|
|||||||||||||||||||||||
DOC Home Page Newsroom
|
FOR
IMMEDIATE RELEASE Monday,
U.S. Commerce
Secretary
"President Bush's budget puts American entrepreneurs and workers in prime position to innovate and create wealth for their businesses, their families, their communities and their nation," Evans said today. "The President's budget is focused on the people's priorities, and it puts first things first, starting with a fair, responsible and much-needed tax cut," Evans said. "The President's proposed tax cut will do more for American business than any government program could ever do, freeing up money for job creation and innovation, and putting more money in the hands of consumers." Evans emphasized that the President's budget for his Department adheres to the principle that "government's role is not to create wealth, but rather to create an environment in which entrepreneurs and workers can flourish and create wealth." In keeping with that principle, the Commerce Department's budget focuses on those priorities that the federal government is uniquely situated to address, while leaving to the private sector those roles for which the private sector is best equipped. The priorities for the Commerce Department under President Bush's budget are:
Under Bush's
budget, the Commerce Department will have averaged The President's
budget reflects a strong commitment to promoting American business in
the global marketplace and supports the resources necessary to ensure
strict enforcement of our trade agreements. It devotes To ensure
the Department of Commerce's economic indicators, including Gross Domestic
Product, accurately measure the economy as it undergoes the rapid changes
brought by such developments as increased electronic commerce and expanded
use of stock options, the President's budget increases funds for the Bureau
of Economic Analysis by The President's
budget devotes Funds budgeted for scientific and technology research and services, primarily through the Commerce Department's National Institute of Standards and Technology (NIST) laboratories, represent more than a 25% increase over five years ago. To ensure
taxpayer dollars are being used to maximum effect, the Commerce Department
will re-evaluate the Advanced Technology Program, to see if the program's
research and development grants to commercial businesses are warranted,
given the current opportunities for high-tech firms. While ongoing projects
will be funded through their scheduled completion, the administration
proposes that funding for new grants is suspended in Under the
President's budget, funds for the National Oceanic and Atmospheric Administration
will be more than 50 percent higher than five years ago. Increases totaling
|
||||||||||||||||||||||
US Department of Commerce, 1401 Constitution Avenue, NW, Washington, DC 20230 Last Updated: October 18, 2007 10:29 AM Contact Secretary Gutierrez by e-mail at cgutierrez@doc.gov. Direct inquiries about this page to webmaster@doc.gov. Privacy Policy |