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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jan 30, 1969
Page
3
Mary Williams a 44 year old resident of Philadelphia, was twice victimized by a house burglary and purse snatching. She had sewn a pocket into her girdle to hold money. Wednesday night a robber entered her home, stripped her outer clothing and removed 375 dollars from the girdle pocket.
The Commerce Department reports 1968 ended with a $726 million export surplus after exports of $33.8 billion and imports of $33.1 billion. A 9 percent rise in exports was offset by a 23 percent jump in imports, marking the worst trade balance since 1937. Prospects for 1969 are modestly brighter, with no expected return to the large surpluses of earlier years.
Washington lawmakers from the Committee for Economic Development proposed granting the president authority to raise or lower taxes up to 10 percent with congressional veto. The aim is a fast, flexible tool to counter inflation or recession, with a standby surtax kept on the books for annual economic reviews and potential changes.
Washington D C United States tax reform hearings will begin with an investigation into possible abuses by tax exempt foundations. The House Ways and Means Committee will also review capital gains the investment tax credit estate taxes and personal deductions. Rep Wilbur D Mills warned a comprehensive reform bill is unlikely before next year.
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