Money’s Worth Administration Aims Tax Break
Sylvia Porter reports on Kennedy plans for an across the board tax reduction to boost growth and employment. Officials debate corporate cuts to 49 percent and individual rates near 91 percent, with Federal Reserve signals supporting reform while warning on deficits.
MENTIONED IN THIS ARTICLE
Federal Reserve System
U.S
Federal Reserve Board
George Mitchell
Indiana
Mitchell
Casn
Possible
Tax Cuts and Investment Incentives Power Economic Recovery
The Cedar Rapids Gazette notes a proposed tax cut plan lowering the first $1,000 rate to 15 percent and scaling all other rates to a top of 65 percent. It would leave individuals with $46 to $7 billion more and total reductions of $8 to $9 billion. Half of the cut would be offset by higher spending. The plan stacks with business investment incentives and liberalized depreciation, signaling bold Kennedy administration push to energize growth.
MENTIONED IN THIS ARTICLE
New York
Kennedy
Congress
Washington
U.S
The
Cedar Rapids
Senate
Want Ads Offer More Value for Your Money
Classifieds promise greater value in this issue with affordable listings across jobs real estate and services. Readers find bargains on household items vehicles and local opportunities while merchants emphasize savings and practical deals.
MENTIONED IN THIS ARTICLE
YWCA
Fifth St
Lions Name Officers
WHAT CHEER The Lions club has elected officers for the coming year. Frederick Krueger is president with Leslie Epperly and Carl Draegert as vice presidents. Dan Lawrence is secretary, James Whyte and Howard Nen tary, Larry Nicholson tail twister, Paul Synhorst dutwister, and Boyd Beeman a director.
MENTIONED IN THIS ARTICLE
The
Lions ‘Club
Frederick Krueger
Leslie Epperly
Carl Draegert
Also Mentioned on This Page
By Sylvia Porter
Toa
Venith
Royal
BUY Now! Supply Limited
Sitichons
Decca
Coral
Zenith
Appliance Company
Iowa
Second Avenue
Tenth Street
Lions
TROUT
Lindale
Tinh
Winston
America
R. J. Reynolds Tobacco Company
Winston-Salem, N
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