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Senate debates extending Nixon wage and price controls
The Senate opens debate on an extension of Nixon era wage and price controls through April 30 1973 with standby powers over dividends and interest and Phase 2 adjustments. Proxmire opposes retroactive pay and calls the program complex and unenforceable. Shultz argues for extension to avoid uncertainty next spring.
MENTIONED IN THIS ARTICLE
Washington
Senate
Nixon
Ape Menear Agenar
William Proxmire
Wis
House Eonomic Committee
Proxmire
George Shultz
Office of Management and the Budget
Shultz
ABC Radio-Tv
Senate Banking Committee
Congress
John Sparkman
Dala
Banking Committee
Proxmite
Alan Cranston
D-Calif
Charles. McC
Mathias
R-Md