Debating Tax Policy Across Johnsons Advisers
President Johnson weighs tax hikes to curb inflation as advisers split. McChesney Martin urges a broad tax increase, Ackley favors delaying action, Fowler warns of year-end effects, Heller argues for immediate tax boosts. The debate shapes fiscal policy guidance and market expectations.
MENTIONED IN THIS ARTICLE
William McChesney Martin, Jr
Federal Reserve Board
Gardner Ackley
President's Council of Economic Advisers
Henry H. Fowler
the Treasury
Fowler
Walter Heller
Council of Economic Advisers
Kennedy
Johnson
Ackley
Gallup Poll Finds Broad Favor For Poverty Program
Americans largely favor the national anti poverty program but locals with knowledge of it show divided views on spending. The Economic Opportunity Act of 1964 has prompted widespread efforts including Head Start and Youth Corps with over $2 billion in funds expected by mid year.
MENTIONED IN THIS ARTICLE
George Gallup
Princeton
N. J
Johnson
U. S
Tence
American Institute of Public Opinion
Hill Country and Miller Telecasts Highlight Week
AP reports CBS presents Arthur Miller’s Death of a Salesman with Lee Cobb and Mildred Dunnock Sunday night. LBJ tour special airs Monday featuring the President as guide. Also, The Face Is Familiar debuts Saturday night replacing The Loner, and Batman repeats on Wednesday and Thursday reflecting Gemini 8 coverage.
MENTIONED IN THIS ARTICLE
New York
CBS
Arthur Miller
Hill Country
Johnson’s
Texas
United States
Miller
Lee
Cobb
Mildred Dunnock
Willie
Linda Loman
Pedernales River
LBJ
ABC
New Economics and Tax Talks Stir Economic Debate
The text notes Heller shaping fiscal policy under the New Economics with tax cuts to spur employment while red ink remains. President Johnson convenes a Labor Management Advisory Panel to weigh tax and monetary policy. Congress faces pressure over education welfare funding amid war spending fears and possible tax increases.
MENTIONED IN THIS ARTICLE
Heller
U.S
Johnson
Labor-Management Advisory Committee
Congress
House
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