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Ford defends surtax plan amid inflation fight
President Ford urged congressional support for a 5 percent surcharge on income taxes claiming it would cut inflation meaningfully next year. He cited examples showing the net impact on families while arguing the tax would not erode purchasing power. Ford criticized critics and highlighted budget cuts to fund homebuilding and inflation relief programs.
MENTIONED IN THIS ARTICLE
William Broom
Washington
Ford
White House Rose Garden
House
Ways and Means
Capitol Hill
Treasury
William E. Simon
Boston
Congress
Richard M. Nixon
Simon
Ways and Means Committee
Nixon
Betty
Nelson A. Rockefeller
Henry A. Kissinger
New York
Luis Echeverria Alvarez
Leonid Brezhnev
London
Brezhnev