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Gerald Ford and the Challenges of the 1970s$
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Yanek Mieczkowski

Print publication date: 2005

Print ISBN-13: 9780813123493

Published to Kentucky Scholarship Online: September 2011

DOI: 10.5810/kentucky/9780813123493.001.0001

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Teetering on a Knife’s Edge

Teetering on a Knife’s Edge

(p.120) Chapter 7 Teetering on a Knife’s Edge
Gerald Ford and the Challenges of the 1970s

Yanek Mieczkowski

University Press of Kentucky

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

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