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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Dec 05, 1975
Page
4
The November index rose no amount from October due to a drop in agricultural prices. Industrial goods rose 0.6 percent, half the October gain, while the overall year-over-year rise eased to 3.7 percent from 23.5 percent a year earlier, with signs of easing consumer inflation.
The House tax reform bill would extend withholding, keep a $30 per person credit and add a 2 percent credit up to $240, shifting more aid to middle income families. It preserves 1975 standard deductions while adding child care, alimony, and retirement credit reforms, forecast to raise $1.45 billion in 1976 but possibly slow the recovery.
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