Word: budgeting
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Dates: during 1920-1929
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When asked about the significance of Prime Minister Baldwin's decision to face Parliament again in January, Mr. Davies replied. "I do not think that it has any particular significance at all. It merely postpones the outcome. We have got to have a budget in March, and the present Parliament will not pass one. There will have to be another election soon...
...Reduction?"It is possible . . . to make a large reduction in the taxes of the people. . . . This is treated at greater length in the budget message, and a proposed plan has been presented in detail in a statement by the Secretary of the Treasury, which has my unqualified approval. I specially commend a decrease on earned incomes and further abolition of admission, message and nuisance taxes. . . . Being opposed to war taxes in time of peace, I am not in favor of excess profits taxes. . . . For seven years the people have borne with uncomplaining courage the tremendous burden of national and local...
...BUDGET...
President Coolidge submitted to Congress the Budget Bureau's estimates of receipts and expenditures for the fiscal year of 1925. There are reductions in the expenditures for all parts of the Government except four: the War Department (an increase of only $6,000), the Department of Commerce (an increase of $2,018,000, although the total includes an extra $3,500,000 which will be needed for the decennial Census of Agriculture), Department of Justice (an increase of $2,129,760). The appropriation of this Department is extended to cover the entire year whereas budget estimates in previous years were...
...view of this increasing surplus, the President in a letter accompanying the budget urged reduction of taxes, and added: "I am not unmindful of the demand for adjusted compensation for soldiers of the World War, which would include among its beneficiaries the able-bodied of our veterans as well as the disabled. I question if there is any sound reason for such a measure. The country is prosperous and remunerative employment is available for the able-bodied veterans as well as for other citizens. . . . The Government has no money to distribute to any class of its citizens that it does...