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Clarifications on 5.5 Percent Economic Stabilization Standard
The column, issued by the U S Internal Revenue Service, answers common questions about the Economic Stabilization Program announced by President Nixon. It covers when the 5.5 percent general wage and salary standard applies, treatment of existing contracts, retroactive increases, definitions of wages and salaries, employee exclusions, and how the standard is applied to appropriate employee units.
MENTIONED IN THIS ARTICLE
U. S. Internal Revenue Service
Public Service
Nixon
Construction Industry Stabilization Committee