Nixon Eyes U S Value Added Tax Plan Widening Revenue Grants
The Nixon administration weighs a major shift by proposing a value added tax to boost revenue sharing with states and localities. A 2 percent rate could raise about 10 billion dollars, meeting urged needs while addressing concerns from House Ways and Means Chairman Mills. The plan faces opposition for its regressive nature but may exempt food to ease effects.
MENTIONED IN THIS ARTICLE
Washington
Nelson A. Rockefeller
New York
Wilbur D. Mills
D.‘ Ark
House
Ways and Means Committee
Mills
Samuelson urges Nixon to pillory inflationary wages and prices
Nobel economist Samuelson told Meet the Press that Nixon should use harsh public action against rule breakers to fight inflation, favoring spotlighting violators over simple jawboning. He warned the current policy mix risks rising unemployment with continued price hikes and opposed aiming for an 8 percent growth, calling it dangerous.
MENTIONED IN THIS ARTICLE
Samuelson
Nixon
Washington
UPI
Bre Paui Samuelson
Sulnday
Doe
Kennedy
Johnson
Hearing Aid Promises Clear Voices At Low Cost
Japanese engineers have developed an aid with all the important features of instruments but costing much less. It is simple to wear, just slip the receiver in the ear and adjust tone and volume for clear hearing. Home Hearing Aid Source at 207 East Broadway Long Beach offers free delivery and phone 432-5457.
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Sorce
East Broadway
Long Beach
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