Word: fiscales
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Dates: during 1930-1939
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Income. The Supreme Court, by invalidating AAA processing taxes, and Congress, by voting the Bonus, severely dented President Roosevelt's budget estimates of last January. Loss of processing taxes cost the Government $452,000,000 of anticipated revenue. Exclusive of that loss, receipts for fiscal 1936 were $157,000,000 more than the President estimated in January. Total receipts...
Receipts for fiscal 1937, the President reported last week, would be an estimated $5,665,839,000-$12,000,000 over his previous estimate-in spite of a $668,000,000 loss of AAA and Bituminous Coal Conservation Act taxes and a deferment of certain Social Security Act collections. These losses would be more than offset by $410,000,000 in additional funds from the Revenue Act of 1936; $33,000,000 in delayed collections on the Railroad Retirement Act; and a jump of $237,000,000 in general revenues because of better business...
...Outgo-In fiscal 1936 the Government spent $8,879,798,258. That was far over his January estimate, said the President, because Congress had tacked on $1,674,000,000 for the Bonus. If it had not been for that, he would have spent some $439,000,000 less than was planned...
Estimated expenditures for fiscal 1937 were set at $7,762,835, 300. Only$560,000,000 would be needed to finish off Bonus payments, and less would be spent on the Veterans' Administration, War Department, CCC, and recovery & relief. As for increases, $405,000,000 would be required for Social Security and expenses for AAA, debt retirement and interest on public debt would be up. In addition, the sum of all other expenditures would be $448,986,000 over 1936. chiefly because of public works and national defense. Finally, the President dangled a figure left out of his regular...
...figuring, the Government's deficit for 1937 would be $2,096,996,300, against $4,763,841,642 for 1936. And all this deficit, said he, would not be added to the public debt. Because of overborrowing for the Bonus and relief, the Treasury had started fiscal 1937 with an enormous working balance of $2,225,112,350. It was planned to spend enough of this during the year to bring the balance down to about $1,100,000,000. And the Treasury would borrow only $750,000,000 of new money. Therefore the public debt, which rose...