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Johnson Warns of Recession Risk After Vietnam
President Johnson directs a study of quick tax cuts and spending speedups to avert a recession sparked by unwinding Vietnam wartime measures. The annual economic report forecasts moderate growth through 1967, higher output, controlled inflation, and near full employment, with wage and price restraint urged. Gardner to lead postwar policy group. focus on tax relief, credit ease, and smoothing the peace transition for workers and industries.
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Johnson
Vietnam
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