The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-12-09
THE BISMARCK TRIBUNE

Competition between the govern
| mcnt and the airplanc industry is
| not contemplated. Mr.. Coolidge said
| in referring further to the air trans
| portation question. He felt. that with
the appropriations already made and
the estimates carried in this bud
get, the industry which he said
! should be kept alive for a national
emergency, would be assured Of Il
normal and proper growth.
Returning to the fiscal affairs Of
tho government, the president eX-
pressed hope that further reduction
in taxes now proposed would serve
as 4 fresh stmulant to general bust
! ness. He believed it would produce
fresh tax sources and increase or at
! least maintain the governments rev
! cnuc requirements without the high
cr tax levicS OF the present day.
"Thc outlook fer the coming iis-
cal year. 1927, is most favorable"
| Mr.. Coolidge continued. For that
/ year it is estimated that the ordin-
AIRY receipts will be S3,S2 $50 900 and
expenditures 50. ,222 900. This in
dicateS atSurplus of S3%0,30T 900.
"Thc outlook for 1926 and 1927
! shows clearly that the united effort
; Of . the executive and Legislative
branches of the government for econ
: omy in federal expenditures is bear
! ing further fruit. In the last four
! fiscal years there have been two sub
/ Stantia! reductions in taxes. We
have restored to the people 4 part Of
! the moneys which we required of
, them t" finance the world war. We
are now in that favorable position of
. making further restoration. The
! budget and accounting act contem-
plates that under the fortunate con
! ditionS in which we now find our
selves the chief executive will make
recommendations to the congress as
TO the disposition of the estimated
surplus Of revenue. | therefore rec
ulAnend to the congress that there
be u further reduction in taxes. The
satisfaction Of the chief executive in
having opportunity to make such :,
recommendation | know is shared by
the congress whose cooperation with
the chief executive in the conscrva-
tion of public funds has made such
reduction IN taxes possible.
New Projects Opposed
"rhc Ways and Means Committee
Of the House of Representatives has
been informed Of our prospective
surplus for 1927 That committee
has prepared tax reduction mca-
sure. While this measure somewhat
exceeds my Judgment in amount and
in exemptions. yet with continuing
, pressure for economy in the federal
service and the stimulation to busi-
ness which will result from tax re-
duction, perhaps we can make fur
h,,,. al, ,It - Ia.
sum total Of our prospective surplus
for 1927 without jcopardizing the
balancing of our annual budget. Such
reduction, however, should carry on
obligation not to embark upon new
projects involving large annual cx-
D.. pcnditurc if we are to safeguard the
integrity OF our budget.
"The fruits Of our laborS are re-
ncctcd in the coming tax reduction
measure. 1t reflects the results Of
the efforts Of the servants of the pco-
pie and, Of their representatives in
behalf of the people. There have
been no partisan politics in cXpcdit-
ing its preparation. hope this
same condition will prevail in tn,
cons Iteration Of the measure.
! "ThiS brings Us to the estimates
Of appropriations contained in this
budget. These estimates reflect the
continuing pressure for economy II
federal expenditure. We have abou,
reached the time when the Legitimate
business Of government can not bt
carried on 1T Il less expenditure thar
that which it now requires. With re
gard to our lcgitimateS business thu
operating costs have been reduced tt
nearly a minimum. TIL" normal OK
pansion Of the business of the gov
crnmcnt in keeping pace with ;
growing nation will involve addc'
expenditure from year to year. The
effort for economy, however. mus
continue. so far as it lies within
'thc power OF the chief executive i
! will continue