Bentsen Seeks Economic Growth as Top 1976 Issue
Sen Loyd Bentsen places jobs and steady growth as the coal to beat inflation and raise living standards in 1976. He proposes a 10 percent employment tax credit on the first 8000 of salary for hiring unemployed, a youth service, and a national job clearinghouse while urging broad budget cuts and energy policy shifts. He argues for energy independence through increased coal and solar use and a phased removal of oil and natural gas price controls. He calls for stronger allied coordination on energy and hints at a fiscally focused, economics-centered foreign policy.
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This Day In History December 18 1975 Highlights
On this date 1865 the 13th Amendment abolishing slavery was adopted. Washington began winter quarters at Valley Forge in 1777 and New Jersey ratified the Constitution in 1787.
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