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Independent in Long Beach, California

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Articles on This Page

This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Independent

Location

Long Beach, California, United States of America

Date

Oct 10, 1974

Page

4

Ford Defense of inflation plan faces critics in Philadelphia

President Ford promoted a five percent surcharge plan for mid and upper incomes while defending budget cuts to shift funds to homebuilding. He argued the levy would not curb purchasing power and urged voluntary cooperation, noting there is no recession yet. He criticized violence over busing and outlined energy program steps and foreign policy openness with possible talks with Brezhnev.

Ford Tau Rogers Morton Congress Boston Richard M. Nixon House Hue Simon Nixon Betty Nelson A. Rockefeller Henry A. Kissinger New York Luis Heheverria Alvarez Anirei Gromyko Kissinger Russia Philadelphia Pord America Pennsylvania William Scranton Drew Lewis Air Force One Philadelphia International Airport Lewis Jewis Sheraton Hotel

Ford surtax plan draws mixed reviews in Congress

Critics from both parties say the 5 percent surtax on corporate incomes and higher earners is too weak to curb inflation. Senate leaders urge raising income thresholds. others call for stronger measures and broader tax reform amid hearings on unemployment and housing aid.

Washington Ford Mouse Senate Mike Mansfield Charles Percy Mansfield Congress Barry Goldwater Aviz United States Treasury William Simon Iisa Ways and Means Committee al Ullman

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