Business: Carter's Plan for U.S. Industry

An election-year program of revitalized competition and tax cuts for 1981

Throughout the 1970s, the United States' position as the world's industrial powerhouse slowly diminished. Aging, inefficient factories and low productivity have made the nation less and less competitive in world markets. Now, business, labor, academic and government leaders are calling for the rebuilding of industry, a process often described by the catchword industrialization.

This week, in a ceremony in the East Room of the White House, President Carter is to present to a specially invited group of legislators, economists and businessmen his reindustrialization proposals. According to Presidential Press Secretary Jody Powell, the...

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