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Newspaper
Lawton Constitution
Location
Lawton, Oklahoma, United States of America
Date
Aug 16, 1971
Page
6
AP analysis outlines Nixon’s plan to fix the dollar by backing dollars with gold at 35 an ounce and letting the currency float. Bankers and industrialists see potential benefits and risks as foreign prices, deficits, and global exchange rates shift.
President Nixon outlines a three front program to create jobs curb living costs and protect the dollar. He proposes a 10 percent investment tax credit a repeal of the 7 percent auto tax and faster tax relief while cutting federal spending and delaying pay raises to curb inflation.
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