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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
May 14, 1972
Page
2
Amid easing inflation and rising take home pay, Phase 2 of Nixon's wage price controls, begun Nov 14 1971, appears behind schedule but US economy shows signs of resilience. Wages, prices, unemployment, and consumer demand shift as policy adjustments ripple through private nonfarm sectors.
President Nixon will not ask Congress for broad tax reforms during the 1972 election year. Chief adviser Ehrlichman cited political timing, while noting Democrats push reforms. He criticized “phony tax facts” but said taxes should be debated in the campaign, calling Nixon a taxpayers’ friend.
Gov. Nelson Rockefeller vetoed a bill repealing New York's abortion reform, saying it would condemn hundreds of thousands to a dark age. The measure, backed by GOP Senator James Donovan, passed the Senate by two votes four days earlier. The veto comes amid pressure from President Nixon and Catholic groups urging repeal.
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