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No Tax Cut Sighted Yet in Eisenhower Plan Talks
President Eisenhower and economic advisers weighed remedies for the recession but delayed any tax cut. Treasury Secretary Anderson said no decision on taxes has been made while monitoring current developments and consulting with congressional leaders. AFL-CIO leader Walter Reuther urged immediate steps including a tax cut, expanded public works, and higher unemployment benefits, proposing a temporary suspension of withholding to boost purchasing power. Senate action favored accelerating civil construction projects already funded, as unemployment figures were released. opposition questioned reliance on pump priming.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Secretary of the Treasury
Anderson
Walter Reuther
Afl-Cio
United Auto Workers
Reuther
Efits
Atel
Senate
Congress
Sen
Lyndon Johnson
Texas
Sen. Cotten
R-Ni
Cantral