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Federal budget estimates for fiscal year 2006.

From: Survey of Current Business  |  Date: 3/1/2005  |  Author: Mandel, Benjamin A.; Robinson, Michelle D.

ON February 7, 2005, the President of the United States of America submitted the Federal Budget of the United States Government, Fiscal Year 2006 to Congress. (1) The Federal budget proposes continued funding for the war on terrorism and homeland security and reductions in nondefense discretionary spending. It proposes to permanently extend various tax cuts and expiring tax provisions. In addition, it proposes to introduce several tax incentives to promote economic growth.

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