Ike and his aides have thought a lot about the country's economy. Main point: there will be no drastic changes in the near future. One Ike adviser calls the program "imaginative orthodoxy."
TAXES may go down slightly in 1953. Eisenhower intends to let the excess-profits tax expire June 30, may temporarily raise ordinary corporate taxes to make up for the loss of income. Excise levies may be slightly reduced.
DEFENSE SPENDING will not be substantially increased. Ike hopes to do what he considers necessary by more efficient use of money already scheduled to be spent.
THE PRICE LEVEL will not be forced...
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