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Article: Scope trial. (fiscal 1996 budget)
- Article from:
- Reason
- Article date:
- June 1, 1995
- Author:
CopyrightCOPYRIGHT 1995 Reason Foundation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In July 1985, the reagan administration tried to abolish the Small Business Administration. But Lowell Weicker (R-Conn.), who then chaired the Senate Small Business Committee, vowed to block any attempt to defund his fiefdom. The administration only cut that year's SBA appropriation in half, to $385 million. A decade later, the SBA gets more than $800 million a year from taxpayers.
Today's congressional budget cutters could learn a valuable lesson from the Reagan administration's 1985 defeat. Republican House leaders have promised that their budget will eliminate the federal deficit within seven years. But how they reduce spending will be more important than ...