Ford administration outlines 1975 economic forecast
Budget Director Roy L. Ash presented a forecast showing 1975 unemployment at 8.1 percent with inflation around 11.3 percent and a 3.3 percent drop in GNP. The report predicts a bottoming mid year and a slow 1976 recovery, with unemployment easing to 7.9 percent in 1976 and 6.5 percent by 1977.
MENTIONED IN THIS ARTICLE
Congress
Newsmen
Roy L. Ash
Ash
White House
Dale McComber
Ford
Roy Ash
Office of Management and Budget
State Department
Washington
Ford budget highlights seek tax rebates and energy taxes
President Ford’s FY starting July 1 budget projects a 51.9 billion deficit atop 349.4 billion in spending with 297.5 billion in revenues. It calls for tax rebates of 16 billion, energy taxes offset by tax cuts, social security raises capped, and a major defense and foreign aid plan including more missiles, submarines, and aid programs.
MENTIONED IN THIS ARTICLE
Washington
Ford
Federal budget shows 1975 to 1976 spending shifts by sector
A Washington AP summary lists 1975 and 1976 budget figures across major areas. National defense rises from 85.2 to 94.0 billion, with health and education also moving up, while education declines slightly. totals rise from 313.4 to 349.3 billion, a 11.45 percent increase.
MENTIONED IN THIS ARTICLE
Washington
Administration
Ford Budget Tightens Food Stamp Program
The Ford administration proposes a 30 percent flat payment from net income for food stamp recipients as part of a broader budget plan. If Congress blocks changes costs could rise to about $41.5 billion in 1975–76, with total food program spending potentially exceeding $7 billion next year if all measures fail.
MENTIONED IN THIS ARTICLE
Washington
Ford Administration
Agriculture Department
Congress
Jerome A. Miles
Department
USDA
Appropriation Sought To Cover Welfare Costs Increases
The Ford administration asks Congress for 1.7 billion dollars to cover the federal share of rising welfare costs for the rest of the fiscal year. The 1976 budget proposal shifts more burden to states and beneficiaries, with social security benefits rising and unemployment pressures expected to sap trust funds. The plan includes reducing the AFDC federal matching share from 70 to 65 percent and tightening eligibility to save funds.
MENTIONED IN THIS ARTICLE
Ash
Washington
Ford Administration
Congress
Social Security Trust
AFDC
Ford Administration Seeks $763.8 Million for Law Enforcement Help
President Ford proposes a 100 million reduction in anticrime funds while reviewing why large spending has not curbed rising crime. The 1976 budget calls for 763.8 million for the Law Enforcement Assistance Administration to distribute to state and local agencies for crime-fighting programs.
MENTIONED IN THIS ARTICLE
Washington
Ford Administration
Ford
Congress
Law Enforcement Assistance Administration
Justice Department
Chart shows budget split between defense and human resources
The chart tracks the share of the national budget allocated to defense versus human resources since 1966. It highlights how military spending and social programs have shifted over time, reflecting policy priorities and economic constraints.
Ford budget signals year long clash with Congress
President Ford proposes a defense spending rise near 9 billion dollars and new limits on food stamps and Social Security, counting on facing Democratic opposition in the 44th Congress. He warns deficits could jump by 17 billion if cuts falter, highlighting a broad political gamble of defense versus domestic aid.
MENTIONED IN THIS ARTICLE
Washington
Ford
Pentagon
Congress
44Th
South Vietnam
Saigon
Ford Budget Aims Limited Help for Low Income Housing
The Ford administration seeks to revive low income housing support only modestly while offering no extra funds for boosting homebuilding for middle and upper income citizens. It plans subsidies for renters and 200 000 households this year with up to 50 billion in rent subsidies over 18 months, and notes likely slower 1976 outlays.
MENTIONED IN THIS ARTICLE
Ashington
Ford Administration
Richard Nixon
Ford
Also Mentioned on This Page
Robert A. Dobkin
Middle East
Miles
Semana Resources
Heath
Lecome Security
Carl P. Leabsdorf
Derway
House
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