The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1928-12-05
PROSPECTS OF
LOWERING TAX
SEEM REMOTE
President Declares Financial
Outlook for 1929 Is Not
Bright
DEFENSE OUTLAY LARGE
Care of War Veterans, Flood
Control Nearly Rank With
Defense
DEFENSE OUTLAY LARGE

Washington, Dec. 5.-(P-Voicing
again his plea for governmental
economy, President Coolidge sub
mitted to Congress today . budget
for the fiscal year 1880 calling for
expenditures Of $3,780,719,647, leav-
ing the treasury with an estimated
S6O,576,182 surplus which he de-
clared offered no immediate pros
pect of further tax reduction.
The estimated surplus, which
would be available June 80, 1880, is
based upon expected revenue total
ing $3,841 ,295,829. Describing the
surplus as small, the President said
it was nevertheless satisfactory, Is
it points to a balanced budget"
Mr.. Coolidge warned Congress that
1T is clear that we cannot assume
any great additional expenditure
without jeopardizing this favorable
outlook"
"We are committed irrevocably to
balanced budget" he said, land
that carries the assurance that the
only revision Of our tax laws which
will be considered is a revision down.
ward. We have no immediate PROS
pect OF any further reduction in tax
rates; but we have no thought Of
curtailing in any way the benefits
which have gone to the people by
the four reductions already made
in taxes"
Outlook Not Bright
Giving an account also of the
progress of fiscal affairs for the
current year, the President said the
outlook for 1929 "is not so bright =
Referring to budget estimates that
predicted q surplus Of $252 ST, ,262
at the close Of this fiscal year next
June 80, Mr.. Coolidge observed that
this forecast has been materially
changed" He recalled that the ''best
estimate" at the beginning Of the
year envisaged q $94, ,O00. 900 deficit
and now with the year nearing the
halfway mark he declared it "most
gratifying" that q surplus Of $780,
990,192 is in prospect. The President
did not detail the factors which had
revised the outlook.
The total appropriations recon.
mended by the President to nay for
government operation during the
year beginning next July l exceed
those in last years budget by $685..
762,616. The largest outlay is fol
national defense-$648,511, 800. Fol-
the army and navy, excluding non.
military items, the total is com.
pared with $645, 100000 carried in
this years budget and an estimated
expenditure for the current year Of
$672,844,288. The estimated ex.
penditures for national defense next
year, the President said. would tota]
$668,277,712 for 1880. The increase
is held chiefly due to the fact that
surplus supplies left over from thu
war have been used and it is neces.
sary to increase the cash provision
to replace the reserves.
The next largest item in thu
budget is for the care of war vet.
Grams, expenses under this subdi
vision being estimated to total $597,
$4,000 for next year, an increase o1
$26,S7l $50 over the estimated cost
lof this year.
Flood Control Expensive
Flood control cost is fixed at $31,
600, 900 for 1880 and the executive
said that if it should develop thai
more money was needed . further
estimate would be presented to Con
gress.
In his message President Coolidg,
called attention to the French debt
observing that on August 1, 1929
bonds of the French government
amounting to 10000, 900 will mature
These bonds were issued in paymen
for supplies this government had j,
France at the close Of the war
France also purchased supplies from
the Army amounting to 1884, LAS
which becomes due in 1880.
The budget calls for an outlay 70,
the Navy next year Of $13,9 ,9O6, ,93'
less than the cost Of its estimate,
operation this year. In asking To-
$349, 125, ,462 for the department, tn
President said that it would hav
available an additional $4,000, ,O0|
from the naval supply account.
The Army is allotted $444.406, ,221
an increase Of $31, 1856, ,05S. OF tn
increase 1000, 900 is listed o.
deficiency for 1928, leaving IN actua
increase for 1880 Of 81, ,00O, 900. Thi
is due, the executive said, to automat
ic advance Of officers to higher pay
an increase in the officer strength q
the army in order to provide All
Corps officers, m increase In th
amount for the housing program, u
increase in the amount for the All
Corps provided under the five yea
expansion program and IN incress
in the amounts required for floo
control work on the Mississippi IN
Sacramento rivers.
The aviation activities Of the gov
ernment draw $140.s31,s24 in th
For the second time since nation.
prohibition became . law = reductio
in the amount Of the appropriatio
Tor its enforcement i estimated. Th
amount asked for the bureau for nez
year was reduced BY @o6,80l, dul
the report said, to the reduction
financing the prohibition field unit
The estimated cost Of the bureau "a
1920 was $l3. .O0l, ,1lQ.