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Thursday, April 12, 2007

CAGW Releases Prime Cuts 2007 in Anticipation of Tax Day

Washington, D.C. -- Citizens Against Government Waste (CAGW) today released Prime Cuts 2007, a comprehensive look at the depth and breadth of waste throughout the federal government. Just in time for Tax Day, the report catalogues 750 recommendations throughout the government which, if enacted, could save taxpayers $280 billion over the next year and $2 trillion over the next five years.
“As Americans reluctantly finish filing their tax forms, it is important to call attention to where all that money is going. Unfortunately, as Prime Cuts proves, much of it goes toward inefficient and wasteful government programs,” said CAGW President Tom Schatz.
Prime Cuts includes examples of agencies, programs, and policies that are plagued by fraud or negligence, serve political or parochial interests rather than the general good, do not demonstrate results, duplicate efforts in the private sector, circumvent procedural checks for transparency and accountability, or exceed their original mandate.
Prime Cuts features some long-standing proposals to terminate specific programs, such as the White House’s National Youth Anti-drug Media Campaign (saving $512 million over five years), sugar subsidies (saving $800 million over five years), and the Advanced Technology Program (saving $721 million over five years). New recommendations include eliminating the Historic Whaling and Trading Partners Program and the Denali Commission, which together would save $80 million over five years.
During fiscal 2007, 14 Prime Cuts recommendations were enacted which will collectively save taxpayers almost $3 billion in the first year and $46.5 billion over five years.
“As Prime Cuts shows, Congress has no excuse for failing to identify and eliminate wasteful spending other than its own indifference,” Schatz concluded.
Citizens Against Government Waste is a nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, abuse, and mismanagement in government.

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