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Show Dan Marriott How to cut taxes. By Rep. Dan Marriott This month Congress began debate on the federal budget for fiscal 1979, which begins October 1, 1978. This budget, as recommended by President Carter, will cost the American people over $500 billion.. .That's half a trillion dollars! It includes a $58 billion deficit and is the largest budget in the history of the United States. It constitutes an 11 percent increase in federal spending alone and means an increased burden of more than $600 for each American household plus the inflation costs cuased by such excessive government spending and deficit. Who can comprehend the meaning of $500 billion? Most of us could comprehend com-prehend $1,000 or perhaps a million dollars. But a billion dollars is a stack of $1,000 bills 250 feet high. The President's budget is a stack of $1,000 bills soaring 125,000 feet or 23.7 miles into the skv! legislators have for solving problems is add money and stir. Here's how the '79 budget breaks down: THE 79 BUDGET DOLLAR Where it comes from Indivdual income tax 41 cents Corporate income tax 13 cents Social Security tax 27 cents Other taxes 7 cents Borrowing (to cover deficit 12 cents. Totalling $1.00 Where it goes Direct benefit to individuals in-dividuals 37 cents. National Defense 23 cents Interest on nat'l debt 9 cents Grants to states and localities 17 cents Other federal operations 14 cents Totalling $1.00. SOLUTION: BALANCE THE BUDGET The solution to all of this is less government. That means less federal spending. which means less taxes, less inflation, leaving more of your hard-earned dollars for you and your family. I'm currently working on legislation to put a cap on government spending, to require a balanced budget by 1981, and to rid us of our national debt over a 20-year period. I believe in paying as we 'o for what we get. President Franklin D. Roosevelt sums up my position, and I'm sure yours, when he said: "If the nation is living within its income, its credit is good. If in some crisis it lives beyond its income for a year or two, it can usually borrow temporarily at reasonable rates. But if like a spendthrift it throws discretion to the winds and is willing to make no sacrifice at all in spending, if it extends ex-tends its taxing to the limit of the people's power to pay, and continues to pile up deficits, it is on the road to bankruptcy." If you were passing money out, it would amount to over $6,800 for every household in the U.S. If you started out at the birth of Christ spending $700,000 a day every day of the year, you would just now have succeeded in getting rid of $500 billion. We are now preparing to spend that much in one year. By present calculations we will double the outlay to $1 trillion or more by Fiscal 1986. To unload $500 billion in one year, the federal government will have to spend $953,000 a minute, $57 an hour, or $1.37 billion a day, including Sundays and holidays. WHERE WILL IT ALL END? The trend in the federal government is appalling. ap-palling. There has been a deficit in this country for 40 to 48 years since 1930 and 15 of the last 16 years. The national debt has swelled above the800 billion mark. It now takes over 9 percent of the budget, nearly $47 billion, just to pay the interest in-terest on the national debt. And this doesn't include the real debt, with Uncle Sam's liabilities topping $7 trillion. Thus the U.S. Government now has financial commitments com-mitments of $71,661 per taxpayer, compared with $13,920 in 1972. And this doesn't include the direct debt of the government and its agencies, now over $856 billion. It appears that the only solution some 1 i |