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Humphrey Sees 8 to 9 Billion Deficit Next Year
Secretary Humphrey told the Detroit Economic Club that the treasury expects a deficit of eight to nine billion dollars next year if spending continues, with possible tax increases or revenue from excise and sales taxes being raised. He called solving the deficit a top priority, noting budget estimates for 1955 must be completed within six weeks and hinting at spending cuts and tax reductions as potential remedies.
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Detroit
Treasury
Trumphrey
Andre Galil
Humphrey
Detroit Economic Club
Skesaphrey
Eisenhower
White House
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