Bush and South Carolina
Economy: **South Carolina has created 18,400 new payroll jobs since January 2004.**
- In 2004, more than 1.4 million South Carolina residents will enjoy the benefits of lower income tax bills, per direct result of the President’s tax relief policies.
- More than 290,000 South Carolina businesses will enjoy tax savings, benefiting from the combined impact of the President’s initiatives.
- More than 425,000 married couples will see their taxes reduced immediately, per the acceleration of the provisions designed to increase the standard deduction for joint filers.
Nearly 390,000 single parents and married couples will enjoy immediately the acceleration of the child tax credit increase from $600 to $1,000.
- More than 1.3 million taxpayers in South Carolina will benefit from the new, low 10 percent income tax bracket.
More than 250,000 taxpayers in South Carolina will benefit from the reduction in income tax rates.
270,000 taxpayers in South Carolina will benefit from the reduced tax rates on capital gains and corporate dividends.
- All 606,567 South Carolina Medicare beneficiaries are eligible for the new voluntary Medicare Prescription drug benefit.
- The bipartisan Medicare Prescription Drug Bill provides $803 million in Medicare funding for doctors, hospitals and other health care providers in South Carolina over the next ten years, including a $452 million increase in South Carolina funding for health care benefits for rural health care centers.
- South Carolina has received $87.8 million in Homeland Security funding for Port Security and State Domestic Preparedness.
- The President is committed to rebuilding our military and intelligence agencies after the decline and neglect that occurred during the 1990s.
- The President has increased funding in his commitment to securing our nation's food supply, securing our ports, supporting first responders, and halting proliferation of weapons of mass destruction.
- The U.S.-led coalition in Iraq following Operation Iraqi Freedom liberated 26 million people from a ruthless dictatorship that had developed and used weapons of mass destruction, cultivated ties to terrorist groups, harbored known terrorists, and defied more than a dozen U.N. Security Council Resolutions demanding that it disarm.
- With the support of the Afghan people and 70 other nations, Operation Enduring Freedom's U.S. forces liberated Afghanistan, dismantled the Taliban, and destroyed al-Qaida’s terrorist training camps.
- In his commitment to defending our nation against biological weapons, the President has proposed $5.6 billion over the next decade for the Project Bioshield initiative to develop and purchase cutting-edge drugs, vaccines, and other bio-defense supplies.
- President Bush’s bi-partisan No Child Left Behind Act of 2001 provides historic levels of funding in exchange for greater accountability to ensure that every child reaches proficiency in the reading and math.
- President Bush’s investments in education from 2001 to 2005 will have provided South Carolina an estimated $4.6 billion in federal education funding including $579.4 million for Title I, $58.6 million for Reading First, $110 million for Teacher Quality, $505.9 million for Special Education, and $674 million for Pell Grants.
- The President’s 2005 budget request reflects his commitment to South Carolina’s students by increasing total federal education funding to $1.4 billion — a 52% increase since 2001.
- South Carolina will receive $173.3 million in Title I funding to turn around low-performing schools and improve teacher quality for low-income students. This represents a 51% increase since 2001. The President’s budget provides South Carolina with $181.7 million to support Special Education – a 72% increase since 2001.
- To help ensure a college education for South Carolina students who otherwise might not be able to afford one, President Bush is proposing a record $181 million in Pell Grant funding – a 28% increase since 2001.
- Teachers benefit from the President’s $36.7 million investment in Teacher Quality grants which can be used to hire more teachers, provide professional development, or offer salary bonuses.
- President Bush’s $15.7 million in Reading First funds reflects his commitment to ensuring every child in South Carolina is able to read by the time they finish the third grade.
- South Carolina's veterans will receive more than $1 billion for timely and quality medical care, an increase of 7% over FY 2004.
- South Carolina will receive $62 million for the Women, Infants, and Children program under the FY 2005 budget.
- $2 billion will go to South Carolina's Medicaid program in FY 2005
- The President has allocated $300 million for the Faith-based and Community Initiative for prisoner release and transition, $150 million for mentoring disadvantaged youth, and $200 million for drug addiction rehabilitation. ~LH 1 Timothy 4:12~