Nixon on TV at 730 PM Two Phase 2 Economic Plan Unveiled
Washington AP reports President Nixon will outline Phase 2 economic measures on national TV at 7:30 p.m. EDT. The plan centers on wage price restraints tied to productivity, with limited profit controls and possible cost of living considerations. Government officials expect a broad program overseen by the Cost of Living Council, while labor groups seek a review board approach.
MENTIONED IN THIS ARTICLE
Washington
Nixon
White House
Cost of Living Council
Justice Department
Proxmire Pushes Repeal of Nixon Economic Freeze
Senator William Proxmire calls to repeal the Economic Stabilization Act and end Nixon’s wage and price freeze. He proposes a five member wage and price review board to govern post-freeze policy as lawmakers weigh the broader economic package including tax cuts. Senate leaders consider caucus to discuss alternatives and relief for consumers with incomes low to moderate.
MENTIONED IN THIS ARTICLE
Washington
William Proxmire
D-Wis
Congress
Nixon
Proxmire
Joint Economic Committee
Senate
Senate Starts 15.4 Billion Tax Cut Hearings
The Senate Finance Committee opened hearings on a 15.4 billion tax cut bill after House passage. Chairman Russell Long questioned if Phase 2 of the program will curb interest rates, and noted the bill favors business over individuals. Nixon hailed bipartisan backing while Long warned against excessive amendments on the Senate floor.
MENTIONED IN THIS ARTICLE
Chicago
Senate Finance Committee
House
Nixon
Senate
Washington
Russell B. Long
D-La
Treasury
John B. Connally
Long
Indi
Congress
Tax bill favors low income earners in House passage
The House passed a bill that would exempt persons at or near the poverty level from income tax next year, aiming to ease the tax burden on those with the lowest incomes. The measure centers on raising the exemption threshold to relieve financial pressure for many families.
Proxmire blasts Nixon on wage price controls and powers
Before the August 15 wage price freeze, Senator Proxmire criticized President Nixon for not using Congress granted economic-control authority. He warned that Phase 2 requires congressional action to stop the President from becoming an economic dictator, saying the current law grants sweeping powers.
MENTIONED IN THIS ARTICLE
Nixon
Proxmire
Congress
Senate
FATAL MEMORY Boy Okay After 37 Days In Wilderness
A 14-year-old boy who fled his home after accidently wounding his twin sister spent 37 days living in a wilderness area near Atlantic Beach Florida. He weighed about 80 pounds when found and later admitted the shooting. The sister died three days later. authorities said the stepfather declined to take the boy home.
MENTIONED IN THIS ARTICLE
Jacksonville
Fla
I & Juvenile
William Floyd Merrick
Atlantic Beach
Bonnie
Merrick
Lucy Farley
D. P. Green
Green
Greer
Lebanon Bank Job Mystery Ties to $100000 Raceway Theft
FBI agents searched Lebanon Raceway last night amid reports of $300 in two dollar bills tied to a May 5 robbery that jailed three men who forced Lebanon Citizens National Bank President Harold Wilson to withdraw about $110000 in raceway cash and drop it at a pickup point. Officials declined comment while investigators pursue leads.
MENTIONED IN THIS ARTICLE
Lebanon
FBI
Journal
Florida
Lebanon Citizens National Bank
Harold Wilson
Iceipw
Corwin Nixon
Fairgrounds
Nixon
Columbus
Wilson
Theat
Union Road
Longshoremen's strikes halted amid Taft-Hartley action
Federal judges ordered longshoremen to return to work for 10 days to allow hearings on extending an 80 day Taft-Hartley moratorium. West Coast docks had seen the longest regional strike, idling 15,000 workers and costing states over 1.7 billion dollars, while Chicago grain-elevator workers faced a 35 day shutdown. Proceedings targeted ports from New York to Chicago with hearings set for Friday morning in San Francisco and October 15 in Chicago.
MENTIONED IN THIS ARTICLE
Washington
West Coast
Chicago
Nixon
East
Gulf Coast
New York
San Francisco
Valley News Section Fragment Highlights Sports and Puzzles
A fragmented OCR listing shows sections labeled Sports and Television with stray hints of crossword puzzles. The readable fragments include references to deaths and local news, with partial mentions of Valley News and Women’s News.
MENTIONED IN THIS ARTICLE
Ann Londera
Dessess
Veges Sails
de Oaere
Trorone Sidiicccess
Valley News
House approves tax bill estimates for next three years
Estimates show single, married and two child filers facing varying taxes. Figures assume standard deductions of 10 percent up to 10,900 and 18 percent for 15,000 and 20,000 income levels. Read as a brief on projected levy changes.
Wholesale Prices Dip for First Time in Year
Washington AP reports wholesale prices fell for the first full month of Nixon’s wage price freeze, led by a 1.4 percent drop in wholesale food prices and a modest fall in industrial raw materials. Overall index stayed 3.2 percent above a year earlier with mixed changes across sectors.
MENTIONED IN THIS ARTICLE
Washington
Tember
Nixon
Also Mentioned on This Page
U.S
Tor
Freeze
Near West Side
William E. Merrick
Western Dockers
Christo
Colorado
Rifle Gap
Colo
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!