Major Savings and Reforms in the President's 2006 Budget

摘要

The 2006 Budget meets the Nations priorities in a fiscally responsible way. In order to focus Government resources on these priorities, the Administration is proposing this package of savings and reforms. During his first term, the President worked with Congress to meet historic challenges: a collapsing stock market, a recession, revelation of corporate scandals and, of course, the terrorist attacks of September 11th. To meet the economys significant challenges, the President proposed and signed into law, in each year of his first term, major tax relief that fueled recovery, business investment and job creation. Those remedies are clearly working: the U.S. economy is strong and fundamentals point to continuing prosperity and expansion. Sustaining this economic expansion requires additional action, including even greater spending discipline. When the Federal government focuses on its priorities and limits is claims on resources taken from the private sector, that helps sustain a stronger, more productive economy. This supplementary document to the 2006 Budget explains the specific savings proposed in the President's Budget. Combined with continuation of pro-growth economic policies, the spending restraint this package of savings and reforms enables will keep us on track to meet the President's goal of cutting the deficit in half by 2009. This document describes the major sources of budget savings from reductions and terminations in existing discretionary non-defense programs$ major reforms in mandatory spending programs$ user fee proposals$ transformation and restructuring of Defense programs to meet 21st Century threats$ and budget process reform proposals. Each description includes background material to help inform budgetary decisions by the new Congress as it works to enact a budget resolution and subsequent laws that accomplish spending restraint and deficit reduction in a responsible manner.