Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-12-06
NEARLY
four BILLION
OF CONGRESS
Coolidge Sees No Tax
Reduction In Re-
porting u. S. Budget
For 1880

Voicing again his plea for govern
mental economy, President Coolidge
submitted to congress today a bud
get for the fiscal year 1880 calling
Tor expenditures Of $3.50, 1881,
leaving the treasury with an esti-
mated S60.576,ls2 surplus which ne
declared offered no immediate pros
peet Of further tax reduction.
The estimated surplus, when
would be available June 30, 1850, Is
based upon expected revenue total
ling 1884, 295,s29. Describing the
surplus as small. the president said
it was nevertheless satisfactory as
IL points to a balanced budget.
Mr.. Coolidge warned congress that
"it is clear that We cannot assume
any great additional e~Xpenditure
without jeopardizing this iavoraoie
outlook"
No Tax Reduction Seen
I'VE are committed irrevocably 70
a balanced budget" he SAID, an
that carries the assurance that 7
'anly revision of our tax laws "htSn
will be considered is a re'isIo"
= downward. We have no lmmeuia'.
prospect Of any further reauolI1n
in tax rates; but we have no thoush'
Of ~curtailing in any way the oehei,'s
which have gone 70 the people py
the four reductions Already maze ;"
taxes"
Giving an account also Of the
progress of fiscal affairs Tor me
current year, the president said the
outlook for 1893 lis not SO bright.
Referring to budget estimates that
predicted a surplus of S252, 540.2s2 al
tn. close Of the fiscal year next
June so, Mr.. Coolidge observed that
"this forecast has been materially
changed" He recalled that the best
estimate" at the beginning OF the
e, ar envisaged a S94, 600, 600 deficit
tad now with the year nearing the
halfway mark he declared II most
ratifying" that a surplus OF $780,
be0,i92 is in prospect. The presi-
gi.nt did not detail the factors which
siti revised the outlook.
DO, Sum Asked Increases
gr.the total appropriations recon-
les nded by the president TO pay for
governmental operations during the
ar beginning next July ! exceed
inose in last years budget By $685.
2,6l6. The largest outlay is for
M.tional defense-S6is,5 ll 800. For
see army and navy, excluding nom
aiilitary items, the total is com
Jared with S6i5, 600, 900 carried in
Ele years budget and an estimated
expenditure for the current year OF
n572.s4i,2s S. The estimated expen-
ditures for national defense next
near. the president said. would total
.56s.2T7,7l2 for 1890. The increase
.s held chiefly due to the fact hat
urplus supplies left over from the
ar have been used and il is now
necessary TO increase the cash pro-
n'sion to replace the reserves.
; hThe next largest item in the bud
~ in for the care OF war veterans.
ysn,-ses under this division being
80. lted to total S597 .375. 900 for
=. lear. an increase Of Sa6,S7l, 500
.o;s ne estimated cost Of this year.
80 1 control cost is fixed at $751;
go for 1880 and the executive
that il il should develop that
more money was needed a further
estimate would be presented to con-
gress.
Asks Accord on French Debt
In his message President Cool
idge called attention to the French
debt, observing that on August /,
1929. bonds of the French govern
ment amounting to 500, 900 900 will
mature. These bonds were issued
in payment for supplies this govern
ment had in France at the close of
the war. France also purchased
supplies from the army amounting
to ST.Si1.145, which becomes due in
1880.
The president said that these
amounts we're not included in the
budget because they were merged
in the debt settlement arreemnt
with France Of 1926 which planned
TO extend payment of the French
debt over a period Of 81 years. If
the debt agreement is ratified by
France the president urged that the
agreement receive prompt ratifica-
ton by congress. IL the agreement
is not ratified the executive said the
money should be applied % retire
ment Of the war debt and not be
treated as current expenses.
The budget calls for an outlay for
the navy next year Of Sl3. sos. 9Sg less
than the cost Of its estimated oner-
alton this year. In asking for S5ig
125,4S2 for the department, the
president said that IL would have
available an additional $4,000. 900 from
the naval supply account. The ap-
preparation will provide for the con
tinuing Of the work on naval vessels
now under construction, for COM
mencing work on three remaining
fleet submarines, for continuing the
five year program for DEVELOPMENT Of
naval aeronautics and for completion
Of the dredging Of Pearl Harbor.
Hawaii.
Army Gets Increase
y The army is allotted S444.4s5, DID,.
an increase of S31. $685. 53. of the in
crease $50. 900 Is listed as a de-
ficiency for 1928. leaving an actual
increase for 1880 Of Sl2.0 0 90. This
is due. the executive said. 10 auto
matte advance Of officers 10 higher
nav. an increase in the officer |
strength of the army in order 70 pro-
vide air corps officers, an increase in |
the amount for the housing program,
an inchrease in the amount for the
air corps providing under the five
wear expansion program and an in
crease in the amounts required for
flood control work on the Mississippi
and Sacramento rivers.
The aviation activities OF the gov
eminent draw sl40,63l .s24 in the esti-
mates.
"The demands Of this service,
while large. have been adequately
met" the executive said. The five
ear program for the army and navy
;s approaching completion. Pro-
Arision il made in these estimates for
he third year increment of the army
IA the fourth year increment Of the
svv. and il is fair assumption that
, ne end OF 1881 the navy will have
we'll balanced fleet Of loco air
lanes. while at the end OF 1882 the
f.rmy will be in possession Of l,sOO
,i.reS IN proper proportion as to