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OCR Page 1 of 3Aug 11, 1970
The President's Reading Copy
Veto Educ Bill
I am today vetoing two bills the Congress has passed
that would exceed expand my budget recommendation by nearly $1 billion.
In both cases, my original budget proposals were generous;
in both cases, the level proposed by Congress is a threat to every
American's pocketbook.
First, we have the "Independent Offices Appropriations'
bill, which includes funds for the Department of Housing and Urban
Development. My original request for urban renewal and related
expenditures was double the outlays in the last fiscal year of the
previous Administration. This bill exceeds my budget request by
$541 million.
I am vetoing this bill because it would help drive up the
prices that everyone pays for what they buy -- and it would help
drive up interest rates and taxes -- harming the people it is most
designed to help.
The other measure I am vetoing is the appropriation bill
for the Office of Education. It is $453 million over my budget request
and vot my budget request that would have produced 28% more in
a
outlays than in the last fiscal year of the previous Administration.
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