HOUSE BUDGET COMMITTEE (JONES) VS. REAGAN BIPARTISAN BUDGET (GRAMM-LATTA)

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP84B00049R001700010020-6
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 20, 2016
• Document Release Date: June 27, 2007
• Sequence Number: 20
• Content Type: MISC

Approved For Release 2007/06/27: CIA-RDP84B00049R001700010020-6
HOUSE BUDGET COMMITTEE (JONES) VS. REAGAN BIPARTISAN BUDGET
(GRAMM-LATTA )
Jones Bill spends.more -- $25.4 billion more than the
Reagan Bipartisan in fiscal year 1982; $47.2. billion
more in fiscal year 1983; and $68.6 billion more in
fiscal year 1984. This totals $141.2 billion more in
three years.
Jones bill cuts $6.7 billion.from defense budget
authority for FY 82.-- while spending $21.9 billion
more for social programs (compared with Reagan
Bipartisan).
Jones bill provides less.-tax relief -- $20 billion less
for FY 82. (And it doesn't provide relief for
individuals until 1982, whereas Reagan Bipartisan
commences July 1981.) By..198.4, the Jones cuts for
individuals would be only one-third the Reagan
Bipartisan's.
Jones bill resorts? to double-counting and illusory
administrative savings. Over $1.8 billion is double
counted. And, for example, "savings" of $1.5 billion
from unresolved audits are claimed, but highly unlikely
to be achieved.
The Jones,bill is business-as-usual in disguise: more
taxing, more spending, continued "stagflation."
Approved For Release 2007/06/27: CIA-RDP84B00049R001700010020-6