Unfortunately, this legislation is also burdened with several extremely undesirable features--provisions which would represent a backward march for the Federal Government's disaster relief programs-and for that reason, I am compelled to veto it.
Veto of the Small Business Administration Loan Ceiling and Disaster Loan Amendments
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I take this occasion once again to urge prompt and final action on the Trade Reform Act.
Two weeks ago, I vowed to the American people that any appropriations bill substantially above my budget for fiscal year 1975 would be vetoed.
Our military forces deter potential aggressors and, together with those of our allies, serve to assure the continued security of the free world.
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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