Mr. Humphrey Faces '56

Hanson, Haldore
December 1955
New Republic;12/12/55, Vol. 133 Issue 24, p14
The article reports that George Magoffin Humphrey, the Cleveland banker-industrialist will be a key factor in the 1956 elections, even if he deliver no speeches. As Secretary of the Treasury, he has made himself the Republican caretaker of tax cuts, expenditure cutting, budget balancing and debt retirement. During three years in office Humphrey has made a substantial down payment. With help from Congress he cut taxes $3.7 billion in 1954. With help from other Cabinet members he has cut federal cash expenditures nearly $2 billion. He has reduced the cash deficit from $4.1 billion in Harry Truman's last year to $1.7 billion estimated for the current year, and even that may be wiped out altogether


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