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5 Tax Foundation's Washington News 1 (1953)

handle is hein.tera/wingnews0007 and id is 1 raw text is: memo: Federal Balance Fiscal 19 3 to2/30/52 (IN BILLIONS) NET RECEIPTS ..9.. EXPENDITURES .3. BALANCE 6. Tomorrow -- January 3, 1953 -- the new Republican-controlled 83d Congress convenes, and a glance at the schedule just ahead seems in order. The first job, of course, is to organize the two Houses -- to get ready to do busLness. This procedure is more or less automatic, wjith party caucuses today deciding upon leadership posts, There is some threat of delay in the Senate over a proposed anti-filibuster rules change, though this probably can be averted. The leadership lineups appear to be set, with Representative Martin of Massachusetts becoming Speaker of the House and £epresentatives Halleck ,)f Indiana and Arends of Illinois slated to become majority leader and majority- whip respectively. In the other body Ohio's Sen. Taft is to be the new majority leader, with Sen. Bridges of New Hampshire taking the post of Senate President Pro Tempore. Sen. Knowland of California appears likely to head the Majority Policy Committee, and Sen. Millikin of Colorado will be chairman of the Miajority Conference (or caucus). Former Speaker Rayburn of Texas will be the House minority leader, with Sen. Lyndon Johnson of the same state scheduled to be minority leader in the Senate, Under the present schedule outgoing President Truman will send his final state-of-the-union message to the new Cengress early in the week of January 19. The fiscal 1954 budget will be submitted January 9 and the President's Economic Report the following week. The new Congress will be confronted with some serious problems, wlich may require rather promptaction0 However, all action will certainly await the recommendations of the new President -- to be inaugurated January 20 -- and his Administrations The incoming Administration and Congress must reach decisions rather quickly, for example, on the economic controls problem. Some of these controls expire April 30, others on June 30. The reciprocal trade agreements legislation expires in June, too. Early decisions undoubtedly will be required cn defense and foreign aid questions. Congress also may consider proposals dealing with government reorganization, labor legisla- tion, social security, and a number of other areas. Ivost members of the new Congress are eager to make tax reductions as soon as possible -- and there undoubtedly will be some needling from the Democratic minority on this pointo There is strong sentiment, however, in both Houses for balancing the budget before voting tax cuts, and the big question, therefore, is what steps the new Congress will take to bring this about. Vol. __L_ No. 920 Washington Building Washington 5, D. C.

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