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Port Lavaca Wave in Port Lavaca, Texas

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Newspaper

Port Lavaca Wave

Location

Port Lavaca, Texas, United States of America

Date

Jan 01, 1975

Page

6

Ford shifts stance on inflation tax and recession

President Ford abandons the Oct 8 proposal for a 5 percent inflation fighting surtax, as White House aides indicate no immediate tax cut plan. He backs a $2.75 billion supplemental bill to fund two new laws expanding jobless benefits and creating over 100000 public service jobs, amid 6.5 percent unemployment and six million out of work. Ford returns to Washington from a 12 day ski trip and plans to sign the bill by Saturday deadline.

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