Independent in Long Beach, California

Record Budget Proposal Signals Deep Shifts in 1964 Policy

President Kennedy sent a sprawling budget plan to Congress detailing a peacetime record of 55.4 billion dollars for defense and 342 billion for space. The proposal emphasizes a 13.5 billion tax cut and up to 10 billion net reduction, while forecasting a 315.6 billion debt peak. The message sketches a three year tax cut and modest domestic programs, with emphasis on education, urban affairs, and Civilian Conservation Corps rebranded as National Service. The plan, described as austere by administration, outlines deficits and revenues under a broader strategy to spur growth and employment.