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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Apr 16, 1970
Page
3
A Gallup style survey shows 60 percent feel taxes have reached a breaking point, with 79 percent believing loopholes for the rich remain. Income groups under 10 000 report rising distress, while over 15 000 show less consensus. Recession concerns rise as living costs soar and incomes fall.
Bank of America chairman Louis Lundborg told the Senate Foreign Relations Committee that the Vietnam War distorted the U.S. economy and harmed domestic business. He cited data showing top firms benefited more during 1962–65 than 1965–69, blaming escalation for inflation and slower profit growth.
Senate's sole woman Republican Margaret Chase Smith releases exchanged letters with presidential adviser Bryce Harlow amid a feud over who influenced her stance on Supreme Court nominee G. Harrold Carswell. Smith votes against him after learning of Harlow’s calls. dispute centers on source of the information and an apology.
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