Defense Outlay To Be Revealed For 1954 Budget
Senate leader Knowland says budget balancing and possible tax cuts hinge on Eisenhower’s defense request. Officials expect figures Thursday as White House talks begin. Defense Secretary Wilson notes revised plans for a continued Air Force buildup aiming at 137 wings by mid-1956. The 1954 military budget may dip about 2 billion below the current year’s level.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Knowland
R-Calif
Eisenhower
Congress
Senate
White House
Defense
Wilson
North Atlantic ‘Treaty Organization
Joint Chiefs
Army Navy Battle Budget Cuts Spotted In 1950s Aviation Week
Aviation Week reports a bigger Army cut of about 10 percent in personnel while Navy plans about 40 percent. A controversial fourth Forrestal class carrier may be built, with the Joint Chiefs to decide. Navy procurement funding has dropped more than the Air Force, and the decision on the carrier rests with the Chiefs.
MENTIONED IN THIS ARTICLE
Army
Navy
New York
Air Force
Congressional
Sayl Aviation Week
McGraw-Hill
Defense
Charles Wilson
Joint Chiefs of Staff
Joint Chiefs
Changes in Social Security and Taxes Announced
Commissioner announces changes effective January 1, 1964 to federal withholding and employer and employee tax rates under the Federal Insurance Contributions Act. Income tax withholding drops from 20 to 18 percent while each employer and employee tax rises from 1.5 to 2 percent. A revised Circular E will detail the new withholding tables and be mailed to employers with Form 941 guidance.
MENTIONED IN THIS ARTICLE
Hue
Golemn Andrews
Washington
R. S. Krafe
Oping
Internal Revenue
Krath
Eraft
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