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Middletown Journal in Middletown, Ohio

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Newspaper

Middletown Journal

Location

Middletown, Ohio, United States of America

Date

Jan 30, 1973

Page

5

Nixon Budget Proposes Tightening Steps On Fiscal 1974

The Nixon administration seeks a 1974 budget of 268.7 billion dollars with about a 12 billion dollar deficit. Economists differ, with some saying the plan doesn't go far enough to curb inflation while others praise the move toward restraint and reduced government spending.

New York Nixon James O'Leary U.S. Trust Co O’leary O'Leary Federal Reserve Fed Albert T. Sommers Conference Board Eliot Janeway William Wolman Argus Research Richard W. Everett Chase Manhattan Bank

Nixon Budget Proposes Two Tax Breaks for Parents and Self Employed

President Nixon outlines a budget with two $300 million tax breaks not raising taxes. A credit for parents of pupils in nonpublic schools and a higher deductible contribution for self employed retirement plans. Income limits: $18,000 AGI under Nixon plan. $25,000 under pending bill.

Washington Nixon Congress

Also Mentioned on This Page

John Dorfman AP Business Associated Press Paul Samuelson Samuelson Office Outfitters Delaies Ts N. Main ST Treasury Ma’ Ao Sunthru S. Breiel Blvd Shopping Plaza OM Cate
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