Evening star. [volume] (Washington, D.C.) 1854-1972, 1953-04-30

said the tentative cuts would in
clude a reduction of about SIS
billion in Mr.. Humans pro-
posals for military spending, the
Associated Press reported.
Reductions of $1.8 billion in
foreign aid, $1.2 billion in do
nestle spending and $3.50 mil
lion in atomic projects also were
discussed.
Gen. Eisenhower was said to
have emhasized that the approx
imately $8.5 billion reduction in
the Truman $786 billion spend
ing program for the year begin
ming July / were only prelimi-
nary and would be reviewed
later. Mr.. Truman figured de-
tense spending at $463 billion.
Mr.. Truman proposed spend
ing SGT billion for atomic energy
and $7,861 100000 on foreign as
Sistance.
Balanced "Cash" Budget Seen.
Lawmakers who attended the
conference said it was their i'm
preston that the proposed $85
billion cuts would make it pos
slble to balance the so-called
leash" budget in the next fiscal
year.
This budget is based on what
the Treasury actually pays out
and takes in, including Social
Security and similar receipts
which go into trust funds.
The proposed cut, however,
would leave the regular budget
out of balance more than SIS
billion, since tax revenues for
the fiscal year were estimated at
$68.665, 100000 by Mr.. Truman.
Without giving any figures on
cutbacks, Chairman Taber and
Chairman Bridges Of the House
and Senate Appropriations Com
mittees reported after tWo-hour
conference with the President
that the proposed cuts would
come very close" to balancing
the budget.
Taft Emissions Saving.
Senate Majority Leader Taft
told reporters that Budget Direc-
tor Dodge, Acting Defense Sec
rotary Roger Kyes and Mutual
Security Administrator Stassen
"envisioned substantial savings"
in national spending, but that
they were not yet ready to give
out any figures"
Presumably this precluded the
announcement of any exact
overall spending at President
Eisenhower 3 pm. news con-
ference.
Senator Taft said he did not
expect the President to disclose
any figures, but that Gen. Eisen-
hover might give out a minimum
of what he feels might be saved
in the defense and foreign aid
budgets.
The White House conference
was informed that revenues are
declining, with some indications
that they may not reach the
total predicted by Mr.. Truman.
Tax Cuts Face Delay.
The President was reported to
have said that action on proposed
tax reductions would have to
await more definite information
as to what the deficit may run.
Speaker Martin told reporters
at the Capitol that, from the
standpoint of the overall budget
picture, he is not yet certain that
taxes could be cut at this time.
IT have seen substantial cuts
in the Truman budget" he said,
"but not enough yet to justly
a tax cut. Then House already
has made substantial cuts in
several appropriation bills and
l am sure that further econo-
mics will be made"
One conferee said there was
heated discussion of the mill
tary budget, with Gen. Eisen-
hover acting more in the role
OF a referee than participant.
Security Put First.
Gen. Eisenhower was said to
have laid down the principle
that he intends to keep the Sc
curity of this country as the No.
consideration at all times.
These reports came from leg
(See DEFENSE, Page A-24)