Salt Lake Telegram | 1929-09-29 | Page 1 | President Has Little Hope of Tax Reduction

PRESIDENT HAS HAS' LITTLE HOPE pr OF f flAX TAX lAX REDUcTION Prospects of Hol Holding l ng Down 1931 Budget Are re Slight INCREASE EASE FORESEEN Esti Estimates t s Not Made for Many any Departments ts By LAWRENCE SULLIVAN United Press Staff Stiff Correspondent WASHINGTON Sept 28 A 28 A. A months month's intensive int naive study of ef prospective pros pros- p government expenditures for forthe r rUi Ui the next fi fiscal al year has hu given President dent Hoover little h hope pe that thai the 1931 budget can be held down to the j i estimates for fer the current current current cur cur- rent ye year r. r Thus far the president pr has found In his bu budget get o pro promise for I. I tax reductions in the near near- future Preliminary estimate te for two independent establishments of ot the government total foi tOl 1931 of or In the Ithe current fiscal year ending June 30 1330 1930 Th The Increase 1 I is In the veterans bureau which will n need ed next ext year ear against in 1930 These two thirty establishments require 01 a average ver ge approximately approximate approximate- ly I ly h. fifth ruth of budget but the pr president h has R no figures as LS yet et which enable him t to estimate lle the thet t total tal of or the 1931 budget t for the V various lous executive d departments the legislative t and the tho postoffice d S INCREASE ANTICIPATED A S J. J i ode I tm ri d lJ ver I 1 r S t i cli a t flow How v gr great at these increases will be I will In a ri large largo rrie measure sure upon th the out outcome of bf the tue naval ha reduction negotiations progress hs made In tf feI lIon don of ot rates to eliminate the postoffice deficit deficit- and the alacrity with which the army general stuff steff can reduce reduce- expenses through gh th the re reorganization re or organization a stu study y rec st- st S But ul even cven even should the t e regular r ex- ex executive e departments keep down th lr estimates tes teto to to the 1930 figures s the Iho governmental government l' l organization tion will wiil still sUI require vastly mo more e money next year nr The farm h has has' this I year ear yet t submitted ll a a preliminary pre pre- estimate of 1931 needs Whatever the farm arm board demands Co Continued o on page e 9 PRESIDENT HAS HAS V LITTLE HOPE OF TAX R REDUCTION Continued from page pae 1 above abon next year will represent represent rep rep- resent In increased outlay for tor the gov gov- eminent an flu a whole In addition the tho president has hag ap pJ proved a building program nn and additional tL for rot public buildings l In rl The The- fifteen cruiser r naval building program even e If Ie trimmed In tho the naval conferences would require upward up ward ardi fc of or for tor tho the 1931 WHITE HOUSE EXP EXPENSES EXPENSE SES White House expenses are arc estl mated at t for for 1931 against ln appropriations of In La the current year The IThe shipping board wili get along with against appropriated this y yeah The al' al The Int interstate commerce o com corn commission mission wilt will haye have Q morel and the tho Porto hurricane co corn com less Ictus The federal trade commission wili UI more and the nati national nal l advisory committee com corn for aeronautics less Jeu T