Solons Hear Plea on Budget Plan
Solons consider a budget proposal to balance the fiscal year by terminating increases over three years. The plan seeks about 390 million dollars for the current year while avoiding net borrowing, with taxes tied to revenue measures already tested in prior similar legislation. The speaker argues the public can bear new taxes if timed to stabilize debt retirement and fiscal balance.
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Budget proposal outlines tax shifts and defense asks
President proposes sweeping tax changes under the 1024 framework, including lower personal exemptions and new rates for net income, with higher rates for corporate and estate taxes. He calls for defense spending cuts and a substantial public works push to reduce unemployment, while urging Congress to balance the 1934 budget and curb federal deficits.
Washington Dty Leaders in Council Debates Referendum Declarations
Prohibition leaders met in Washington D C behind closed doors to draft a new referendum declaration and weigh general legislative prospects. The gathering aimed to unite strategy and outline steps for upcoming political battles in the capital.
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Congress Activity Sketches Through Midweek Session
Senate recessed to review the president's hawk response and continue work on organizing measures. House heard the president's legislative proposals as a filing of messages and votes occurred. Members like Hattie Caraway and Warren Barbour noted. subcommittees studied federal reserve action and judiciary referrals.
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