President May Push Tax Increase as Congress Debates Economy
President signals possible tax hikes if inflation relief remains weak and prices stay high. Senate leader Dirksen warns of a tug of war with Republicans and cautious Democrats over spending cuts versus tax rises. Byrnes opposes new taxes while Boggs Mahon and Ribicoff voice cautious stance and desire to defer unless needed. The debate reflects pressure from the Viet Nam war and budget costs.
MENTIONED IN THIS ARTICLE
Pty
Senate
Everett M. Dirksen
Johnson
Dirksen
George H. Mahon
D-Tex
Admor
House Ations Committee
Abraham A. Ribicoff
Dconn
Senate Finance Committee
Tax Hikes Possible If Price Rise Continues
Treasury official Surrey told Congress that higher personal income taxes are best to cool the economy, paired with a corporate tax rise. A 5 percent individual tax increase could pull about $2.5 billion from the economy, while a 1 percentage point corporate boost would add roughly $700 million in revenue. The exact mix remains under study as inflation pressures persist.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Congress
Toda Butney
Surrey
the Treasury
Senate
Toe Corporation
Johnson
Uniform Time Plan Clears Congress and Heads to States
Washington AP reports Congress passed a uniform daylight saving plan after House and Senate conferees agreed. The measure requires areas observing DST to apply it from the last Sunday in April, with the entire nation on DST for six months next year, while states may opt to remain on standard time if their legislature votes so.
MENTIONED IN THIS ARTICLE
Washington
Coneu
House
Senate
Senate House
Johnson Proposes Billion Dollar Antifamine Aid to India
President Johnson asked Congress for a 1 billion dollar antifamine program for India as Prime Minister Gandhi flew home after talks with U.S. officials. Johnson pledged aid to meet India's food emergency and development needs, with currency in rupees spent in India. He proposed increasing grain shipments by 3.5 million tons this year, adding to 6.5 million tons already allocated, with total 18 month costs nearing a billion dollars.
MENTIONED IN THIS ARTICLE
Washington
Johnson
India
Ig A Gandhi
O Ae City
U.S
United States
Congress
Orville L. Freeman
Reward Drive Grows for Surfside Teen Daniel Goldman
In Miami Beach area Surfside residents push a reward for the return of 18 year old Daniel Goldman after a heavy set man in a baseball cap abducted him from the Goldman home near Biscayne Bay. Police pursued dozens of leads and even two fruitless raids as investigators noted the kidnapper is extremely dangerous.
MENTIONED IN THIS ARTICLE
Miami
Fla
Daniel Goldman
Surfside
Warren Dalrymple
Goldmans
Biscayne Bay
Daniel
Stalinism Out Says Communist Party Seeks New Age Polity
Moscow report notes Communist sources indicating a reexamination to soften criticism of Stalin while attempting to distance the Communist party from his crimes and align with a newer political age.
MENTIONED IN THIS ARTICLE
Moscow
Stalin
Communist Party
Draft Dodging Scheme Charged In New York and Cleveland
The FBI arrested 38 men in dawn raids across New York and Ohio cities to dismantle a fake enlistment papers operation selling documents for up to 5000 dollars. In New York 33 were seized, including nine fathers and eight sons. Cleveland arrests included five men. Solomon Gottfried, 56, faced charges for obtaining Defense Department forms and linking buyers to enlistment papers via Paul Miller.
MENTIONED IN THIS ARTICLE
New York
FBI
Cleveland
Akron
Ohio
Chicago
Albany
N.Y
Asst
U.S. Atty
Leonard Pheberge
Solomon Gottfried
Air Force
Defense Department
Frank M. Kovach Jr
Parma
Donald Taylor
Kovach
Taylor
Air Force Open Mind on UFO Reports Says Spokesman
An Air Force spokesman stated the service keeps an open mind on unidentified flying objects and does not censor reports. He noted thousands of inquiries and thousands of prepared replies, with some responses nearly form letters asserting no saucer pictures exist and no current congressional investigation.
MENTIONED IN THIS ARTICLE
Washington
Air Force
Wee Marine
Don Keyhoe
National Investigations Committee
Pentagon
Keyhole
House
Gerald R. Ford
Flying saucers spark hoax reports and UFO sightings
An AP report describes a bright blue ball with a kerosene soaked fiberglass core launched near Grandfather Mountain as a possible meteor or balloon hoax. It also notes Caltech students admitting to fake unmanned flying objects in steam tunnels and summarizes Project Blue Book explanations for most sightings.
MENTIONED IN THIS ARTICLE
Caltech
Pasadena
Calif
California Institute of Technology
Project Blue Book
Air Force
Also Mentioned on This Page
John W. Byrnes
Wisconsin
Geo
Hale Boggs
Louisiana
Dickies
Ribbott
White House
Labor Department
Moon
Downey
Pheberge
Paul G. Miller
Flushing
Queens
Srabegets
the Weather Bureau
Morehead Planitarium
Grandfather Mountain
Hickory
Newton
Fleming House
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