Unlike General Revenue Sharing, which is new money without project restrictions, Special Revenue Sharing consists of $10 billion now going into present Federal grant programs, plus $1 billion in new funds.
Special Message to the Congress on Special Revenue Sharing for Manpower.
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More from Richard Nixon
I take this occasion once again to urge prompt and final action on the Trade Reform Act.
This was a serious act of omission for which I take full responsibility and which I deeply regret.
Two weeks ago, I vowed to the American people that any appropriations bill substantially above my budget for fiscal year 1975 would be vetoed.
This legislation exceeds my budgetary recommendations by such a large amount--some $540 million--that it presents a clear and distinct threat to our fight against inflation and cannot be accepted.
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