Time Clock, Mar. 31, 1958

$5 BILLION TAX CUT is urged by Arthur F. Burns, former chairman of President Eisenhower's Council of Economic Advisers. He contends that an immediate tax slash for all individuals and businesses would be "clearly a sounder method of dealing with a mild recession" than a big public-works program, which would not have any "significant economic effects in the immediate future."

CHRYSLER SHAKE-UP REPORTS, buzzing in Detroit because company's output this year is off 60% and heavy first-quarter loss is expected, picked up speed when two forward-looking vice presidents quit last week: No. 4...

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