Kennedy urges at least ten billion tax cut this year
President Kennedy pressed Congress to pass a tax cut of at least 10 billion dollars this year and possibly as high as 13 billion, saying a straightforward rate cut without revisions could be simplest and best. He spoke at an American Bankers Association event marking the centennial of the banking system and outlined growth benefits and opposition critiques.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Congress
American Bankers Association
ABA
National Banking System
Commercial Banking
Rising Costs To Slice Tax Cut
Rising state local and Social Security taxes could offset much of Kennedy's proposed 1963 tax cuts. A $2.2 billion Social Security rise and a $500 million postal gate increase take effect soon, with many states planning tax rises. Several factors dampen the benefit of the $10.3 billion three year plan, including state deductions, federal to state tax linkage, and local tax ambitions, as the nation faces a broad pattern of rising costs and new levies.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Pittsburgh
Pennsylvania
St. Paul
Minnesota
Buffalo
N.Y
Michigan
Mississippi
New Mexico
The
Tax Foundation, Inc
New York
Spend your vacation at home for image and budget
A humorous adage suggests staying home on vacation reveals character as sensitive imaginative home-loving and frugal, implying friends will judge you accordingly.
MENTIONED IN THIS ARTICLE
Copr
Gen
Fea, Corp
Supreme Court frees 187 South Carolina demonstrators
The Supreme Court ruled 8-1 to overturn the breach of peace convictions of 187 high school and college students from South Carolina who demonstrated at the State Capitol in Columbia on March 2, 1961. Justice Stewart wrote the majority opinion, faulting the arrests as infringing free speech and assembly rights. Justice Clark dissented, noting the demonstrators’ conduct was not passive. The decision aligns with police duties to curb violence rather than punish peaceful protest.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
South Carolina
Stewart
Clark
Columbia
S.C
State Senate
Warren
Black
Douglas
Harlan
Brennan
White
Goldberg
Daniel McLeod
Tthe High Court
Samenuianete
McLeod
Lawmakers Near Ninth Week as Lobster Ban Eases
Members sign a majority report on a bill by Rep. Dana W. Childs of Portland opposing passage while Gov Reed’s sales tax proposal stands 7-3 favorable in Taxation. The House opens its ninth week with hearings Tue Wed Thu, Sea and Shore Fisheries meets at 1 p.m. Tuesday amid a likely long session as three bills on the docket relax the current lobster catch ban.
MENTIONED IN THIS ARTICLE
Maine
John B. Cottrell Jr
Portland
Dana W. Childs
Reed
Sea & Shore Fisheries Committee
Rockefeller weighs board to probe NYC newspaper strike
Governor Nelson Rockefeller says he may appoint a subpoena power board of inquiry to study the 80 day old New York City newspaper blackout. Union leaders say they would respond to a board, but may reject its findings. Mayor Wagner and printers hold separate talks as the standoff continues.
MENTIONED IN THIS ARTICLE
NEW York
Nelson A. Rockefeller
New York City
Bertram A. Powers
Rockefeller
Robert F. Wagner
City Hall
Wagner
Powers
Red Giants Seek Reconciliation Between Soviets and Mao
An AP News Analysis notes signs of thaw between Khrushchev and Mao Zedong as both Moscow and Peking show moves toward bridge their rift. Mao calls Soviet envoy Chervonenko for talks, Pravda highlights the meeting, and high level talks with Pan Tzu li and Khrushchev pledge brotherhood.
MENTIONED IN THIS ARTICLE
Stanley Johnson
Moscow
New York
Khrushchev
Mao Tze-tung
Peking
China
Stepan V. Chervonenko
Pravda
Wu Hsiu-chuan
Red Party
Berlin
Yugoslavia
Chou En-Lai
Liu Shao-chi
Andrei A. Gromyko
Pan Tzu-li
Soviet Union
Soviet Communist Party
World Communist Movement
Pope John XXIII To Broadcast Lenten Message Worldwide
The Vatican announced that Pope John XXIII will deliver a Lenten message tonight. The address will be carried by Vatican radio and relayed in hookups around the world.
MENTIONED IN THIS ARTICLE
Vatican City
John XXIII
Vatican
Vatican Radio
Reerra
Dirksen Says Four U.S. Fliers Killed in Bay of Pigs
Senate Republican leader Everett Dirksen announced he has evidence that four American airmen were killed during the 1961 Bay of Pigs invasion. He completed a one man inquiry and will share findings with Senate investigators.
MENTIONED IN THIS ARTICLE
Washington
Everet M. Dirksen
R-Ill
Cuba
Dirksen
Senate
Bay of Pigs
Evi
Dence
U.S
Wone
Fi Castro
Bastista
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Indian River
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