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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