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For Immediate Release
September 8, 2008
For more information: Contact Brett, (603) 995-9284
Bosse Keeps $30 Billion Promise
Conservative Candidate Shows Unmatched Commitment to Cutting Spending
(Concord) Republican Congressional candidate Grant Bosse today completed his groundbreaking “50 Days, 50 Ways to Cut Federal Spending” Initiative, calling for the elimination of the Advanced Technology Program. Over the past 50 days, Bosse has proposed a cut in federal spending every day, showing a commitment to fiscal discipline unmatched by his rivals. Overall, Bosse has proposed over $30 billion in annual savings for taxpayers.
“In the Republican Primary, three candidates are asking voters to trust them to cut federal spending if they get elected. I’m the only candidate willing to tell voters where I would do it,” Bosse said. “If we want to rebuild the Taxpayer Majority upon which the Republican Party is based, we need to give voters more than empty promises.”
The Advanced Technology Program is a poster child for corporate welfare in Congress. It provides $139 million each year in taxpayer subsidies for companies to bring new products to market. After receiving federal money, these companies then profit from their new products, but do not refund taxpayers for their investment. Bosse has made such corporate giveaways a target of his “50 Days, 50 Ways” Initiative, along with pork-barrel projects and federal programs that can not show any results.
“Voters get to choose the direction of the Republican Party at the polls when they pick the candidate to take on Paul Hodes in November,” Bosse concluded. “We can stick with earmarks and empty promises, or we can make a real commitment to cutting federal spending. I’m the only candidate who can be trusted to cut spending in Washington.”
"50 Days, 50 Ways to Cut Federal Spending" proposed a grand total of $30,106,500,000 in taxpayer savings by eliminating unnecessary federal programs. Bosse's opponents combined to offer $0 in taxpayer savings. To learn more about Bosse’s aggressive grassroots campaign, go to www.Bosse2008.com.
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50 Days, 50 Ways to Cut Federal Spending
Program Savings
Ethanol Subsidies $6,300,000,000
Oil and Gas R&D $25,000,000
Univ. Nuclear Energy Program $15,000,000
CSBG $654,000,000
Denali Commission $7,000,000
Education for Native Hawaiians $33,300,000
Alaska Native Ed. Equity $33,300,000
Amtrak Long Distance Routes $484,000,000
Clean Coal Technology $50,000,000
Peanut Subsidy $140,000,000
ITA Trade Promotion $305,000,000
Hollings MEP $90,000,000
Byrd Scholarships $40,300,000
Historic Whaling Partners $8,800,000
Corp. for Public Broadcasting $420,000,000
NEA $126,000,000
NEH $143,000,000
National Capital Arts $8,000,000
Milk Pricing $1,150,000,000
Sugar Subsidy $160,000,000
Citrus Canker Compensation $10,000,000
Congressional Pay Raises 2,000,000
Hydrogen Fuel Initiative $183,000,000
Energy Star Program $75,000,000
Coal Reclamation Grants $20,000,000
Export Enhancement Program $28,000,000
Minority Bus. Dev. Agency $30,000,000
Market Access Program $53,000,000
Unverified EITC payments $8,500,000,000
Foreign Market Dev. Program $24,000,000
Appalachian Regional Comm. $39,000,000
Emergency Steel Loan Program $10,000,000
Economic Dev. Administration $201,000,000
Military Exchanges $76,000,000
Federal Building Fund $552,000,000
Presidential Election Fund $55,000,000
Graduate Student Loans $840,000,000
Administrative Fees to Schools $144,000,000
Domestic Dependant Schools $78,800,000
Essential Air Service $103,000,000
Next Gen. High Speed Rail $20,000,000
New Starts Transit Program $1,204,000,000
Repeal Davis-Bacon $250,000,000
Even Start $66,000,000
OPIC $63,000,000
CDBG $4,934,000,000
Import-Export Bank $100,000,000
End GSE Portfolio Subsidy $1,624,000,000
Register GSE's with SEC $490,000,000
Advanced Technology Program $139,000,000
Total Annual Savings: $30,106,500,000
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