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7337891
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President's Message to Congress on Rescissions and Deferrals [Ford Speech or Statement]
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doc
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document
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1
Source metadata
id
7337891
sourceUrl
contentType
document
title
President's Message to Congress on Rescissions and Deferrals [Ford Speech or Statement]
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collections
White House Press Releases (Ford Administration)
Press Releases
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7337891
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30
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1975-01-30
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1
year
1975
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nara-archive
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1
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document
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7e7fbd15b9e55c41
ocrText
FOR IMMEDIATE RELEASE
JANUARY 30, 1975
Office of the White House Press Secretary
THE WHITE HOUSE
TO THE CONGRESS OF THE UNITED STATES:
I herewith report on additional rescissions and
deferrals for fiscal year 1975, as required by the
Congressional Budget and Impoundment Control Act of 1974.
Thirty-five new rescissions and 14 new deferrals are
proposed in the amounts of $1, 097 million and $769 million,
respectively. In addition, five revised rescission reports
reduce by $178 million the amounts proposed for rescission
in earlier reports, and 12 revised deferral reports increase
the amounts reported as deferred in earlier reports by
$111 million.
In the main, the rescissions and deferrals transmitted
herein seek to reduce the increased Federal spending that
would otherwise result from four recently-enacted 1975
appropriation bills Labor-Health, Education, and Welfare,
Agriculture-Environmental and Consumer Protection; the First
Supplemental; and the Urgent Supplemental. The 93rd Congress,
in the conference report on the Labor-HEW bill, indicated its
willingness to give full consideration to such rescissions
and deferrals as might be required to keep 1975 spending
within the total estimate for the bill.
If the Congress does not agree to the rescissions and
deferrals accompanying this message, the 1975 deficit will
grow by $357 million and the 1976 deficit by $675 million.
I ask the 94th Congress to give full consideration to the
question of whether increased Federal spending -- with its
associated inflationary effects and implied longer-term
commitments -- is warranted for these programs at this time.
GERALD R. FORD
THE WHITE HOUSE,
January 30, 1975
####
Digitized from Box 7 of the White House Press Releases at the Gerald R. Ford Presidential Library