POLICY: Shifting Gears to Fight Recession

After months of deliberation, President Ford seemed ready last week to face up to the threat of a deepening downturn with a more expansive economic policy. No announcements have yet been made, but it is now all but certain that the President will seek a tax cut in his State of the Union message later this month. In addition, the Administration has also apparently given up on trying to cut the budget in an attempt to quell inflation. That decision alone, tentatively taken after two days of intensive discussions between Ford and...

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