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Cries of Protest as Securities Hearing Starts
AP reports Congress begins hearings on a proposed 15 percent tax on foreign securities purchases by Americans. Treasury losses reach 305 million this year and 7.5 billion since 1958, with Canada and Japan voicing concern over slowed foreign sales. The move aims to curb dollar outflow and gold purchases while boosting short term rates. In St. Louis a pay phone coin box robbery with an explosive device left the box damaged but cash supposedly remained.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York
U.S
Congress
Treasury
Canada
Japan
United States
Louis