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Daily Iowan (Iowa City, Iowa), 1971-06-30

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Daily Iowan (Iowa City, Iowa), 1971-06-30 wed..... ." .... s., 1.71 .... city, lew. IU. I. c...... eta, Nixon Remains Firm On Economic Policy WASHINGTON fAIl - President Nixon toed mea ure would become fully effect. Nixon pledged in his economic mes­ ruled out Tuesday any stimulation of the Ive, Nixon said. He 8aid by then "further age to Congress In January to cut the economy with new tax cuts, coupling his stimulation would be unnecessary and In­ unem ployment rate to 4.S per cent by decision with a veto of a $5.6-billion IlatJonary. " middle 1972 A jobl rate of 4 per cent public works bill designed to create But the PreSIdent asked Congress to Is regarded by economi ts u full em­ more jobs. enact promptly an emergency employ­ ployment. In deciding to stick with his present ment act to finance creation of tempor­ "A nonn of 4 per cent 1J a myth ." economic policies , Nixon named Trea - ary public- ervlce jobs. He IU'gued the Connally saId. "It's never happened, ex­ ury Secretary John B. Connally as his job could be filled quickly and help cut cept in wartime ." chief economic spoke man, a newly unemployment. But Lawrence F. 0 Bnen, chairman of created post. The vetoed mea ure indud money the Democratic Natlon.1 Committee. Connally, a Democrat and three-time for the Appalachian Regional Commis­ . aid NIJon "ha once .gain failed the Texas governor, told newsmen Nixon sion and the Economic Development Ad­ American people with h del! Ion to feels the economy Is on Ihe right path ministration. ixon urged Congr to let the faltering naUonal economy go Its and does not need new stimulants now. approve emergency legislation promptly disastrou way and to veta once again to continue these programs, due to el· a major piece of legislation that certain­ Democrats responded by criticizing plre June 30 until permanent Ie Lalion ly does have .n imm diale [mp'ot on Nixon's decision to stay put with his can be pas ed. the crillcal unemployment situatJon." economic policies and the veto. Connally. named to the Treasury post Connally aId , however. that Nllon's Connally said that, although It will last December by Nixon, has emerged as pob bave t In molioll In expansion Vice Pre. ldent Spiro T, Agnew and Kor ..'s Premier Kim Chong II, dark suit, take time , the present 6.2 per cent unem· rid. past an honor guard after Agnew' • • rrival at the airport in Seoul Tuesd. y. 9 trong man in tile Cabinet, carl')'in, that would pick up momentum and re­ Spiro ployment rate will begin to decline ixon's ca for revenue haring. gov· duce unemployment and inflatJol IImU­ The vice· president i. in Seoul to attend President Chung Hee Park'. inaugration through the policies the President has or Thunday. - AP Wirephoto emment reorganization and a $25()-mll· ltaneously. laid out. lion loan RUarantee for Lockheed Air· The ecretary summed up Nixon's craft Corp to Congre. s Ideas about the economy this way: But pre idential pre. ecretary Ron- "He i not going to institute a wage- ald L. Ziegler said Connally', de igna· State Tax Rise and-price review board. • tlon doe not affect the roles of other "He is not going to In tltute mandatory White Hou. e economic advisers, includ­ Board 01 Regents Reduces wage·and.price conlrols. ing Paul W. {cCracken, chairman of Ups Withholding "He is not going to eek tax reduc· the Council of Economic Advl er , and tions. George Shultz, director of the OWce of "He Is not going to increase nsca] Management and Budget. spending. " Connally launched mto his new a Ign­ By SO Per Cent UI All these proposals have been mention­ ment quickly , saying the Pre ident DES WINES, 10wl III - I lowalll usial Funding, OK's Budget Mo ed within Nixon's administration and by wants It known Ihat he Is concerned will be nIcked for about 50 per ceol AMES, Iowa IA'I - The Iowa Board of boost revenues, the regents voted unan· in ways to boost the morale. Democrats as measures to cut into un­ abouL the course of the economy and more Income tax wlthh Id from Ihe4I , Regents stripped $75 ,000 apiece f ro m he HolE imously to raise rates for room, board In UNI's budget, Kamerick proposed employment and battle inflation. want to clear up confu ion about its pay in the next few week , state DI­ Ihe 1971·73 budgets of Iowa State Uni· and nursing care at the University Hos­ to reduce the university 'S faculty by 18 Nixon vetoed the public-works bill by cour.e rector of Revenu Donald Brillg nl( versity and the University of Iowa Tues­ pitals in Iowa City . poSitions