Tax Cut Due!-President Outlines Plans to Congress (Universal Newsreel, Jan 1963)

Description

The original release sheet reads: TAX CUT DUE!-PRESIDENT OUTLINES PLANS TO CONGRESS In his state of the union message to congress, President Kennedy calls for an eleven million dollar tax cut for individual tax payers. He wants individual taxe rates cut from present 20% to 91% to a range of 14% to 65%. He says the recession is behind us. Warns to be cautious about the rift between red China and the Soviet Union. NUCLEAR POWER: TWO NEW SUBS LAUNCHED Added might for uncle sam's deterrent power as two more nuclear powered submarines join the fleet. The "John Adams" is launched at Portsmouth, New Hampshire, while the "Nathan Hale" goes into the water at Groton, Connecticut. The new subs will fire the advanced A-three Polaris missile. SHIP AHOY! MOTOR BOAT SHOW HINTS OF SPRING Some people look for the first robin while others figure that when the motor boat show opens in New York-spring can't be far away. You can buy a boat from $99.00 up-mostly up. The majority of the people just look-and dream... SPORTS BRUCE KIDD SHINES AT K OF C MEET The Knights of Columbus track meet in Boston is highlighted by the performance of University of Toronto ace, Bruce Kidd, who wins the two miler in 8 minutes, 43 seconds. He deomonstrates how to succeed at distance running without half-trying.

Collection

MCA/Universal Pictures Collection

Series

Motion Picture Releases of the Universal Newsreel Library