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These include a one-cent -in crease in the'postage rates for first class mail, and for air mail. They include a one-half cent increase in the federal gasoline tax, coming on the heels of the half-cent boost voted by Congress last year. The Eisenhower tax proposals also would prbvide higher levies on avi- •’ ation fuels;'continuation for another "year beyond their scheduled expiration date of June 30, 1960, pf present corporation and special excise taxes, postponement of the reduction voted by Congress in the excise tax on thi* transportation of persons and posponement of thb. repeal of the tax on local telephone
service, also voted by Congress last year.
The picture poesented by the budget also depends on the Treasury’s taking in_through a combination of tax increases and hopes of great business prosperity..$5.4 billion more in die next .fiscal year than it expected to cotttet in this# fiscal year. ^ There are also some bookkeeping transactions which would have no effect on the revenue <»llected, but tend to makecthe budgr look better. For instance, the President wants to shift the $39 million item for forest and other public land roads from the general fund to the high" way trust fund. This would take that amount out of the budget, as the highway trust fund is not included in die budget figures. On the other hand, he proposes to transfer the money collected in aviation fuel taxes form the highway trust fund, where they go now, to the general fund. That would more into the fund available for regular budget spending, but would reduce the highway trust fund'income by that amount, because it would be the same money.
Another fact, which deserves wider consideration than it has received, is that the increasing budgets are not due to increase in over all spending on national defense, even though the cost of training, maintaining and equipping a member of the armed forces has increased tremendously through a combination of the effects of continuing inflation and the increasing complexity of weaponry.
The President’s budget proposes
63.6%