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OCR Page 1 of 4THE WHITE HOUSE
WASHINGTON
JANUARY 13, 1970
MEMORANDUM FOR
THE PRESIDENT
SUBJECT:
Cabinet Meeting
January 13, 1970
3:00 p.m.
As you know, you have called this meeting for the single subject
of discussing a cut in the proposed budget.
I would suggest the following order of procedure:
1.
You introduce the subject of the meeting and call upon
Bob Mayo who will present the following figures:
Tentative budget expenditure total:
$ 203. 7 billion
Treasury revenue estimate
201. 5 billion
2. 2 billion
Proposed surplus
1.8 billion
Cut needed
4 billion
Old outlay total
203. 7 billion
Cut
4 billion
New outlay total
199. 7 billion
This 1.8 billion dollar surplus would be produced
without acceleration of any excise taxes and without
the extension of the telephone and hotel excise taxes
of $600 million.
NOTE:
When Bob Mayo has submitted these figures, he will
sit down. He will not get into a definition of "controllables"
and "uncontrollables" nor will he discuss the possibility
of cutting any specific Departments or programs.
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