Reagan to Propose Pared-Down Budget on Two-Year Cycle
President Reagan’s final budget will propose ending some government programs and switching to a two-year budget cycle, the White House said today.
Spokesman Marlin Fitzwater declined to say what “low-priority programs” are under consideration to be eliminated.
He said the budget will call for no new taxes, will not “tamper with Social Security” and will include a defense spending buildup that does more than just keep up with inflation.
He said the proposal will meet the deficit reduction of the Gramm-Rudman deficit-reduction act, which will mean reductions of at least $32 billion to reduce the fiscal 1989 budget to $100 billion.
Fitzwater said the budget is aimed at achieving a balanced budget by fiscal 1993.
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