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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 11, 1971
Page
5
Washington officials outlined how price and wage controls would unwind after the freeze. They explained which sectors must report price changes, when raises take effect, and how firms with different employee counts are monitored. Exempt items and post-freeze controls were also clarified.
A reader asks which items and activities are exempt from post freeze controls including inflation bustles on collectibles, jewelry, shipping dues, and art. clarifies real estate exemptions for property with post‑improvement prices or wage hikes. confirms rents exemptions for commercial industrial and rehabilitated housing.
Washington AP Republicans on the House Banking Committee planned a counterattack to strip Democratic backed amendments limiting President Nixon's Phase 2 economic program. They target a post-freeze wage pay provision, retroactive to the freeze period, a key labor goal. Debate focuses on deleting some amendments via a committee substitute while keeping others. Some Republicans who voted with Democrats face pressure from district leaders to reverse.
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