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Independent in Long Beach, California

25 Oct 1974

Page 2

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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 25, 1974

Page

2

No hope seen for extra tax

Tulsa scene reports House Speaker Carl Albert denounces President Ford’s five per cent surcharge as unpassable. He calls the plan gimmickry and says Congress will not approve a levy that hits $15,000 earners harder than $250,000. Albert warns the bill will fail in committee and will not reach the floor.

MENTIONED IN THIS ARTICLE

Tulsa Okla House Carl Albert Ford Congress Albert D-Okla Dill Oklahoma City Simon America
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Simon Says 5 Percent Surtax Essential in Tax Plan

AP reports William Simon defends a 5 percent surtax on high earners and corporations to fund unemployment relief and investment credits as Congress doubts passage. He warns inflation is the bigger threat while Canada signals easier cuts in oil exports to U S amid rising domestic demand.

MENTIONED IN THIS ARTICLE

New York Treasury William E. Simon Simon Financial World Washington Montebello Que Canada Donald Macdonald United States
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