Dillon Says Tax Cut Vital to Stability
Dillon told 100 corporate executives at the Autumn Business Council meeting in Hot Springs Virginia that the postwar recession pattern cannot be cured without a tax cut. He cited the $11 billion tax bill before the Senate Finance Committee and said it would raise after tax profitability on new investment by about 35 percent, while warning about inflationary pressures and price rises. Senator Smathers warned that without tax relief a 1964 recession is likely, citing housing auto sales and defense spending as ongoing upswing drivers.
MENTIONED IN THIS ARTICLE
Hot Springs
The
Treasury
Douglas
Dillon
Senate Finance Committee
Harold Wilson
Britain
Lother Industries
Manchester
Bree Dillon
Washington
George Smathers
D-Fia
Council
Smathers
White House
Pierce Salinger
Korth
Kennedy
Salinger
Bethesda Naval Medical Center
Kennedy warns of more crises as Cold War tensions persist
President Kennedy in a campus address warns that more crises lie ahead and urges readiness to defend while pursuing peace. He contrasts his stance with Goldwater, cites past East West tensions, and endorses limited nuclear test ban, space weapon ban, and wheat deals. Kennedy flies over Passamaquoddy tidal project site with Muskie and Smith to spotlight bipartisan energy plans.
MENTIONED IN THIS ARTICLE
New England
Kennedy
Goldwaters
Boston
Lane
Cuba
United States
Goldwater
Naj
Canada
Passamaquaddy
Maine
Edmund $. Muskie
Margaret Chase Smith
Muskie
Mrs Smith
Cadet Cupid Controversy Draws City Hall Into Dating Plan
Chicago drama over a dance for Army and Air Force cadets spurred complaints from two 8 year old secretaries who said working girls were barred. Col. Reilly, mayoral aide, defended the plan as a large turnout required, while protests reached the White House as applicants, including Susan Benedetti and Jeanine DAngelo, sought equal treatment.
MENTIONED IN THIS ARTICLE
Chicago
City Hall
White House
Susan Benedetti
Benedetti
Reilly
Jeanine D'Angelo
Foreign Aid Backers Brace for Floor Fight
Washington supporters push for Senate floor debate on a 4.2 billion foreign aid measure. The Foreign Relations Committee restored about 700 million of cuts from Kennedy’s request, but the bill remains 400 million short and carries administration-unwelcome restrictions. Debate set for March 28 with further cuts possible on the floor. The committee also approved higher interest rates on soft long term development loans as proposed by Lausche and Mundt.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate
Kennedy
J. William Fulbright
D-Ark
Foreign Relations Committee
John J. Sparkman
Dala
Frank Lausche
Ohio
Karl E. Mundt
R- 5D
Phone Strike Shows Strife Over General Dynamics Negotiations
Union and company talks over wage, arbitration broken at 10:30 p.m. Friday amid a strike by Local 9571, with about 1,500 workers picketing General Telephone installations in Long Beach and surrounding cities. The dispute includes wage demands, fringe benefits, and a halt on automation plans amid broader concerns linked to the TFX contract and defense funding.
MENTIONED IN THIS ARTICLE
The
Iompany
Federal Mediation Service
CWA
General Telephone Co
International Brotherhood of Electrical Workers
Tampa
Fla
9571
General Telephone
Long Beach Lakewood
Westminster
Laguna Beach
Signal Hill
Seal Beach
Huntington Beach
Douglas Aircraft
Long Beach Naval Shipyard
General
Long Beach
Bell System
General J Telephone
Sullivan
Company J
McClellan
Coffeyville
Kan
Korth
Sen. McClellan
General Dynamics
Boeing Co
Seattle
Wash
Géneral Dynamics
Fort Worth
U S Ship Costs Snag Grain Deal
Washington reports a multimillion dollar grain sale to the Soviet Union may be blocked by high U S shipping costs. The Commerce Department will require ships provided by U S and allied vessels and set guidelines for fair rates to move the wheat under export licenses. Preliminary talks on a related Hungary sale reportedly collapsed due to elevated U S shipping rates.
MENTIONED IN THIS ARTICLE
Washington
UPI
Soviet Union
U. S
Ui. S
Russia
Department
U.S
Commerce Department
Maritime Administration
Hungary
Lord Home Forms New Regime
A political note discusses Lord Home forming a new regime and advancing a plan to secure a 2 seat in the House of Commons via a quick special election, with the aim of ensuring victory through strategic moves.
MENTIONED IN THIS ARTICLE
Lord Home
House of Commons
Hely
Forty Women Stricken by Food Poisoning at Plant
Forty women rushed to Vanderbilt University Hospital after box suppers at an electronics firm caused illness. Doctors said food poisoning suspected with six released after treatment. Suppers included minute steaks green beans potato salad macaroni and cheese and assorted pies.
MENTIONED IN THIS ARTICLE
Nashville
Tenn
Vanderbilt University Hospital
Jesselton
Malaysia
UPI
North Borneo
Sebatik
Georgia
Brunswick
Ori
Indonesia
Julius D. Hope
Jakarta
Subandrio
Association For the Advancedn
Helday
W. H. Watson
Barber
C. J. Blacker
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London
Wilson
East
Lord Homes
Withholding and Corporation
House of Lords
Home
I Laborites
Butler
Mandling
Marquess of Salisbury
Friday
Macmillan
Maudling
Lord Hailsham
Asl
Homie
JFK
Cupid
Col
Jack Reilly
Richard J. Daley
Miss Benedetti
West Point
Air Force Academy
Col. Reilly
William Arnnold
Lake Forest
Zily Hall
House
Ust
Wayne Morse
Ore
Eorth
Ion
Mans
Amit
Lowco General Dynamics
Iwhite House
Pentagon
Wave
Justice Department
Administration
Fred
Washington Evening Star
Star
Stocies
Ricej
Koeth
al Texas
Crand
Secretary of Defense
Robert McNamara
Pacific
Bell) Telephone & Telegraph Co
Los Angeles
Atty
Robert F. Kennedy
John L McClellan
Senate Investigations Subcommittee
General Dynamics Corp
Fort Jworth Tew
Ene
TEX
Preas Wifeohate
Ord
Waikai
Pine Avenue
Cal
Yeller En) Ab
Association
Mania
Mat
T. A. Gregory
Beard
Elm ST
Tina Fm
Great Western Eamibit Center
A· Roy