: President Bush Speaks to Joint Session of CongressThe President's Budget & Michigan

The President’s budget funds America’s priorities, provides the largest debt reduction in history and provides fair and responsible tax relief. In Michigan, the budget:

CheckBenefits an estimated 536,000 Michigan small businesses and entrepreneurs by reducing marginal tax rates and making the Research & Development tax credit permanent.

CheckProvides tax relief for roughly 3.6 million Michigan citizens who pay taxes.

CheckProvides relief for an estimated 1.9 million Michigan married couples by reducing the Marriage Penalty.

CheckProvides relief for an estimated 927,000 Michigan families by doubling the Child Tax Credit.

CheckIncreases Michigan’s education funding over current levels to more than $1.3 billion to give local schools more tools to ensure that no child is left behind.

CheckIncreases Michigan’s Head Start funding over current levels to more than $220 million to better prepare Michigan’s children for success in school.

CheckIncreases funding to more than $686.7 million for housing assistance and services for low-income Michigan citizens.

CheckProvides more than $42 million in funding for navigation and flood control projects in Michigan.

CheckProvides more than $104 million to fund Michigan’s environmental protection efforts.

CheckProvides more than $ 10.9 million to help conserve Michigan’s natural resources – a 317% increase over current levels just for Michigan.

CheckProvides an estimated $920 million in highway funding for Michigan.

CheckProvides $391 million for programs and grants to help local fire departments and emergency services in Michigan and all across America with training, equipment, and fire fighting and lifesaving efforts.

CheckProvides a $5.6 billion National Emergency Reserve to aid Michigan and other states nationwide struck by disasters.

CheckIncreases Michigan’s funding over current levels to more than $101 million to help more Michigan children awaiting adoption find loving homes faster.

The President’s Budget Funds Important Priorities for Citizens of Michigan:

CheckImproving Education. Provides the Education Department with the largest percentage spending increase of any federal department (11.5% or $4.6 billion) and triples funding for children’s reading programs.

CheckProtecting Social Security. Locks away every penny of the $2.6 trillion Social Security surplus for Social Security.

CheckPreserving Medicare. Spends every dime of Medicare receipts over the next 10 years only for Medicare, increases Medicare funding over the next year by $21 billion, and modernizes Medicare with an integrated prescription drug benefit.

CheckStrengthening Defense. Improves quality of life of our troops & their families & begins the transition to a 21st century force.

CheckImproving Healthcare. Doubles funding for NIH medical research on important health issues like cancer, the largest funding increase in NIH history. Creates more than 1,200 new community health centers nationwide to make health care more accessible.

CheckProtecting the Environment. Fully funds the Land and Water Conservation Fund – a $900 million commitment, with more than $10.9 million targeted for Michigan’s conservation efforts; gives the EPA the second highest operating budget ever -- $3.7 billion, with more than $104 million targeted for Michigan’s environmental efforts; and increases funding for the EPA $56 million above the amount requested by President Clinton.

Michigan Will Benefit from the President’s Historic Debt Reduction:

CheckThe President’s Budget provides the fastest, largest debt reduction in history and reduces the debt to its lowest share of the economy since World War I, which will benefit Michigan citizens in many important ways.

  • Lower government debt means lower interest rates on Michigan citizens’ home mortgages, car loans, credit cards and other expenses.

  • Future generations of Michigan citizens will not be burdened with repaying our debt obligations.

Fair and Responsible Tax Relief for all Michigan Taxpayers:

CheckProvides the typical family of four in Michigan paying income taxes $1,600 in tax relief.

CheckAn estimated 3.6 million Michigan taxpayers stand to benefit by the new, lowered rate structure.

CheckAn estimated 536,000 Michigan small businesses and entrepreneurs stand to benefit from the tax cut.

CheckA family of four in Michigan making $35,000 a year will receive a 100% federal income tax cut.

CheckA family of four in Michigan making $50,000 a year will receive a 50% tax cut – receiving at least $1,600.

CheckA family of four in Michigan making $75,000 a year will receive a 25% tax cut.

CheckThe marginal income tax rate on low-income families will fall by more than 40%.

Check1 in 5 taxpaying American families with children will no longer pay income taxes – removing 6 million American families from the tax rolls.