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Cloakroom Senate budget message and tax decisions
U S Senater J Glenn Beall notes President Eisenhower's budget message showing a conservative path to a balanced budget. Tax cuts totaled 74 billion last year, but no tax reductions this year to avoid inadequate spending or inflationary borrowing. Defense remains about 40.5 billion of 62.4 billion total, with services and other activities totaling 21.9 billion.
MENTIONED IN THIS ARTICLE
J. Glenn Beall
U.S. Senater
Maryland
Washington, D. C
Eisenhower
Congress
Republican Party
United States
Washington