IRS Answers More Questions On Wages And Prices
IRS released a follow up Q A on costs and wage rules under the Cost of Living Council Pay Board and Price Commission. It covers price increases for resale due to the 10 per cent import surcharge and wage guideline exemptions for agricultural workers. The report also notes labor board actions on a railroad signalmen contract and pay guidelines for construction wages amid the freeze. It mentions President Nixon signing a tax cut bill and a Senate House clash over retroactive raises.