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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Mar 19, 1958
Page
6
A Democratic bill to cut federal taxes by seven billion dollars is set to be introduced, possibly today, by Rep. Skard of Texas. The measure aims for an across the board reduction in individual tax rates as a tool against recession, aligning with earlier Democratic drafts.
A White House briefing outlined the bottom tax rate of 12 percent on the first $1,000 of taxable income and 20 percent on the next $1,000 as part of unemployment benefit discussions. Secretary John Foster Dulles was scheduled to speak, with President Eisenhower to hold a news conference later.
Washington The Marine Corps said about 7,000 Marines will be offered early release from service. Eligible for release in April May and June they can exit as soon after April 1 as possible. The move supports efforts to cut expenditures in the 1958 fiscal year as Congress considers a smaller force.
Four day old Prince Albert is photographed in the arms of Princess Grace of Monaco, formerly Grace Kelly. Albert is the heir to the small Mediterranean principality ruled by Prince Rainier III.
An underwater object possibly a foreign submarine was contacted during a U S Navy sea maneuver off the Northern California coast last Friday. The Coast Guard conducted a search about 50 miles northwest of San Francisco near Golden Gate, and Navy planes scoured an area 15 miles square off Bodega Bay for traces of radiation or the intruder. No definitive identification was made.
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