Tax Reduction Is Must to Assure Strong U S Economy
Experts say a late Kennedy tax cut is essential to sustain growth through 1964. If delayed, growth may slow as consumer spending and business investment falter, offsetting gains from auto sales and housing while unemployment lingers near 5.5 percent.
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Sterling F, Green
Walter W. Hel
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Youller
Mal Jprovement
Dowston
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Heller
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Living costs rise to new high in November CPI
Government figures show consumer prices up two tenths of a percent in November reaching a new high driven by higher housing and food costs. The CPI stood at 107.4 percent of the 1957-59 average, up 1.3 percent from a year earlier.
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Douglas Dillon
Labor Department
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