08 Jun 1962
Page 1
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Newspaper
Portsmouth Times
Location
Portsmouth, Ohio, United States of America
Date
Jun 08, 1962
Page
1
President Kennedy proposes a tax cut to boost take home pay and consumer purchases with an estimated five billion in net relief. The plan features rate reductions for individuals and corporations, offset by closing loopholes and reforming deductions.
The Kennedy administration has been vague about the economic and military aid it provides to South Vietnam. Since Kennedy took office about $2 billion has been spent, with roughly 6,000 military personnel and varied equipment including 60 helicopters. Details on troops and gear remain classified as a military secret.
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