Nixon Presses Voluntary Labor Accord On Wage Policy
President Nixon framed a wage and price guideline program under the Economic Stabilization Act and asked Congress to extend it. A Cabinet level Cost of Living Council would enforce rules with a voluntary cooperation ethos, while a Dividend Committee overseen by Arthur Burns would curb dividends as rates fall. Local IRS offices would police the plan, and a three-tier economy would see major firms needing prior approval for wage or price changes.
MENTIONED IN THIS ARTICLE
Living Council
Treasury
John B
Connally
Thesr
Nixon
Haj
Congress
Federal Reserve
Internal Revenue Service
IRS
Steel
Tax Break Debated by Senators on Nixon Measure
Washington AP reports two Senate critics Harris and Hartke and two more Finance Committee Democrats want to revise Nixon's tax bill. They seek a bigger personal break and propose diverting 6 billion from idle plant capacity to boost consumption and investment. The effort targets the 154 billion tax bill to favor individuals and business expansion.
MENTIONED IN THIS ARTICLE
Senate Finance Committee
House
Washington
Union
Fred R.harris
Oklaoma
Vance Hartke
Indiana
Senate
Nixon
Harris
Hartke
Not Phase II debate in postf reeze policy
Washington news service reports the administration dropped Phase II as the label for the postfreeze period of the economic program. Senators Long and Ribicoff pressed welfare reform and tax changes, while Connally urged swift tax bill passage to maintain momentum. Committee hearings on the bill begin next Tuesday with expected close within a week.
MENTIONED IN THIS ARTICLE
Washington
UPI
Bank
Nixon
Reeze Palley
White House
Hartke
Twittee
Russell B. Long
D-La
Abraham Ribbott
Secretary of the Treasury
John B. Congally
Connally
Long
Senate
Tates
Ribbott
Nic
Connaly
No Teens in October Draft Induction Planned in November and December
AUSTIN AP reports that no teens will be drafted in October while 588 will be inducted in November and December. Col Melvin Glantz says 36 percent of the November call and 195 men in December will be called. About 6,400 men will face preinduction physicals in October and November.
MENTIONED IN THIS ARTICLE
Austin
State Selective Service
Melvin Glantz
Glantz
Woman’s Wyoming Proposal Missed Event Sparks Letters to Nixon
Virginia Jones a 42 year old Woodbury New Jersey teacher and widow was among four readers who sent letters to President Nixon quoting him on wage price policy. She accepted a diamond ring from her fiancé George Krajewski, saying the proposal would have occurred while watching Nixon’s economic speech. Other letter writers were James Griffith of Wantagh New York Mrs Robert J Fuxa of Pampa Texas and William I Speers of Klamath Falls Oregon. Griffith said he supported Nixon’s approach to inflation.
MENTIONED IN THIS ARTICLE
Associated Press
Virginia Jones
Nixon
Himy
Jones
L’ Ives
Woodbury
Persoha
Hla
Nawamen
Aha
George Krajewski
Matey
Apl-Ciq
George Meary
Texas
Preston Smith
Tires
James £. Griffith
Wantagh
Robert J. Fuxa
Pampa
Tex
William I. Speers
Klamath Halle
Ore
Hin cHorta
Griffith
Alua
Vietnan
Puxa
Also Mentioned on This Page
Monterey
van Leee
Hhorth
Tema
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!