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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 20, 1963
Page
5
The piece reviews Kennedy's tax cut theory by comparing the 1954 7.4 billion reduction with postwar economic data. It notes varying effects on receipts GDP corporate profits unemployment and consumer spending, and describes the plan to phase in a 10 billion cut over three years to limit deficits.
Lyle C. Wilson argues deficits from tax cuts threaten the U S budget. He cites a $24.3 billion treasury deficit from 1958 to 1963 and notes lawmakers and the White House, not businessmen, caused deficits by appropriating and spending beyond revenue. He warns the debt and dollar value erode the economy.
Police report that more than 1,200 Kikuyu men and women were convicted last year for offenses linked to the outlawed Kenya Land Freedom Army. The army is said to be led by former Mau Mau militants.
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