and cut $81,000, about 10 per saying it "would not even make a real He aid the American people hould Tue. day. day , giving the money to the University Rates were boosted from a range of cent, of aid to students. start on delivering its implied promise" under land that Nixon's decision to wind The higher withholding result from I If Northern Iowa. $43.25 to $49.75 per day to a new range Boyd said the University 0 f Iowa of creating new jobs quickly . down the Vlelnam war has cut down on th one-third Increa in Iowa Incoml The acthn climaxed a special regents of $49.75 to $59.75. would have to "mothball" 10 buildings The President aid he was vetoing the defen. e spendin , with a con~uent 10 meeting at which the budgets of the Salarie. at the universities were the at the un iversity which house program bill because of a $2.billion section of the of job and brought more rvicemen tax rate retrQactive to la t Jan. 1 volce by the le71 legislature. hree univcrsities were approved. foc. 1 point of the meeting Tuesday. that are being discontinued or moved. measure that would set up public works home In ~arch of a place to work. It also partially reversed I,st wttIc's ISU President W. Robert Parks sai~ He proposed hiring only 60 per cent projects in localities with high unemploy­ Without uch poliCies, Connally . aid , Brig/! aid thf' higher withholding lelion of the regents' who .t that tim. he would give no salary increases to of the maintenance staff that would be ment rates. the unemployment rate now would be 55 rate probably would 0 into effect thil look nearly $1 million from tftt UNI faculty members except to about five normally required to maintain severat A similar law approved in 1962 indicat­ pcr crnt IOstplld of the U per cent that week for employes 01 about 200 ot ludget and divided It between the oth. per cent of faculty members who are new university buildings, and at the ed an IS·month lime lag before the ve- prevailed m April. Iowa's largest firm" but will be dellY· ., twa universities. promoted in academic ranks, for in­ same time reducing maintenance in ed two or thr e weeks for employe 01 The regeilt3 made the transfer back stance from instructor to assistant pro­ other I!niversity buildings. the 60,000 oth r ompanie In the state. 10 UNI Tuesday after UNI President fessor. He said many po$ition, which Ire VI' He aid th new wlthholdln schedu)( John Kamerick said there would be no Among ISU's non-academic employes, clint won't be filled and existing em· Is d igned so that quite 8 number 01 salary increases for anyone without said Parks, raises of "not more than 3 ployes will have to increase their work· Paper Allowed to Print people will owe no additlnnal taxt nf!J(1 I nore money than the board had given per cent" would go to employes who load. f.ll. lis institution last week. now make less than $6,500 annually . There was almost no OPPOSition from l But he said the approximal Iy 225 ,()t) The presidents of the other universi­ Those who now earn that much or Parks and Boyd to the suggestion to re­ Jowan who have had to com up will aes said they could give some salary more, he said , would get no raises. allocate $150,000 to UNI. IPentagon War Series additional tne h year may b well d by around 75 ,000 becu or th boosts with budgets approved at last Parks said the non-academic raises Boyd said the University of Iowa had WASHINGTON (A'! - The Justice De­ Justice officials had "looked" at the Ir­ week 's meeting and said those boosts would be "less than the cost of living" provided salary raises by "bleeding" higher tu rate . partment aid Tuesday that It will not liclt's, Hughe said: Brlgg said the wllhholdinll rat \ II wouldn't be jeopardized by Tuesday's but represent the university's "human· department budgets, which UNI hadn 't "[ would like to categorically deny action. try to bar further publicat ion of a ser­ be adju ed downI\'ud aABin nexl Jan . t itarian desire" to help these employes done. that any of the material in the po e­ Kamerick said after Tuesday's meet­ "in their battle against the rising cost And Parks .aid to Ka merick: "It'a ise of articles in the Christian Science but his d partm nl I '( yet ur h ~ sian of the Monitor, or any portions of much. Ing that almost all of the $150,000 giv­ of living." hard for me to $It how you couldn't Monitor which the newspaper ays Is the stories that we are about to publish, en to UNI would go into salary boosts At the Univers ity of towa, the situa­ find " enough money to give some •• 1· The higher withboldlnll rat thl y \ based on the secret Pentagon papers.
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