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

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

CheckBenefits an estimated 38,000 Wyoming small businesses and entrepreneurs by reducing marginal tax rates and making the Research & Development tax credit permanent.

CheckProvides tax relief for roughly 176,000 Wyoming citizens who pay taxes.

CheckProvides relief for an estimated 104,000 Wyoming married couples by reducing the Marriage Penalty.

CheckProvides relief for an estimated 48,000 Wyoming families by doubling the Child Tax Credit.

CheckIncreases Wyoming's education funding over current levels to more than $109 million to give local schools more tools to ensure that no child is left behind.

CheckIncreases Wyoming’s Head Start funding over current levels to more than $10.5 million to better prepare Wyoming children for success in school.

CheckIncreases funding to more than $32.7 million in housing assistance and services for low-income Wyoming citizens.

CheckProvides more than $1.3 million in funding for water resource projects along Wyoming’s rivers and waterways.

CheckProvides more than $20 million to fund Wyoming environmental protection efforts.

CheckProvides more than $5.6 million to help conserve Wyoming’s natural resources – a 638% increase over current levels just for Wyoming.

CheckProvides an estimated $ 197 million in highway funding for Wyoming.

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

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

CheckIncreases funding over current levels to more than $505,000 to help more Wyoming children awaiting adoption find loving homes faster.

The President’s Budget Funds Important Priorities for Wyoming:

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 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 and their families and 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 $5.6 million targeted for Wyoming’s conservation efforts; gives the EPA the second highest operating budget ever -- $3.7 billion, with more than $20 million targeted for Wyoming’s environmental efforts; and increases funding for the EPA $56 million above the amount requested by President Clinton.

Wyoming 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 Wyoming citizens in many important ways.

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

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

Fair and Responsible Tax Relief for all Wyoming Taxpayers:

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

CheckAn estimated 176,000 Wyoming taxpayers stand to benefit by the new, lowered rate structure.

CheckAn estimated 38,000 Wyoming small businesses and entrepreneurs stand to benefit from the tax cut.

Check1 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.

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

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

CheckA family of four in Wyoming 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%.