AMERICA'S BUDGET

Evening Post, Volume CXIII, Issue 136, 13 June 1927, Page 9

AMERICA'S BUDGET

COOLIDGE CAUTIOUS

FINANCIAL POLICY '

EXAMPLE TO OTHERS

(United ■ Press- Association.—Copyright.) "WASHINGTON 11th June:

President Coplidge, in his Budget address to Congress, emphasised the necessity, of holding down expenses if a material tax cut was to be realised. "While Republican senators had urged previously a' cut amounting to 300,000,000 dollars, President Coolidge estimated that.the figure -would be nearer 200,----000,000, owing to the demands on theTreasury for flood and farm relief. The President- declared ■ that the figures, which, superficially were encouraging, would be affected by collection failures and 'incidental items. "Unquestionably,'" he said, "the nation i 3 enjoying a period of the greatest, prosperity. "We must, nevertheless, remember that the present affluence i 3 due. to a sound financial policy, which should serve as an example to other nations." The President stressed the fact that the failure to ratify the Mellon-Berenger agreement had'necessitated a.revision of the Budget under the heading "debt retirement."