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Newspaper
Lompoc Record
Location
Lompoc, California, United States of America
Date
Jun 21, 1973
Page
4
Assembly Speaker Bob Moretti says California will not need a tax increase over the next five years and hints at possible tax cuts. He presses his gubernatorial bid against Reagan while a tax limitation ballot looms and reforms draw debate.
The Commerce Department reports a first quarter 1973 balance of payments deficit of 1.2 billion dollars, a 300 million improvement from late 1972. Improvements stem from the elimination of the goods and services deficit and a drop in the trade gap.
A legislative survey shows Los Angeles County drug prices vary up to 173 per cent between stores. Assembly Speaker Bob Moretti says consumers could cut their drug bills in half with price awareness, estimating a $60 million yearly saving in the county. He criticizes the system as chaotic and driven by traffic rather than value.
California farm workers unemployment bill AB255 advances from Ways and Means on a 12 to 3 vote. Gov Reagan vetoed similar measure last year, urging federal action, while Assemblyman Fenton argues federal relief unlikely. Other provisions include drug price posting and advertising bans.
Day in Sacramento reports Governor receives bronze tribute for his role in California Water Project. Senate advances bond measure SB678 to help cities fund electrical plants while tax and welfare issues face varied committee actions.
The FDA proposed a strong label warning for female deodorant sprays and stated there are no medical or hygienic benefits. Alberto Culver Co said it would comply with regulations but denied claiming medical usefulness and saw no need to reformulate the product.
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