Conferees Agree to Raise Minimum Wage to 1.60
Congressional negotiators tentatively approve a compromise to boost the federal minimum wage to 1.60 dollars an hour by 1968 and extend coverage to 8.1 million more workers including 900,000 school workers and 300,000 farmhands. The plan blends Senate timing with House broadened coverage.
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Congress weighs suspending present corporate tax credit
Congress debates suspending a key corporate tax credit amid inflation fears. The House subcommittee trims fish protein concentrate funding to one plant and links approval to FDA fish flour rules, while urging delay until health standards are met. Strong Capitol Hill support grows for the tax credit suspension, despite White House resistance.
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GOP Leaders See Gains But Fear Voter Registration Gap
Washington reports Republican leaders claim progress in rebuilding a stronger party structure while worrying Democrats are registering more voters. Ray Bliss, 17 months as national chairman, pushed continuous conferences for state and local leaders to boost turnout ahead of the November elections. The piece notes concerns over House gains and the impact of tax policy on credit and lending.
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UPI
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Truth-in-Lending Law Signed in Massachusetts
Gov. John A. Volpe signed a truth-in-lending bill requiring full disclosure of credit costs on loans under 25,000. The measure, described as the first comprehensive law of its kind in the United States, aims to help consumers compare financing costs and understand interest rates. The Massachusetts Consumers Council hailed the move, calling the state a leader in consumer protection.
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UPI
John A. Volpe
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