Ford Calls Surtax Needed to Curb Inflation
Ford, board chairman Henry Ford II, at his Dearborn news conference, forecast U.S. auto sales near 9.4 million in 1968 while urging a 10 percent surtax by Jan. 1 and reduced federal spending. He warned inflationary pressures require moderation of expansionary fiscal and monetary policies amid a tentative 1968 outlook.