Heller Sees Tax Hike With Tight Money Policy
The debate centers on raising personal and income taxes while tightening monetary policy. Heller backs a five percent tax increase aiming to boost revenue with restrained spending, contending a recession is unlikely though production may slow. Boggs warns deficits remain large and revenue could reach 118 billion while expenditures top 135 billion. He notes a Republican plan to rebate federal tax money to states would face opposition. Inflation may ease with food price gains below previous years and unemployment staying low as productivity rises.
MENTIONED IN THIS ARTICLE
Heller
Boggs
Means
Wilson High Pool Opens to Public Despite Tax Talk
Wilson High pool will open to the public Friday evenings despite polls showing taxpayer resistance to higher taxes. Fees are 25 cents for students and 50 cents for adults, with the pool located at 3180 Carfax Ave. Heller contended Washington could rescind them. The Long Beach police noted a 19 p.m. closing time.
MENTIONED IN THIS ARTICLE
Heller
Wilbe
Jack Hike
F. Ward
Carfax Ave
Long Beach
Sun- Washington
Trust Curbs Ridiculed by Galbraith
London UPI Harvard economist John Kenneth Galbraith blasted anti monopoly laws as a charade in a BBC radio lecture. He argued U S and British controls favor big firms and that declaring large corporations illegal would threaten the modern economy. He noted selective enforcement disadvantages small firms seeking mergers.
MENTIONED IN THIS ARTICLE
London
UPI
Harvard
John Kenneth Galbraith
United States
Britain
Galbraith
John F. Kennedy
British Broadcasting Corp. Radio
America
Me Lonopolies Commission
Brit
Wom
Tefl
Lie
Tove
Schriever Urges Offensive Missile Focus Over Antimissile Defense
Retired Air Force missile expert Gen Bernard A Schriever told ABCs Issues and Answers that the United States should concentrate on developing better missiles rather than an anti missile defense system. He warned an antimissile shield may be ineffective against Soviet weapons and would cost 20 to 30 billion dollars, preferring fund allocation to offense.
MENTIONED IN THIS ARTICLE
Washington
Air Force
Bernard A. Schriever
United States
Schriever
Air Force Research and Development Program
Soviet Union
ABC
U.S
Palm Beach Safari of Wealthy Snowbirds and Celebrities
Palm Beach hosts a four day social whirl as famed names mingle with snowbirds. Guests include Joe Crosby and Nina Auchin Cross, with galas, private dinners, and charity balls fueling a festive season for millionaires, actors, financiers, and noted socialites amid sun and luxury.
MENTIONED IN THIS ARTICLE
Palm Beach
Fla
Walt Shitley Jr
Shitley
Jo Copeland
Thermetics
Brian Sweeney
Handsome Sun
Choj
Helena
Duchess of Argylelensky
Croquet
Rubinstein
Elizabeth Ar
Mour Phillips
Crosby
Meyers
van Heusen
Resi
Bahamas
Hun
Wellstington Harttora
Tven
Bloody Mary
Lou Andersony
Banks
Joseph Dryer
Stock Market
Addison Mizner
Acapulco
Caribbean
Walter Findlay
Spain
New York
Joe Tankoos
Nina Auchin
Also Mentioned on This Page
Tom Page
Walter Heller
Bellflowert Stearns
PRI
Foreman & Clark
Pine Ave
Los Altos Center
Bellflower & Stearns
Lakewood Center
Hoxelbrook
Wed
Thurs
Brower's
confiNeNnTaLe Pacific
23Rd Sty
England
Robrand
Atos Fotewyn
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