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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jul 01, 1962
Page
3
Washington sources report widespread debate over tax cuts as a cure for the economy. As stock losses mount and growth flags, the Chamber of Commerce urges rapid cuts while President Kennedy weighs measured steps and Congress debates boosts like the investment tax credit.
Washington officials say Kennedy's administration believes revisions in a tax cut may wait for a new Congress unless economic deterioration worsens. A simplified rate cut for corporate top rates and higher personal exemptions could be proposed, costing around $5.5 billion, with Republicans demanding accompanying spending cuts. White House and Senate talks, including Byrd, face resistance before any action.
Frederick Harriet Brennan, writer for the Wyatt Earp TV series and novelist, shot himself in the heart with a .5 caliber pistol while in bed. Deputy Coroner Paul Mayes said Brennan, 6, died at home in Hidden Valley near Omard with Celeste nearby. No note found. investigators found no motive. Brennan had worked for the St. Louis Globe-Democrat and Post-Dispatch.
The House approved a compromise sugar bill outlining foreign purchase allocations and a 1.64 million ton Cuba share while aiming to finalize the measure next week. Kennedy’s administration signaled flexibility, awaiting final Senate action and presidential signature.
Nationalist military leaders say intelligence shows Soviet and Chinese forces shifting from the north to central and southern China. They warn the relocation could threaten Formosa and Southeast Asia, but note no current plan for a major Quemoy attack and highlight air and naval shortages along the southeast China coast.
SAN DIEGO AP Engineering studies for a manned Mars orbit by 1972 are under way at General Dynamics Astronautics under a new NASA contract. Krafft Ehricke will head the study program and says the six month 250000 dollar contract supports exploration. The plan includes a four to eight person crew and 250 to 480 days in space with polar reconnaissance satellites feeding data to the main ship.
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