Show PI I 1 4 bic highlights it I 1 is an unfortunate thing that president Roosevel ts budget raen mei i rape aire to the seventy third Cong congress reps like all such documents receive enly the bost cursory reading few bugel b have berm been as un nn al il or Ps s important ifie f iv have r 11 1 n 01 1 11 cs TO so well illustrated d an all alms and purposes the budac t situation has three dic distinct phases first tile the government Is to borrow letwen now and the end of 0 the fisi fis I cal year a rate exceeding monthly moni lily I 1 01 oro ro xing made when we acre in tha thick of the war second at end of the fiscal year we will have the largest peace time deficit in our history third bt be with the next fiscal year in ii july the financial policy will ba boy u oy le versed no special sp cial eapen I 1 e a moin moment eia and treas ir liry ne lats alcove VIND I 1 for routine operations of the government will be used to reduce th tha deficit mr ir roosevelt thus believes that y the middle of this year extraordinary measures will no longer bo be t inquired i on aired to speed rc recovery coverY he la Is as awake awaits as anyone to their terrific cost and he has implicit faith that time will prove them to be worth a I 1 great deal more than the people I 1 av had to pay tor for them part of abir co cot cost t has ben been alleviated byi by 1 it mcaree on drastic economy ordinary federal expends a aai concerned the president nas advised mem tiers ot of the where all appropriations must be be inaugurated that further eapen I 1 irr be extremely i the treasury Is looking forward i 91 9 1 alth hapes for or cd d revenues estimates forecast recast to a risa in income tax returns turna re which ill bring them to is as compared with this year the processing pr tax on farm products iro ro ducts Is expected to jump 30 per f t cn tims receipts 17 per cent kernal revenue taxes because of 0 liquor should swell substantially the president has said that he contemplates no new taxes and that ome ot of the less important ones q lay axy be reduced or eliminated industrial news review |