Reagan tax cuts may move fast through Congress
Two Republican lawmakers and Senator Conable say President Reagan can push major pieces of his economic program through Congress quickly due to strong public support. Conable notes retroactivity to Jan. 1 is possible, but speed of action will affect that.
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Washington
UPI
Reagan
Congress
Barber Conable
R-N.y
House
Ways and Means Committee
Conable
CBS
Face
Kemp
America
Kemp and McClure back Reagan on budget plan
Rep Jack Kemp and Sen James A McClure say Reagan can push his economic program through Congress. In interviews they warn Democrats and Republicans alike to support a Rooseveltian approach, noting potential cooperation if the public mood stays favorable and warning against overstating the calamity while inflation remains high.
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Jack Kemp
F-N.y
James A. McClure
Idaho
Reagan
NBC
Meet the Press
McClure
Congress
Kemp
Conable
US News & World Report
Rhodes Seeks Reagan Cure as Ohio Budget Flagging
Gov. James A Rhodes pins hopes on President Reagan to fix the economy while Ohio’s 1981 budget forecasts slow growth higher unemployment and stubborn inflation. The outlook notes divergent views among economists about the near term and warns 1981 recession signals a prolonged period of sluggish growth for Western nations. William C. Keip directs the budget briefing to the General Assembly.
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Columbus
James A Rhodes
Ronald Reagan
Accompan Rhodes
General Assembly
Office of Budget and Management
Ohio
Keip
Chrysler costs to be 800 dollars lower per car
Detroit based report notes federal loans and worker supplier concessions could cut Chrysler production costs by 800 to 850 dollars per vehicle by 1982, giving a potential edge over Ford and GM. Savings depend on output, workforce, and supplier terms amid a challenged industry climate.
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Chrysler
Detroit
UPI
Chrysler Corp
U.S
Detroit Free Press
Ford Motor Co
General Motors Corp
Chrysler Long
Ford
Chrysler Loan Guarantee Board
Howard Young
Fraser
UAW
Dow climbs as Morgan Guaranty Bank cuts prime rate to 19 percent
Stocks rose with the Dow gaining 316 points to 10 955.46 as Morgan Guaranty Bank lowered its prime lending rate to 19 percent the lowest in two months. Volume favored advances over declines on the NYSE amid general optimism. Heavy cattle and hog markets showed gains with slaughter cattle and dairy prices lifting livestock values in a brisk bid week.
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New York
Morgan Guaranty Bank
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