Tax cuts delayed to midyear as Kennedy budget unveiled
The Kennedy administration projects a July 1 start for personal income tax cuts in a $98.8 billion fiscal 1964 budget. Secretary Dillon cautions Congress could push back the effective date, with full employment hoped by 1966 and surpluses thereafter. The plan aims to offset lower revenues through growth.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Secretary of the Treasury
Douglas Dillon
Dillon
Congress
Khrushchev Sees Berlin Wall Visit and Wave to West Berlin
Soviet Premier Khrushchev visited the Berlin Wall at Friedrichstrasse near Checkpoint Charlie and waved to West Berliners. He stood two feet from the border, watched by East German guards, amid Cold War tensions and a nearby East German party meeting led by Walter Ulbricht and Gomulka.
MENTIONED IN THIS ARTICLE
Nikita Khrushchev
Berlin
Khrushchev
Point Charlie
U.S
West Berlin
Wall
Wladyslaw Gomulka
Communist Party
Moscow
Peking
Gomulka
Walter Ulbricht
Willy Brandt
Friedrichstrasse
Brandt
West
East Berlin
Helmut Poppe
Kennedy seeks record space budget to reach moon this decade
President Kennedy asks Congress for 4.2 billion for 1964 for NASA plus 184.88 million for the Atomic Energy Commission to push manned lunar landing and space science. The total for space projects would reach about 4.385 billion, funded to advance Apollo androcket and satellite tech.
MENTIONED IN THIS ARTICLE
Washington
U.S. Space Agency
Kennedy
Congress
National Aeronautics and Space Administration
Atomic Energy Commission
Moon
Venus
Mars
Kennedy proposes new health insurance for the aged
President Kennedy outlines a health insurance program for the aged to cover Social Security and non Social Security individuals. It would start January 1 1965 and be financed mainly through Social Security with non Social Security beneficiaries funded by regular appropriations. The plan previously failed in the Senate and no cost estimate for non Social Security care is provided in the fiscal 1964 budget message.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Congress
Senate
Smithfield judge removed amid bribery case
Superior Court Judge Rudolph Mintz ousted Jack Austin from the Smithfield District Recorder's Court after finding he feloniously and corruptly used office for personal gain. Austin, 36, denied charges while defense plans an appeal to the State Supreme Court.
MENTIONED IN THIS ARTICLE
Smithfield
N. C
Superior Court
Rudolph Mintz
Jack Austin
Austin
State Supreme Court
Mintz
Recorder's Court
Four Oaks
Johnston County
Cecil Edward Braswell
James Earl Pittman
Funeral Home
Archie Taylor
Taylor
Recorder’s Court
Pope Lyon
Young Democratic Club
Kennedy Budget Sparks Bipartisan Budget Storm
The Kennedy budget faces fierce opposition in Congress as critics warn of an $11.9 billion deficit that could throttle tax cuts. GOP leaders deride the plan as too large while urging substantial cuts. Democrats echo concern, calling the proposal excessive and urging reductions without harming national security.
Kennedy unveils $98.8 billion budget defying wartime totals
President Kennedy proposed an unprecedented 98.8 billion budget starting July 1, aiming to boost employment and output with tax cuts that would widen the deficit. Defense, space, foreign aid, and elder medical care receive major funding, while tax cuts are designed to spur revenue growth later.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Congress
Legislature To Meet In State House In 1963
The 1963 General Assembly will convene February 6 in the new State House valued at six million dollars. Democratic caucuses for House and Senate officers are set for February 5 at 8 p.m. in the State House. Republicans meet at 7 p.m. in the Sandhill Room. The Senate opens at 11 a.m. and the House at noon with mass oaths for members.
MENTIONED IN THIS ARTICLE
Raleigh
General Assembly
Capitol
Thad Eure
House
Senate
State House
Eure
Sandhill
Budget in Brief Fiscal Year Ending June 30
The brief summarizes the year’s figures with income 85,500,000,000 dollars and spending 94,311,000,000 dollars, creating a deficit of 8,811,000,000 dollars. The national debt at year end stood at 303,494,000,000 dollars.
Kennedy asks Congress for nearly five billion in foreign aid
President Kennedy urged Congress to approve about 5 billion dollars in foreign aid, saying it would boost U S security and aid self-helping nations. He noted a 3.75 billion dollar estimated expenditure for the coming fiscal year with 1.25 billion in reserve, citing a 200 million boost in economic aid offset by a 300 million cut in overseas arms deliveries.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Congress
U.S
Alliance For Progress
Latin America
Also Mentioned on This Page
By Tom Ochiltree
Smithfield Court
Charles A. Halleck
Indiana
Everett M. Dirksen
Illinois
Clarence Cannon
D-Mo
House Appropriations Committee
Whitney Shoemaker
Department of Urban Affairs
Dwight D. Eisenhower
Bureau of the Budget
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