Magazine

Table: What the Bush Budget Chops...and What It Doesn't


What the Bush Budget Chops...

EX-IM BANK

Reduces from $925 million to $687 million funding for agency that finances purchases of U.S. exports

OVERSEAS PRIVATE INVESTMENT CORP.

Cuts from $47 million to $23 million funds for low-cost risk insurance for companies in emerging markets

ADVANCED TECHNOLOGY PROGRAM

Reduces from $132 million to $13 million an obscure Commerce Dept. program that subsidizes tech companies' research

ENERGY R&D

Slashes Energy Dept. research programs by over $300 million, including ones to develop fossil fuels, turbine generators, solar and wind power

...and What It Doesn't

ETHANOL FUEL SUBSIDY

This $800 million tax break subsidizes corn growers, especially in politically powerful Iowa

MARKET-ACCESS PROGRAMS

Bush would increase, from $86 million to $92 million, funds for such promotional groups as the Catfish Institute and National Watermelon Board

CLEAN COAL R&D

It just gets nicked, down from $2 billion to $1.9 billion

TIMBER SUBSIDIES

Loggers get $500 million a year to cut trees on federal property


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