Reagan says he opposes the budget compromise
President Reagan is unhappy with the compromise budget for 1984. He told Republican congressional leaders Tuesday he opposed the $859 billion budget agreed on by Senate-House negotiators. The President is not required to sign a budget resolution, but Mr. Reagan has threatened to veto if necessary later spending and tax bills based on it.Skip to next paragraph
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The compromise, reached Monday night after more than a week of trying, would raise taxes $73 billion; slow down President Reagan's military buildup plan; and produce an estimated $179 budget deficit. Congressional budget leaders say it has a "reasonably good chance" of approval in the House and Senate.