Benefits more than 194,000 Iowa small businesses and entrepreneurs by reducing marginal tax rates and making the Research & Development tax credit permanent.

Provides tax relief for roughly one million Iowa citizens who pay taxes.

Provides relief for an estimated 605,000 Iowa married couples by reducing the Marriage Penalty.

Provides relief for an estimated 287,000 Iowa families by doubling the Child Tax Credit.

Increases Iowa’s education funding over current levels to more than $366 million to give local schools more tools to ensure that no child is left behind.

Increases Iowa’s Head Start funding over current levels to more than $48.6 million to better prepare Iowa’s children for success in school.

Increases funding to more than $245 million in housing assistance and services for low-income Iowa citizens.

Provides more than $47.5 million in funding for water resource projects along Iowa’s rivers and waterways.

Provides more than $44 million to fund Iowa’s environmental protection efforts.

Provides more than $ 6.2 million to help conserve Iowa’s natural resources – a 456% increase over current levels just for Iowa.

Provides an estimated $338 million in highway funding for Iowa.

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

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

Increases Iowa’s funding over current levels to more than $23 million to help more Iowa children awaiting adoption find loving homes faster.

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 21^st 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 $6.2 million targeted for Iowa’s conservation efforts; gives the EPA the second highest operating budget ever -- $3.7 billion, with more than $44 million targeted for Iowa’s environmental efforts; and increases funding for the EPA $56 million above the amount requested by President Clinton.

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 Iowa citizens in many important ways.

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

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

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

An estimated one million Iowa taxpayers stand to benefit by the new, lowered rate structure.

An estimated 194,000 Iowa 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 Iowa making $35,000 a year will receive a 100% federal income tax cut.

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

A family of four in Iowa 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%.