Solons OK Kennedy's Proposal for Tax Relief
Washington reports a do it yourself tax cutting kit will save American corporations and individuals up to 13 billion dollars in nine months. Kennedy the president says the relief will spur jobs and investment. Congress approved the bill providing up to seven dollar cuts per 100 spent on equipment with retroactive effect and broad business deductions remain for entertaining and other expenses.
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Washington
UPT
Kennedy
Congress
Treasury
Congressional
Strike Against Firm Cancelled
The International Association of Machinists called off a strike against two Aerojet General Corporation plants in California and Cape Canaveral. A preliminary understanding was reached in talks before the Federal Mediation Service, with work to resume immediately. The move followed a presidential commission urging postponement in the national interest. Secretaries Wirtz and McNamara had urged delay to protect the space program.
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Washington
UPI
International Association of Machinists
Aerojet General Corporation
California
Cape Canaveral
TAM
Aerojet
Federal Mediation Service
Facil- Mas
Aerniet
Sec. of Labor
W. Willard Wirtz
Sec. of Defense
Robert S. McNamara
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