(May 11, 2009; 3:15 pm) The Treasury's Office of Tax Policy has released its General Explanations of the Administration's Fiscal Year 2010 Revenue Proposals, aka the “2009 Green Book” ( download the 130 page pdf here ).  This provides further details on the administration's proposed tax cuts, loophole closures, and efforts to finance deficit reduction, health care reform, and other policy initiatives.

——-

( May 8, 2009; 2:30 p.m.) DOD Procurement:  $131 billion, just one percent down from last year. Shows that Defense Secretary Gates’ cutbacks in weapons sacred to Congress were offset by increases in those beloved by the Pentagon.

The Army takes the biggest hit because of cuts to vehicles including the Bradley fighting vehicles, Strykers and Future Combat Systems, but gains $651 million for 36 MQ-1 Predators and $80 million for 704 Raven UAVs. It also picks up a whole bunch of CH-47 cargo helicopters and gets a little bump in space spending. JIEDDO gets slashed from $3.5 to $2 billion.

The Navy picks up an extra $2.6 billion for F-35 Joint Strike Fighters. F-18 fighters are cut by nearly half, which is probably why the House approps committee “encouraged” a new multiyear procurement program in the supplemental bill. The Air Force topline shrinks from the cancellation of the F-22, but money is added for three C-130J cargo aircraft and acceleration of the Advanced EHF satellite program as well as Wideband Gapfiller Satellites. Classified programs expand from $527 to $854 million.

Defensewide, the MRAP vehicle fund gets an extra billion, bringing its annual funding to $5.4 billion. The Missile Defense Agency’s “major equipment” funding, including THAAD and SM-3, jumps from $161 to $589 million. A new Rapid Acquisition Fund for quick combat purchases is also launched with $80 million.

——-

(May 8, 2009; 11:15 a.m.) Defense Department budget justification documents can be found here . They detail the Pentagon's spending plans for both the $533 base budget and a $130 million war request (we're using the grand total numbers). Here's the first installment of our notes on toplines and items of interest:

Military Personnel:   $136 billion, 8% higher than 2009. Army and Marine Corps account for most of the increase, unsurprisingly.Biggest factor is 2.9% salary increase for soldiers.

Operations and Maintenance:   $276 billion, roughly the same as last year. Logistics operations, or the delivery of supplies to troops, grew for all the servcies, the Army in particular (from $4.7 to $7 billion) due mostly to transportation costs. War spending reflects the shift around the globe, with the Afghanistan Security Forces Fund jumping from $5.6 to $7.4 billion and the Pakistan Counterinsurgency Capability Fund also getting a bump, while the Iraq Security Forces Fund is eliminated altogether.

Pentagon oversight agencies get some more attention: A Defense Acquisition Development Fund is created with $100 million, and the Defense Contract Audit Agency and Defense Contract Management Agency get a little more cash, while the Inspector General’s funds decrease ever so slightly.

——-

( May 7, 2009; 2:45 pm) FY 2010 DOE Budget Request to Congress:   Deparment of Energy (DOE) Budget Documents are available.  There are both summary documents and detailed justifications on the department's site.

——-

( May 7, 2009; 1:20 pm) TCS staff is experiencing déjà vu going through the Terminations, Reductions, and Savings sectio n. Many of these proposals (almost half) were included in the previous administration’s budgets. The only chance for a different outcome will be if the President and his team put the political muscle behind their budget and force Congress to make hard choices. That is where the last administration came up short time and again.

——-

(May 7, 2009; 12:52 pm) The Obama Administration today presented details on the $3.4 trillion fiscal year 2010 federal budget.  TCS staff are reading through the nearly 1500 pages.  You can download all of the administration's budget documents yourself following the links below.

President's Letter to Congress

President's FY2010 Budget: Terminations, Reductions, and Savings

President's FY2010 Budget Appendix (12MB)

President's Budget Overview (first published February 26, 2009)