Tax Committee to Hear Economy Hearings This Week
Closed hearings begin Thursday and continue about a week with invited witnesses. Expected participants include business labor farm groups government spokesmen and academic economists.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 23, 1962
Page
1
Closed hearings begin Thursday and continue about a week with invited witnesses. Expected participants include business labor farm groups government spokesmen and academic economists.
Rusk explains hearings behind closed doors to avoid pressuring tax cut. Kennedy aims for a net income tax reduction as part of reform, with a decision likely by mid August after July economic data. Congress shows growing support for a tax cut this session led by Humphrey.
Delegates from fourteen countries sign a treaty of independence and neutrality for Laos ending a year and a half of peace efforts. Premier Souvanna Phouma pledges Laos will stay neutral and independent as Premier Khrushchev hails the accord. The agreement calls for withdrawal of foreign troops within 75 days and frontier security, with an international control commission of India, Poland, and Canada to monitor compliance amid ongoing East West talks.
A Paris to Marseille express derailed near Dijon when one car toppled from a viaduct about 150 feet high. Hundreds were injured and more than twenty killed, according to a government rescue official. The crash occurred about seven miles from Dijon as the train headed to the south coast.
Beijing claims Indian troops fired on three Chinese outposts in Ladakh over the past week. A 20 minute clash in Chip Chap Valley was described as the most serious incident with two Indian soldiers wounded. Nehru called the situation serious in New Delhi.
Dr Norman B Ackerman described a radiance balloon method using radioactive phosphorus to stain stomach tissue for cancer detection at the International Cancer Congress in Moscow. The technique, tested on about 400 patients, aims to locate cancer by patterns of emitted signals.
The Britannia propjet crashed during an emergency landing at Honolulu International Airport killing 27. Thirteen survivors, all from the tail section, escaped with minor injuries. The wreckage scattered bulldozers as flames engulfed the plane, which had departed Honolulu 41 minutes earlier for Fiji, New Zealand, and Australia.
Secretary Hodges outlined Kennedy's 1962 trade expansion plan at Senate hearings, arguing tariff reductions will unlock global demand for U S consumer goods. He noted U S exports exceeded imports last year and cited broad backing from Hoover Truman Eisenhower the Chamber of Commerce AFL CIO Walter Reuther and Henry Ford. The House retained the escape clause allowing Tariff Commission hearings for injured industries.
Robert Lee Case, convicted rapist, received a stay of execution from Federal Judge Algernon Butler while a writ of habeas corpus is considered. Case and his nephew Willie Shedd Jr. were convicted in 1960 of raping Mrs. C. G. Black Sr. in Gaston County. Shedd got life imprisonment.
American engineers beam a live Kennedy news conference via Telstar to Europe with previews of major league games, Mount Rushmore, Liberty, Golden Gate, Niagara Falls and Rome opera. The shows air on ABC CBS and NBC and reach 16 European nations.
Ahmed Ben Bella's leftist dissidents broke with Premier Ben Youssef Ben Khedda and announced a seven member political bureau to lead an FLN rival regime. They cite a police state and urge democracy while promising leadership of the country and army. The move follows failed efforts to reach a compromise among guerrilla leaders.
London reports mounting foreign criticism of Moscow's plan for a new series of nuclear weapons tests. The United States labeled the move disturbing amid Geneva disarmament talks and urged continued negotiation. British anti nuclear protests formed outside the U S and Soviet embassies as details remained unclear.
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