Teetering on a Knife’s Edge

Yanek Mieczkowski

in Gerald Ford and the Challenges of the 1970s

Published by University Press of Kentucky

Published in print April 2005 | ISBN: 9780813123493
Published online September 2011 | e-ISBN: 9780813134956 | DOI:
Teetering on a Knife’s Edge

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This chapter examines the details of former U.S. President Gerald Ford's proposals for reducing inflation developed in coordination with the EPB and his newly created Council on Wage and Price Stability (CWPS). These include laws against price fixing, the imposition of a surtax, a limitation of spending for the fiscal year 1975 to $300, and increasing business investment tax credit. This chapter discusses the Democratic Congress' reactions to Ford's proposals.

Keywords: Gerald Ford; inflation; EPB; CWPS; anti-price fixing; surtax; investment tax credit; Democratic Congress

Chapter.  5237 words. 

Subjects: History of the Americas

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