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Newspaper
Childress Index
Location
Childress, Texas, United States of America
Date
Jun 16, 1963
Page
12
President Kennedy faces a second domestic crisis as the oil and gas depletion tax proposal and other tax reform measures falter in the House Ways and Means Committee. Officials say his spring speech to bankers was a warning that the reform retreat was misread.
The piece outlines a showdown over Kennedy’s tax cut plan with Sen. Harry Byrd blocking Senate passage. It notes supporters fear tax cuts without spending cuts could raise deficits and rely on borrowing. Heller argues against the balance budget premise and warns the public clings to austere fiscal norms.
United Press International Almanac for Sunday June 16 1963 lists the date as the 167th day with 198 to follow and marks Father’s Day. It notes visible planets Venus Jupiter Saturn and Mars as the evening star with a moon near new phase. Historical items include Adams opposing Texas annexation in 1838 Wilson renomination in 1916 Hov er renomination in 1982 Peron riots in Argentina in 1955 and a Chaucer thought on art and pursuit.
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