Coolidge to NK for further cut taxes
President Coolidge urged Congress to pursue deeper tax reductions and restraint in federal outlays at a budget meeting. He forecast a 2900000 surplus by June, argued for reduced public debt service, and warned that excessive federal expenditures threaten the constitutional balance between state and federal powers. He cited rapid civil service growth and urged economy while preserving essential services. He noted economic recovery needs prudent spending and urged taxpayers to bear war-era taxes while government trims nonessential programs.
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