BIG U.S. SURPLUS.
£40,000,000 EXPECTED-. COOLIDGE ON ECONOMY. WASHINGTON, June 23. President Coolidge, addressing the Government’s busines s organisation, made the following striking statement : “We are seeking to let wage-earners keep more for themselves. Governmental extravagance violates the fundamental conceptions of every kind of American institution. “In four years the Budget system has reduced annual expenditure to t 2,081,G0G,000d0l (about £416,200,000), and has decreased the public debt by 3,426,000,000d0l (about £685,200,000). Economy in Government costs is inseparable from tax reduction, which, above all stimulates business.” Mr. Coolidge announced that there would lie a surplus of 200,000,000d0l (about £40,000.000) at the end of the fiscal vear. and predicted a surplus ot 290.000,000d0l (about £58,000,000) next vear. He intimated that be favours a' 4(K).000,OOOdol (about £80,000,000) in taxes.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19250711.2.15
Bibliographic details
Hawera Star, Volume XLV, 11 July 1925, Page 3
Word Count
126BIG U.S. SURPLUS. Hawera Star, Volume XLV, 11 July 1925, Page 3
Using This Item
Stuff Ltd is the copyright owner for the Hawera Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.