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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 30, 1969
Page
3
Mary Williams of Philadelphia, 44, suffered two burglaries and a purse snatching. A robber entered Wednesday night, removed her outer clothing, and took 375 dollars from a girdle pocket sewn into her dress. The incident follows prior burglaries and a purse snatching targeting Williams.
The Commerce Department reports 1968 exports at 33.8 billion and imports 33.2 billion, a 726 million surplus the smallest since the 1937 depression. Assistant secretary Chartener cautions 1969 should improve but not reach the earlier 3 to 4 billion surpluses. causes include rising import demand and prosperity driven purchases abroad.
Washington lawmakers debate a proposal by the Committee for Economic Development to grant the president authority to raise or lower taxes by up to 10 percent with congressional veto. The plan aims for a fast, simple tool to dampen inflation or counter a recession while preserving overall tax structure. A standby surtax could vary or be zeroed, or turned into a tax cut, under criteria tied to employment, prices, growth, and international payments.
Washington hears from the House Ways and Means Committee on tax reform plans starting with an inquiry into potential abuses by tax exempt foundations. The panel will also study capital gains the 7 percent plant investment credit estate and gift taxes tax free bonds and personal deductions. Chairman Wilbur Mills of Arkansas cautioned a comprehensive reform bill is unlikely to pass this year.
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