Reagan budget outlines large deficits and tax shifts
The plan projects 1983 84 and beyond deficits with a 215.9 billion dollar next fiscal year outlays versus 183 billion this year, a real terms rise of 10.5 percent. It includes tax hikes user fee increases and sweeping cuts across energy education housing welfare and federal programs with a push toward New Federalism.
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Reagan
David Stockman
Stockman
CBS
U.S
Energy Department
Commerce Department
Congress
Departments of Energy and Education
Legal Services Corporation
Economic Development Administration
Clinch River
Tennessee
Departments of Commerce and Interior
Environmental Protection Agency
Navy
Treasury
Donald Regan
Regan
State of the Union
Washington
Reagan budget proposals spark mixed Congress reactions
Lawmakers react to President Reagan's budget package amid GOP support and Democratic criticism. Democrats label the plan unworkable and unfair while predicting deficits near 98.1 billion dollars this year and 72 billion in 1985. Some Republicans praise the no tax stance and caution peers against draconian cuts, with pressure to trim Pentagon spending and resist more tax increases.
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Congress
Reagan
Senate Democrats
Alan Cranston
California
Leon Panetta
D-Calif
Senate
House
Pentagon
Stevens
Jack Kemp
Rn.y
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