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Johnson calls for tax cut as stock market hits high
President Johnson urged Congress to pass a tax cut to sustain economic momentum while proposing a budget cut to 97.9 billion and reducing the deficit to 4.9 billion. Business leaders welcomed the plan, but some questioned the impact of a 1 billion war on poverty program. Retail leaders predicted strong 1964 sales despite profit concerns.
MENTIONED IN THIS ARTICLE
OAK
Johnson
Congress
Wall ‘Street
Stuart Saunders
The
Pennsylvania Railroad
Charles M. Béeghly
Jones & Laughlin Steel Co
Martin R. Gainsbrugh
National Industrial Conference Board
Alfred S. Glossbrenner
Youngstown Sheet & Tube Co
National Retail Merchants Association
New York
Malcolm P. McNair
Harvard Graduate School of Business
Nair
Census Bureau