Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1925-07-01
COOLIDGE PLEDGES
Tx GUT IN 1926
President Tells u. S. Off
Gals 1925 Surplus Is
$2OO,OOO,OOO.

Washington.-Pres Coolidge, in
a message to the business organiza-
ton of the government before leaving
for his summer vacation, pledged him
self anew to a policy of strict govern
ment economy that will assure further
reduction of the peoples tax burden.
The President officially announced
the pOssibilit of an immediate reduc-
ton in income taxes of $500. 1000, 600
or more on the basis OF economies al
ready effected and called for a further
reduction in the cost of government
which will make possible still further
tax lowering.
lie congratulated government Off
Gals charged with responsibility for
government expenditures for their
patriotic zeal and successful efforts
to keep the budget down land reiter-
ated his plea to the states to assume
financial responsibilities now borne by
the federal government.
Predicting a government surplus of
$29O,OOO,O0O for the next fiscal year, q
prediction in which General Lord, di-
rector of The budget, joined, the Pres
ldent aroused the enthusiasm of the
assembled heads of departments when
he announced that the government
would end this year at the close of
this month with a surplus of $780,
100000.
Tax Reduction Aim.
tbo Il
with emphasis, was the end being
sought in his campaign for reduction
OF government expenditures and re-
auction of government costs was only
the means to that end
The direct benefciaries," said the
President, 'are composed of those who
file the 100000 tax returns. The in
direct benefciaries are all the rest OF
the American people, who must and
do make an indirect contribution to
the enormous sum of more than $10,-
OoO,OOO every day in the year which
goes out from the national treasury.
Summary of Address.
Following are the chief pleas for
economy made by President Coolidge
in his address to the administrative
heads of the government here:
Aim-We are seeking to let those
who earn money keep more of it for
themselves. Governmental extrava-
gance violates the fundamental con-
ceptions and the very genius of
American institutions.
Budget-In the four years of opera
ton under the budget system the
annual expenditures have been re-
duced $2,0S1 100000 and the public
debt has been decreased So, 426, 600 900.
Taxes-The way has been prepared
for further tax reductions. This | will
recommend to the next congress in
the next budget message. If there Is
one thing above all others that will
stimulate business, it is tax reduc-
ton.
Economy-There can be no inter
ruption in this effort for constructive
economy in The federal business. To
this we are dedicated. 1t is an effort
to enrich the lives of the people we
serve. There could be no nober pur-
pose.
SaVing-It is my desire that the
total of our expenditures for the COM
ing year, excluding alone the postal
service, be kept within $3,375, 600 900.
This is $125,000,000 less than our esti-
mated comparable expenditures for
this year.
Estimates-The estimates for the
fiscal year 1927 are our next consid-
GRAFTON. 1t will be my effort to hold
these estimates within total Of $3,08O,-
coo, exclusive Of the postal service.
Duty-We are waging a fight for
taxpayers.
Waste-There are still reductions
to be made. There are yet wastes to
be eliminated. l expect you to prose
cute a campaign of relentless econ
omy. You must not, you cannot fail.