From what I'm hearing from all the broke ass people at work, people are going to get an overtime tax break this year. Going to be retroactive but might max out at only $10K or something like that. Either way it's just a start.
Best way to reduce the military buget (Clinton did a bunch of hack and slash) is to first reduce the threat or more efficient equipment. I'm sure we don't need as many over seas bases in the future.