Monday, Feb. 05, 1940
Work Done
The Senate passed its first appropriation bill, the $251,822,588 National Defense Deficiency Bill, after trimming it $13,000,000. The House had already eliminated $7,000,000. Total saving over budget recommendation: 7%.
The House passed its third and fourth appropriation bills: one for Treasury-Post Office supply, after cutting it $11,491,900, 9% below Mr. Roosevelt's budget; another a $58,505,100 urgent deficiency bill (half for naval armaments, half for income-tax refunds), after lopping off 3%.
These piddling nicks out of the President's "bedrock" budget were unimportant in themselves--committees of both Houses were making bigger gashes in other bills--but they convinced Secretary of the Treasury Morgenthau* that Mr. Roosevelt's recommended $460,000,000 national defense tax bill was a gone goose in this election year.
>Voted, 345-to-21, to give the Dies Committee another year of life, and $75,000 to live on.
*House Appropriation Subcommittee hearings printed last week revealed that Mr. Morgenthau had recommended a $5,000,000,000 boost in the debt limit--to $50,000,000,000.
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