White House forecasts food price rise 3-4 percent in early 1975
White House says retail food prices will climb about 3 to 4 percent in the first half of 1975 and level off or dip slightly in the second half. Agriculture Secretary Butz told President Ford and the Cabinet that 1974 saw a 14 percent retail rise, largely from middleman costs, with beef fruits vegetables potatoes rice and peanuts cited as good buys.
MENTIONED IN THIS ARTICLE
Washington
UPI
White House
Ford
Agriculture
Earl L. Butz
U.S
Ron Nessen
Butz
Meany opposes oil depletion but delays could loom for tax bill
AFL CIO President George Meany told the Senate Finance Committee he opposes the oil depletion allowance yet warned a delay in tax cuts could follow if the repeal fight stalls the broader tax reduction bill. Meany urged at least a 30 billion dollar tax cut and noted relief for moderate income itemizers.
MENTIONED IN THIS ARTICLE
Washington
UPI
Afl-Cio
George Meany
Senate
Meany
Senate Finance Committee
House
Finance Committee
House- Senate
Ford
Gaylord Nelson
Dwis
Aflcio
FEA official cites faster drop in domestic fuel output
A regional FEA director warned that coal oil and natural gas production are falling faster than conservation can offset. Dudley Faver projected imports costing at least 34 million dollars by 1977 unless production rises in tandem with conservation.
MENTIONED IN THIS ARTICLE
Denver
UPI
Federal Energy Administration
Dudley Faver
FEA
Faver
Conserva
Conserving Fossil Fuels Slated as Short-Term Answer
Faver argues that reducing imports requires cutting consumption of fossil fuels. He notes 1974 saw a 3.1 percent drop in fossil fuel use from 1973, while crude oil production declined by 4.5 percent, signaling tighter supply and the need for conservation.
MENTIONED IN THIS ARTICLE
Tion
Faver
Fast, massive tax cut urged by UAW chief
Leonard Woodcock told the Indianapolis Economic Club that Congress should enact a quick and large tax cut of 30 billion dollars. He argued the relief should mainly aid lower and middle income families.
MENTIONED IN THIS ARTICLE
Long Beach
Calif
Thurs
Independent
Sss Press-Telegram
Indianapolis
Ind
UPI
Leonard Woodcock
United Auto Workers
Congress
Woodcock
The
Indianapolis Economic Club
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