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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jul 25, 1967
Page
10
President Johnson backs a tax rise to be considered next month in what he calls the New Economics test. Analysts warn a miscalculation could hurt the economy and Johnson politically ahead of the 1968 elections.
The piece notes a notable 1964 victory when corporate and personal income taxes were lowered and revenue rose from a broadened tax base. It contrasts with Johnson economists aiming to raise revenue while cooling growth, warning inflation risks if the expansion overruns. Walter Heller praised the strategy, while Gardiner Ackley cautions against tax cuts during inflation.
Eureka California AP reports two rodeo enthusiasts were charged with riding drunk on a public highway after attending a Fortuna rodeo. Jack Erwin 69 Hydesville pleaded guilty and paid 56 dollars while Gilbert Dias 44 Petro- Ha posted 29 dollars bail.
Abigail Van Buren’s Dear Abby responses advise a lawyer review of a lease for noisy wildcat grandkids, warn neighbors about lawn mower dangers, and counsel a wife to stay home rather than travel with a husband to “save” a marriage.
The Navy named the second nuclear powered aircraft carrier for the late Fleet Adm Chester W Nimitz who led the Pacific Fleet for most of World War II The vessel is under a 40 million contract at Newport News Va with total cost estimated at 427 2 million Construction contract awarded later The Enterprise remains the only nuclear carrier built at Newport News Nimitz who died February 20 1966 at age 81 was promoted fleet admiral in 1944 and signed the Japanese surrender in Tokyo Bay.
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