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Show Utah's Share of Budget Placed At $277 Million by President Utahns would contribute approximately ap-proximately $277 million toward the proposed $77 billion federal budget for 1960 fiscal year, just submitted to Congress by President Presi-dent Eisenhower. This is the amount calculated by Utah Foundation, the private tax research organization as representing rep-resenting Utah's share of the proposed federal budget. It is based on a formula developed by Tax Foundation, a nationwide nation-wide research agency, which indicates that Utahns pay approximately ap-proximately 0.36 per cent of the total federal tax burden. Utah's share of operating the federal government during the forthcoming fiscal year is equal to $313 for every man, woman, and child in the state. Thus, the proximately $23 less per capita ($92 for a family of four) than it is under 1959 budget. Although the per capita cost of the 1960 budget is below that of 1959, the Foundation points out that there would be no tax reduction under the proposed budget. In fact the 1960 budget recommendations include a proposed pro-posed lc increase in the gasoline gaso-line tax. This is explained by the fact that expenditures will exceed receipts by $12.9 billion under the 1959 budget. The President's proposed 1960 budget, bud-get, however, contemplates a balance between receipts and expenditures. ex-penditures. The biggest item in the 1960 budget is national security which accounts of 59c of the budget i average family of four persons ( in Utah would pay $1,252 in direct di-rect and hidden federal taxes in the proposed budget. Actually Utah's share and the per capita cost of the President's budget for 1960 is somewhat less than under the 1959 budget. Utah's calculated share of the estimated federal spending for fiscal 1959 is $291 million, which is equivalent to $336 for every man, woman and child in the state. Thus, the burden under the proposed 1960 budget is ap- dollar. Utah's share of proposed national security expenditures of $45.8 billion is $165 million, or $186 per capita. Other major federal budget items with Utah's share shown in parenthesis are as follows: interest in-terest on the national debt $8.1 (29 million); veterans' benefits $5.1 billion ($18 million); mil-lion); farm aid $6 billion ($22 million); foreign aid (part of which is also included in national na-tional security expenditure) $3.5 billion $12.6 million). |
