Eisenhower presses cost sharing in civilian budget plan
President Eisenhower urged cost sharing across civilian programs in his budget including roads aviation shipbuilding and natural resources He announced a special commission to study veterans benefits costs and floated a controversial foreign aid package totaling about 1 000 million for the coming year with heavy funding for military assistance to allied nations and indirect support to Indochina Formosa and Korea amid forecasts of 1955 personal income growth.
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Eisenhower Proposes 1956 Budget With Deficit and Tax Plans
President Eisenhower submitted a 62.4 billion dollar budget for fiscal 1956 proposing a small deficit of about 2.4 billion. He aims to keep current tax rates, extend relief measures, and boost atomic energy and defense outlays while predicting higher receipts to support growth and a balanced longer term budget outlook.
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Eisenhower
Eisenhower outlines 1956 defense and domestic budgets
President Eisenhower presented a 1956 budget plan totaling about 34.1 billion dollars for military functions, with defense spending slightly below 1955 and 6% less than fiscal 1954. Navy, Army, and Air Force allocations were noted, while calls for stronger continental defense, expanded nuclear military research, and increased foreign aid accompanied a push for civilian partnership across federal and state programs. A commission on veterans pensions was proposed with a 300 thousand dollar budget.
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