The White House, President George W. Bush Click to print this document
The President's Budget & South Dakota

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

Benefits an estimated 55,000 South Dakota small businesses and entrepreneurs by reducing marginal tax rates and making the Research & Development tax credit permanent.

Provides tax relief for roughly 263,000 South Dakota citizens who pay taxes.

Provides relief for an estimated 152,000 South Dakota married couples by reducing the Marriage Penalty.

Provides relief for an estimated 72,000 South Dakota families by doubling the Child Tax Credit.

Increases South Dakota's education funding over current levels to more than $175 million to give local schools more tools to ensure that no child is left behind.

Increases South Dakota’s Head Start funding over current levels to more than $17.9 million to better prepare South Dakota children for success in school.

Increases funding to more than $80 million in housing assistance and services for low-income South Dakota citizens.

Provides more than $85 million in funding for water resource projects along South Dakota’s rivers and waterways.

Provides an estimated $21.8 million to fund South Dakota environmental protection efforts.

Provides more than $5 million to help conserve South Dakota’s natural resources – a 564% increase over current levels just for South Dakota.

Provides an estimated $207 million in highway funding for South Dakota.

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

Provides a $5.6 billion National Emergency Reserve to aid South Dakota and other states struck by disasters.

Increases funding over current levels to more than $1.8 million to help more South Dakota children awaiting adoption find loving homes faster.

The President’s Budget Funds Important Priorities for South Dakota:

Improving 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.

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

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

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

Improving 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.

Protecting the Environment. Fully funds the Land and Water Conservation Fund – a $900 million commitment, with more than $5 million targeted for South Dakota’s conservation efforts; gives the EPA the second highest operating budget ever -- $3.7 billion, with an estimated $21.8 million targeted for South Dakota’s environmental efforts; and increases funding for the EPA $56 million above the amount requested by President Clinton.

South Dakota Will Benefit from the President’s Historic Debt Reduction:

The 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 South Dakota citizens in many important ways.

Fair and Responsible Tax Relief for all South Dakota Taxpayers:

Provides the typical family of four in South Dakota paying income taxes $1,600 in tax relief.

An estimated 263,000 South Dakota taxpayers stand to benefit by the new, lowered rate structure.

An estimated 55,000 South Dakota small businesses and entrepreneurs stand to benefit from the tax cut.

1 in 5 taxpaying families with children will no longer pay any income tax at all – completely removing 6 million American families from the tax rolls.

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

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

A family of four in South Dakota making $75,000 a year will receive a 25% tax cut.

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


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