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Budget cuts and surtax stance amid inflation fears
President Johnson adjusts to a $6 billion budget cut linked to his proposed 10 percent income surtax aimed at curbing inflation. AFL-CIO opposes indiscriminate slashing, urging targeted funding for social welfare and urban needs. Taxpayers in the lowest brackets may evade the surcharge, which remains retroactive to April 1 with June 30 expiry. Summer driving safety PSA follows.
MENTIONED IN THIS ARTICLE
Johnson
Congress
Afl-Cio Executive Council
America
Afl-Cio
George Meany