Hollings budget plan rejected by Senate

The Senate overwhelmingly rejected a proposal to freeze most federal spending at current levels for the next three years and to repeal the July 1 income tax cut and tax indexing.

The budget plan proposed by Sen. Ernest Hollings (D) of South Carolina would have held real growth in defense spending to only 3 percent a year instead of the 10 percent President Reagan wants or the 5 percent the budget committee recommended.

You've read  of  free articles. Subscribe to continue.
QR Code to Hollings budget plan rejected by Senate
Read this article in
https://www.csmonitor.com/1983/0505/050518.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe