Nixon aides deny plan for tax hike amid debt raise
Connally and Shultz said the Nixon administration does not yet plan to seek new taxes despite deficits and a proposal to raise the debt ceiling from 430 billion to 480 billion. They warned against assuming an inevitable tax increase while noting revenue shortfalls from lower growth and income taxes. Connally indicated another borrowing limit rise may come in about a year.
MENTIONED IN THIS ARTICLE
Washington Ah
Nixon
House
Ways and Means Committee
Connally
Shultz
U S bombers pound 200 mile Red buildup in Vietnam
U S B52s pounded a 200 mile stretch along South Vietnam's western border from the DMZ to the central highlands. More than 5 tons of explosives hit North Vietnamese positions as Gen Westmoreland warned of a multiphase offensive next month. South Vietnamese air units claimed several enemy tanks destroyed near Kontum while DMZ clashes and rocket fire continued.
MENTIONED IN THIS ARTICLE
Saigon
South Vietnam
Demilitarized Zone
Central Highlands
America
A Shau
Montum
William C. Westmoreland
U.S. Army
North Vietnam
Kontum
Dmz
U.S
Quang Tri Province
Ho Chi Minh Trail
A Shau Valley
Khe Sang
Defense
Melvin R. Laird
Washington
Vietnam
US. Command
Nilson
Nixon
Tn Vientiane
Luang Prabang
Laotian Defense Ministry
Britain to Recognize Bangladesh As Commonwealth Ties Reassessed
London plans to recognize the new nation of Bangladesh in the near future. Foreign Secretary Alec Douglas-Home said Britain regrets Pakistan’s decision to quit the Commonwealth. He stressed recognition would not be hostile to Pakistan and aims to reconcile parties for closer subcontinent ties.
MENTIONED IN THIS ARTICLE
London
Alec Douglass Home
Britain
Bangladesh
House of Commons
Zulfikar Ali Bhutto
Pakistan
Commonwealth
Itelf
Douglas-lome
Bhutto
Australia
New Zealand
New Zeal
Douglas-Home
Subcontinent
Also Mentioned on This Page
Patricia Kowalewski
Philadelphia
Henry Kowalewski
Secretary of the ‘Treasury
John B. Connally
George P. Shulty
Ansell
Ed's
Downey
Paramount
Imperial
Los Angeles
Westwood Blvd
Olympic
Garden Grove
Garden Grove Blvd
Braakhurst
Westmoreland
Jones
Fifth ST
Long Beach
Edison
Southern California Edison
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