Evening star., 1938-01-05
Fiscal Program
for 1899.

Fiscal Program
for 1899.
Receipts-The estimates Of reve-
nues for the fiscal year 1889, which
are necessarily based on existing tax
laws, amount to $5,0l9,437, 900. This
Is $40l ,076,000 less than the antici-
pated receipts for 1898. With the ex-
ception OF social-security taxes and
realization upon assets, each major
class OF revenue shows 4 decline be-
low the 1888 level. Income taxes are
estimated at $2.4l4,2Oo 900, or $27s,-
100000 less than for 1898. Total mis-
cellaneous internal revenue will be
$2,l90.072. 900. which is $50 .439, 900
less than 1888. The taxes upon car
riers and their employees are expected
to total sl16,900, 900. q decline Of
$33 100000 from 1898. which Is due
largely to the fact that the 1898 COL
lections included 1897 accruab de-
ferred by litigation. Social-security
taxes will be $5ss. 1855. 900, an increase
Of $27 1858 900 over 1898. The tax on
unjust enrichment will produce 3l0,-
5000. as compared with IS 5,00O, 900
for 1898. Miscellaneous revenues show
total Of $14s 1892 800, or less than the
current year by S16,526,763. Realisa- =
ton upon assets Is estimated at $50
117,680, an increase Of $9,026, 1853 over
1898.
Expenditures. Tho expenditures
contemplated for the fiscal year 1899
Exclusive Of those from postal reve-
nues) total $7,070 0,55s, 900. This IN
cludes $201,515.000 for statutory debt
retirement, leaving 1885, ,o43, 900 for
other purposes, which i $685., SOC, 900
less than the amount estimated for
1888. There are net increases Of $52,-
$4,000 in the regular activities Of the
civil departments and agencies which
are more than accounted for by in
creases Of $62, ,000. 900 under the Rural
Electriflcation Administration and the
United States Maritime Commission.
The general public works program will
require $404 .026, 500 or SIS. .957, 600 less
than for 1898. Expenditures for ma
tional defense are expected to be $54,-
$4,000 greater than for 1898, reach
ing . total Of $9ss, ,e23 400 In the fiscal
year 1899. On the other hand, the
expenditures for veterans pensions
and benefits will decline from $573,-
682. 800 for 1888 to $538. $40, 900 for
1899, because Of the completion Of
payments Of insurance claims on &C.
count Of deaths occurring during the
World War. Expenditures under the
agricultural adjustment program will
increase $143,573,000 in 1885, due
principally to the legislation enacted
during the last regular session Of Con-
gress providing for subsidy payments
to cotton producers.
Reduction in G. C. C. Camps
To Cut Expenditures.
The Civilian Conservation Corps,
because Of . contemplated reduction
in the number Of camps and re-
duced expenditures for cooperating
agencies, will require $3.50, 900 900. or
100000 900 less than for 1888. TX
penditures for administration and
grants to States under the Social
Security Act will reach . total Of
$685., ,230, 900, which represents an in
crease of sec, 6,525. 900 in grants to
States and q decrease Of $l,99l, 900
in administrative expenses. The in
terest payments ON the public debt
will amount to 1916 100000, or $49,-
100000 more than for 1898.
Expenditures for recovery and
relief are estimated at 3l,13S, ,304. 900,
or $841 1856, 900 less than for 1888.
The operations Of the Social Security
Act and the ACKNOWLEDGEMENTS
sation laws Of the States have the
effect Of materially reducing our pro-
gram for work relief. Moreover. oper-
ations under the new Housing Act
will greatly assist in providing en-,
ployment. We can also look to the
regular public works program to pro-
vide q certain amount Of employment.
With these aids and the assistance
confidently expected from private In
dustry, I hope that the foregoing
amount for expenditure will be sum-
cient to meet the needs for 1889.
An estimate of appropriation Of $1,-
000, ,000, 900 for this purpose Il con-
tained in the 1899 budget.
Expenditures from revolving funds
ars expected 70 Gnount 10 3l4l,sel,.
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