Government Finishing Surtax Plan Heads Toward Congress
Henry H. Fowler and Under Secretary Joseph M. Barr met with Wilbur D. Mills to discuss a possible 6 percent surcharge on income tax. A formal tax bill could reach Congress within 10 days, with Sept 1 or Oct 3 percent as potential effective dates. Officials cite a buoyant economy, rising personal income, and strong retail sales as justification despite a 4 percent unemployment rate and a RCA strike.
MENTIONED IN THIS ARTICLE
Henry H. Fowler
Joseph M. Barr
Wilbur D. Mills
D— Ark
House
Ways and Means
Mills
Fowler
Congress
Johnson
White House
Commerce Department
Uary
Fiddles Proposal Defeated in Congress Sparks Pentagon Response
The Senate Armed Services panel rejected the fast deployment logistics ships program known as FDLs, delaying 67 million already authorized. The Pentagon vowed to fight to restore the fleet, with 30 ships planned to complement C5A transports and Army airlift, under a broader rapid reaction strategy.
MENTIONED IN THIS ARTICLE
Pentagon
Air Force
Congress
Senate Armed Services Defense Subcommittee
Navy
Robert S. McNamara
Capitol
Senate
Richard B. Russell
D-Ga
Silver Currency May Be Stockpiled Soon
Washington officials report a quiet withdrawal of 90 percent silver dimes and quarters from circulation. The plan, a contingency tied to silver price changes, may stockpile coins for Christmas demand, silver certificate redemptions by June 30, and a strategic reserve of 165 million ounces.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Federal Reserve Bank
Ohio forecast steady with warm humid days and showers
The forecast shows little change from Saturday through Wednesday with highs in the 80s and lows in the 60s. Scattered afternoon or evening thundershowers total one quarter to one half inch. Tonight will be fair and mild with a mid 60s low. Saturdays sun and continued warmth. Yesterday’s high reached 83 and the midnight low 60 with 0.22 inches of rain.
MENTIONED IN THIS ARTICLE
Ohio
US Jets Down Four North Vietnamese Migs Near Hanoi Raid
American Navy Crusader jets clashed with about eight MIGs north of Haiphong. Three pilots were confirmed killed or ejected, and a probable fourth. The action followed two coastal assault operations aimed at ground forces in South Vietnam. Marines and an Army battalion landed separately near the 17th Parallel and in Long An Province as part of ongoing operations.
MENTIONED IN THIS ARTICLE
Saigon
North Vietnam
U.S. Command
South Vietnam
Haiphong
Bon Homme Richard
Tonkin Gulf
North Vietnamese
Navy
Crusader
Marion “Red” Isaacks
Redding
San Diego
Calif
Robert Kirkwood
Fall River
Mass
Ray Hubbard Jr
Poway
J.G
Philip W. Dempewolf
Bellevue
Iowa
Hubbard
U.S
Skyhawk
Ta Xa
17Th Parallel
North
Mekong Delta
Long An
Soviet diplomats stumble at the UN on Middle East
Western diplomats assess a string of Kremlin blunders at the United Nations as Soviet policies falter in the Middle East crisis. Fedorenko’s aggressive stance, Moscow’s shifting positions, and an Arab veto complicate withdrawal demands and U Thant’s role. Gromyko remains in New York seeking a face-saving formula as Israel and Egypt align on a cease-fire observer plan.
MENTIONED IN THIS ARTICLE
United Nations
N. Y
Soviet Union
Middle East
Kremlin
Nikolai T. Fedorenko
Moscow
U.N
Fedorenko
General Assembly
Security Council
United States
Alexei N. Kosygin
Andrei A. Gromyko
New York
Israel
U Thant
Suez
Egypt
Council
Three Ohioans Listed Dead In Vietnam
Washington AP reports three Ohioans were listed by the Pentagon as killed in Vietnam. Army Pfc. David A. Smith of Cleveland was killed in action. Army Pfc. Gerald A. Lupas of Willoughby died of wounds. Marine Sgt. Ernest M. Carter, with a Dayton widow, died not in hostile action. Lupas’ Willoughby address is 38859 Adkins.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
Vietnam
Army
David A. Smith
Geneva Smith
Cleveland
Gerald A. Lupas
Gustive Lupas
Willoughby
Ernest M. Carter
Dayton
Lupas
Adkins
Stock Market Remains in New York City Despite Tax Tensions
The exchange shelved a Lower Manhattan site plan after a tax hike and may await state and city approval for changes. A proposed pact would cut the tax in half over five years for non residents and cap large block trades at 550 dollars, while preserving city revenue from last year’s 160 million. The Times notes higher trading volumes could offset any loss and curb trading moved to other jurisdictions.
MENTIONED IN THIS ARTICLE
Exchange
Lower Manhattan
New
Jersey
Board of Governors
the Times
Times
Russians Seek Arab Backing for US Plan on Israel War End
The Soviet Union reportedly urged Arab nations to accept a compromise linking Israel troop withdrawal with ending the Arab state of war. Arabs led by Syria and Algeria resisted, seeking unconditional Israeli withdrawal. The UN General Assembly debated a resolution, with Western and Arab positions diverging and talks possibly extending to this weekend. Egyptian air force losses were listed as about 500, with Moscow shipping MiG23 and Sukhoi-9 fighters and other equipment to Egypt.
MENTIONED IN THIS ARTICLE
United Nations
N.Y
Soviet Union
Israel
Syria
Algeria
General Assembly
Middle East
Egypt
Jordan
Security Council
Austria
Finland
Sweden
Tel Aviv
Chuckie Salesman Urges Tax Info During TV Purchase
A salesman explains city state and federal taxes to a customer inspecting a television set. He notes the price is subject to additional charges.
Also Mentioned on This Page
Radio Corp. of America
Hanoi
Atu
Onithe Asi
Ann Landers
Dr. Crane Tee
Cee
Eens
Heloise
Theater
Valley News
Women's News
New York City
Chuckie
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