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Administration pushes 10 percent surcharge plan amid mixed signals
President Johnson renews demand for immediate passage of a 10 percent income tax surcharge as Treasury and Fed officials warn of overheating and recession risks. Reports show January income gains slowing, gold price concerns rise, and trade gaps widen while auto output and steel production set weekly records.
MENTIONED IN THIS ARTICLE
George Taylor
New York
Johnson
Washington
House
Ways and Means Committee
Treasury
Henry H. Fowler
Senate
House Economic Committee
Economic Committee
Commerce Department
Federal Reserve Board
Department
Federal Reserve
Martin
U.S