Time Clock, Mar. 26, 1956

TAX CUTS are out for this year, says none other than Treasury Secretary George Humphrey. Humphrey stands by the earlier estimate of a $200 million budget surplus this fiscal year, but insists that it is not enough to lower taxes.

STOCK PLAN for Chrysler's salaried employees will be tied to company profits in relation to net sales. The plan, which is otherwise similar to those at General Motors and Ford, calls for Chrysler to contribute a minimum of 40¢ for every $1 invested by salaried workers when net earnings are below 5% of net sales. If profits go over 7%, the company's...

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