Carter faces possible record deficit to spur economy
President-elect Carter may propose a record fiscal 1977 deficit if he chooses to push a stimulus program. Advisers warn a large deficit could provoke public backlash and Congress resistance, with deficits potentially reaching 80 billion if a 15 to 20 billion jobs tax cut package is adopted.
MENTIONED IN THIS ARTICLE
Washington
Carter
Ford
Congress
Congressional
Treasury
William E. Simon
Federal Reserve Board
Arthur F. Burns
Muskie Proposes Tax Cut Tied to Unemployment Levels
Sen. Edmund S. Muskie of Maine proposes his own tax cut plan linked to unemployment. He would raise the individual credit from 35 to 60 percent when jobless rate exceeds 6 percent and eliminate it when it falls below 6 percent, with current U S rate at 8.1 percent.
MENTIONED IN THIS ARTICLE
Los Angeles
Edmund S. Muskie
Maine
Senate Budget Committee
Congress
Muskie
University of California-Los Angeles
Carter
Office of Management and Budget
Thomas
Bert’’ Lance
Government weighing ban on amphetamines amid abuse linked to dieting
DEA Administrator Peter Bensinger urged considering whether amphetamines should be available at all as abuse grows among dieters. He cited FDA review and stricter enforcement, while NIH official DuPont warned about limited value for long term dieting.
MENTIONED IN THIS ARTICLE
Washington
Drug Enforcement Administration
DEA
Peter B. Bensinger
Ford Administration
Bensinger
FDA
DuPont
Strategy Council On Drug Abuse
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