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LBJ Budget Faces Early Criticism From Mills Critics
Washington AP Johnson budget though not formally presented yet draws sharp remarks from House Ways and Means Committee head Wilbur Mills. Mills urged deeper spending cuts and warned the approach to a 10 percent income tax surcharge may falter without more fiscal restraint. Budget expected around 106 billion dollars with an eight billion dollar deficit, two billion without the tax rise. Hearings set for February 5 to address balance of payments and further cuts debated by budget chief Schultsze who declined to preview additional reductions.
MENTIONED IN THIS ARTICLE
Washington
Johnson
Congress
Wilbur D. Mills
House
Ways and Means
Arkansas Democrat
Secretary of the Treasury
Henry H. Fowler
Mills
Charles L. Schultze
Dillion