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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
May 07, 1964
Page
3
New York AP reports government figures show how tax cut windfalls changed spending. Many used extra take home pay to reduce debt on charge accounts and single payment loans. Others boosted down payments on instalment loans and paid down non auto credit. Some merchants saw no rush to spend. Savings rose little. savings bonds sales dipped from March to April.
A man fatally injured when his car struck a bridge on a county road ten miles south of here Wednesday died after being thrown from the vehicle and pinned beneath it. State Trooper Owen Philpott said the victim died shortly after arrival at a local hospital.
The article notes a shift in debt behavior in April 1963 with new money flowing into charge accounts and single payment loans. After larger paychecks appeared in March, people reduced pressing bills before tackling household, car, and mortgage payments. Tax cut effects appeared as people estimated tax obligations, with Treasury actions affecting net gains. Despite higher installment repayments in March, new debt rose more, lifting total outstanding to a national high.
Senate leaders race to reach compromise on jury trial amendments to the House civil rights bill. Senator Mansfield hopes to break the ice on Wednesday with Johnson after a breakfast meeting. Dirksen and Kuchel praise bipartisan support as talks with Justice Department officials aim to win a two thirds vote to end a filibuster.
Local newspaper listing shows publishing schedule and staff at The Star Building Hope Arkansas with rates for carrier and mail subscriptions. Includes names Alex H Washburn and staff positions, and disclaimers about AP reprint rights and postage details.
Massachusetts Attorney General Edward W. Brooke confirmed the Internal Revenue Service is investigating his income tax returns for 1959 through 1961. He said the probe began after he took office in January 1963 and that he sees it as a routine check. He declined to alter his political plans, expecting to announce them within two weeks.
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