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Newspaper
The Times Herald Record
Location
Middletown, New York, United States of America
Date
Jun 08, 1962
Page
31
Edward M. Kennedy huddles with campaign lieutenants at the state Democratic convention in Springfield as he seeks the U.S. Senate nomination. The event signals the early phase of his statewide bid and builds momentum among supporters.
President Kennedy announced he will ask Congress to enact across the board cuts in personal income and corporate tax rates effective next June to spur recovery. He outlined five tax proposals including an 8 percent tax credit for new investment and revisions to depreciation guidelines to boost business cash reserves.
The Senate approved a foreign aid bill totaling 4.7 billion dollars with a partial reversal on a ban against aid to Communist satellite nations. The measure allows limited food shipments to Poland and Yugoslavia and grants Kennedy flexibility to aid these nations under set conditions.
In his column on page 53 sports editor Glenn Doty urges urgent aid for Middletown Little League as the organization faces potential collapse. He outlines the financial and participation shortages threatening the league’s future.
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