How would you convince the boss to keep this program?

Your boss announced a major budget cut for each department. One of the areas he wants to cut is the home leave allowance for the expatriate employees. You know this is a good benefit that helps the morale of expatriate family members as well as the employee, and losing it will also hurt in recruiting talent to serve abroad in your subsidiary companies. How would you convince the boss to keep this program? What would you suggest replacing instead of the home leave program?  (A MINIMUM OF 125 WORDS or MORE )