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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Dec 20, 1977
Page
5
Bethlehem Steel announced broad price increases on many products amid a sector downturn. The move follows industry talk of stabilizing margins as rivals like Wheeling-Pittsburgh and others study hikes amid inflation concerns and federal actions against steel dumping.
President Carter received options from Treasury to cut taxes by 20 to 30 billion dollars next year with three quarters of relief aimed at individuals and one quarter at business. Officials said the plan could include reductions in excise taxes and travel and gasoline, though energy taxes might be excluded. Carter planned to decide before year end and aims for early action next year with a potential July 1 target.
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