Long Recession Threatens Social Security Benefit Payments
The Social Security trustees warn Congress that a prolonged recession could delay benefits in 1983. Without interfund borrowing, Old Age and Survivors Insurance could fail by 1981 or 1982. They outline three economic scenarios and urge maintaining the 1981 payroll tax increase.
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Law School Deans Aid Anderson Campaign Effort
Washington AP John B. Anderson enlists deans from Yale Columbia Miami and Berkeley to press legal cases for ballot access He plans to appear in Columbus Ohio federal court on June 16 to seek his name on the ballot Anderson foresees a courtroom fight against the two party election law advantage MITchell Rogovin CIA attorney hired to back Anderson expects state ballot battles and a nationwide ballot presence
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Corporate Taxes May Balance Federal Budget
Washington AP report says the House Ways and Means Committee backs a 4.2 billion tax rise mainly on large corporations to aid the 1981 budget balance. It also approved an emergency spending bill growing from 15 to 16.5 billion for refugee aid disaster relief and other programs, including 50 million to rebuild the Sunshine Skyway bridge and 784 million for Mount St Helens disaster repairs.
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