Congress Seeks Action to Curb Inflation in New Plan
President Nixon and congressional Democrats push job growth as central goal. Proposals include 10 percent tax relief for capital investments in machinery, an extra $50 exemption, repeal of auto excise tax, and incentives for research. Democrats explore revenue sharing and welfare tweaks to expand employment, while supporting wage price controls. Mansfield and Byrd praise bipartisanship as measures move to Congress.
MENTIONED IN THIS ARTICLE
Grace Bassett
Washington
Congress
Nixon
Falion
House’ Ways and Means
Wilbur Mills
D-Ari
Senate
Mike Mansfield
Robert C. Byrd
D-W
Economic Effect Outlined In Nixon Price Freeze Policy
Washington reports outline a broad set of effects from Nixon administration price and tax measures. Taxpayers face faster withholding changes and higher exemptions. shoppers may notice little price change for weeks. car buyers expect an average $20 drop if tax repeal passes. Bankers, workers, tourists, and farmers all see shifts in rates, incomes, and duties with potential fines for violators and a focus on voluntary compliance during the 30 day freeze.
MENTIONED IN THIS ARTICLE
Washington
UPI
Nixon
Jf Congress
U.S
Congress
U S Must Be Flexible Says OAS Study
Washington AP reports an Organization of American States study urges the United States to blend realism with capitalism when assisting South American nations. After ten years of the Alliance for Progress, the study argues a single uniform strategy is impossible and unsuitable for all countries in the region.
MENTIONED IN THIS ARTICLE
Washington
United States
Organization of American States
Alliance For Progress
Soviet Tass mocks Nixon on dollar crisis claim
The Soviet news agency Tass dismissed Nixon on Sunday night as stating the dollar crisis has no link to U S economic strength. Tass called the crisis a reflection of deep American capitalism and said policy shifts would hurt workers while aiding monopolies.
MENTIONED IN THIS ARTICLE
Moscow
Tass
United States
Nixon
Save Your Hair Plan Promises Quick Regrowth Advice
An advertisement from National Hair Experts promotes the Save Your Hair Plan offering free scalp checks at Gibbs Building in Dallas. The notice claims most balding men delay treatment, promises months of improvement, and urges visits to their office for a thorough hair and scalp examination with no obligation.
MENTIONED IN THIS ARTICLE
United
Dandrutt
Bat
Dody
Gibbs
Uair
Alamo
Houston Ste
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Fredeicessute- ED
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Dorit
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