Irving R Levine and Paul Duke report and discuss the proposals stated by U.S. President on economic problems.
Washington DC USA Date:1971, August 15 Duration:11 min 1 sec Sound:Yes
Analysis following Richard Nixon's speech on economy crisis from Washington DC, United States. Reporter discusses the speech with journalists Irving.R.levine and Paul Duke. Group reviews the proposal of President Nixon to end unemployment and economy crisis. The proposals to end unemployment by Nixon are 90 day wage-price freeze, additional action on wages and prices, temporary suspension of full convertibility of dollar into gold, investment of tax credit, temporary surcharge of 10% imports, repeal of excise tax on automobiles, speeding of personal tax exemption to get more money in pocket and reduction of federal expenditure. Journalists Irving and Paul Duke also question why the President made the proposal now when the graph of dollar and unemployment begins to fall after sitting on President's seat for two years.
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