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4 Tax Foundation's Washington News 1 (1952)

handle is hein.tera/wingnews0006 and id is 1 raw text is: NET RECEIPTS .48. EXPENDITURES .A2*W.. January 11, 1952 Val. No.2 BALANCE - 7..3 920 Washington Building Washington 5, D. C. , No one in Viashington appeared surprised at anything in the President's State of the Union Message, which he delivered to Congress on January 9. Reaction to the Kessage was varied--pretty much along political lines. As expected, the Chief Executive again set forth, with some attempt to tie it in with the defense effort, the whole Fair Deal program. Hie also hinted that his Economic Report and Dudget Message (these have since been set for January 16 and 21 respectively) will contain some sort of tax recom- mendations. Presidential recommendations notwithstanding, practically every- one here agrees that Congress will do little or nothing toward passage of tax or Fair Deal legislation. Perhaps the best way to demonstrate this sentiment is to include the following quotation from a January 10 editorial in the Washington Post--a newspaper generally considered to be sympathetic to the Fair Deal: At the outset the President spoke of'putting first things first' and then declared: 'Every action you take here in Congress, and every action I take as President, must be measured against the test of whether it helps to meet that danger'--the danger facing the free world. But this test seemed to fly out of the window when he got around to advoca- ting bigger and better farm subsidies, Federal aid to education, rural electrification, improved social security and so forth. With many of the proposals outlined by the President this news- paper is in sympathy. But we think it is foolish to talk about expen- sive new social service projects at a time when the Nation is having to tighten its belt to support a greatly expanded defense program. How can the President talk seriously about curbing inflation when he out4 lines a program that, if enacted, might push Federal spending up to the hundred billion level? To be sure, he argued for higher taxes, but there is not the slightest possibility of securing new tax legislation that would even cover the present deficit, to say nothing about financ- ing new 'pie-in-the-sky promises.11n The latest Budget scuttlebutt', indicates that the White House has agreed to a $52 billion defense budget, substantially above the over-all figure which the Budget Bureau first established, but also substantially below the total request by the Defense Department. If that report is valid, the $7 billion or $8 billion for foreign aid and the additional billions for the domestic programs indicate a minimum Budget total of $80 billion, and perhaps as much as $85 billion. If this is true, the Appropriations Committees, whose leaders have ex- pressed their determination to reduce expenditures to the point where no new tax increases would be necessary, have a real job ahead.

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