Fresh charges on cost overruns in Air Force C5A program
Sen. Proxmire accuses the Air Force of hiding rising costs on the Lockheed C5A cargo aircraft. He cites a jump from $4.6 billion to $4.9 billion, with per aircraft estimates climbing from $28 million to $80 million. He calls for tighter Pentagon scrutiny and cuts to a pending military procurement bill.
MENTIONED IN THIS ARTICLE
Washington
Air Force
Caa
William Pegsmire
D-Wis
Congress
Lockheed Aircraft Corp
Proxmire
CSA
A Force
Lockheed
Ve Proxmire
Pentagon
General opposes 1973 volunteer army deadline
Washington report says Lt General Forsythe warns the Nixon administration cannot meet the mid 1973 target for a volunteer force under current conditions. Senator Stennis notes volunteers since the draft ended are few but valuable, while warning most recent enlistees come from the lowest qualification tier. He doubts the draft can be phased out soon as over 40 percent of Navy and Air Force personnel are volunteers.
MENTIONED IN THIS ARTICLE
Washington
John C. Stennis
D-Miss
Draff
Penragon
George S. Forsythe
Stennis
Senate
Amy
Senate Armed Services Committee
Navy
Air Force
New Thaw for Prices and Draft Voices
Increased import prices may pass to U S consumers without violating the wage price freeze says the Cost of Living Council. Enlistment figures in July and August are cited by Senator Stennis to argue that highly qualified men would not join the Army willingly. Forsythe questions the prospect of a fully volunteer force and Pentagon overrules censorship on his remarks. Secretary Laird emphasizes need for Congress and public support to end the draft.
MENTIONED IN THIS ARTICLE
Washington Wy
Cost of Living Council
Stennis
Porsythe
Montray
U.S
Armed Forces Radio and
CY Service
Forsythe
William C. Westmoreland
Reti
Iman
Melvin &. Laird
Congress
Nixon plans flat tax credit for new business gear
Washington reports the House Ways and Means Committee shifted Nixon’s plan from a two stage investment tax credit to a sinec flat tax break for new business equipment purchases. The panel may set the rate later. the move aims to spur investment and consumer spending as part of a 9.5 billion tax cut proposal. Leonard Woodcock urged broader individual tax cuts, calling Nixon’s business tax cuts a windfall for industry. Proxmire pressed for retail price rollback amid rising gas prices and concerns over oil inventories and corporate pricing post policy.
MENTIONED IN THIS ARTICLE
Washington
Wpi
Nixo
House
Ways and Means
Leonard Woodcock
United Auto Workers
Trouse-Senate
Nixon
Also Mentioned on This Page
Owe
Department of Defense
Jerry W. Friedheim
Daniel Henkin
Secretary of Defense
Henkin
Friedheim
Millshops
John W. Byrnes
Byrnes
William Proxmire
Ite
Indir Hanes
High Administration
United States
Dahlberg
Alain
Selig
IIL
Assoc. Hearing Aid Center
Pine Ave
Long Beach
Bong Beach
Bowlstoun
Long Beach Blvd
Great Western
Belmont
Great Western Savings OF Southern
Lakewood
Santa Ana
Buena Park
Stanton
South Bay
Torrance
Hawthorne
Ball
Downey
Grange County
Windsong Enterprises
Gordon
Alexander Gordon
U.S.A
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