Anderson Herald in Anderson, Indiana

Economy Plans Out Of Whack Says Heller In Washington

Economist Walter Heller, adviser to two Democratic presidents, told the Joint Economic Committee that Nixon’s plans favor big business over consumers and need drastic revision. He urged replacing depreciation with investment tax credits, delaying Social Security tax hikes, backdating tax exemptions, and cautioned against a persistent import surtax while praising dollar strong moves. He warned wage price and rent freezes require political capital to avoid rebound. A second note: nationwide, over 2 million drunkenness arrests are made annually.