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JFK new tax plan
When John F Kennedy is elected president he plans to use US tax dollars for the race to space. This made some people happy, and some people upset -
Minimum Wage goes up
Minimum wage rises from $1 an hour to $1.25 an hour. Making people all across the country very happy, and very confident the economy is headed in the right direction. -
War on poverty
In President Lyndon Johnson’s first inaugural address, a little over a month after assuming the presidency, he declares war on poverty and outlines an ambitious domestic agenda aimed at reducing unemployment, increasing support for education and job training, and expanding public services for the poor. -
Tax slash
President Lyndon Johnson signs the Tax Reduction Act lowering income tax rates from a range of 20-91% to 14-70%. Corporate rates are reduced from 52% to 48%. -
Jobs bill
President Lyndon Johnson signs the Economic Opportunity Act, one of the centerpieces of his domestic agenda. In order to combat unemployment and poverty, the act allocates funds for job training, adult education, and loans to small businesses. VISTA, the Job Corps, and Head Start are also administered by the Office of Economic Opportunity. -
Transit Bill
President Lyndon Johnson signs the Urban Mass Transit Act allocating $375 million for the construction of urban transit systems. -
Minimum wage increase
The minimum wage is raised in stages from its current $1.25 per hour to $1.60 by February 1968. -
Low-income housing bill
President Lyndon Johnson signs into law a housing act allocating more than $5 billion to meet the housing needs of low-income families. The bill finances the construction or renovation of 1.7 million units and provides subsidies for housing purchases and rentals. -
Creation of medicare and medicaid
President Lyndon Johnson signs the bill creating Medicare, a national health insurance program for the elderly. Companion legislation creates Medicaid, providing health care for people on welfare. Later, Medicaid will be broadened into a more comprehensive program financing health care for low-income persons. -
Nixon wins presidency
Republican candidate Richard Nixon is elected president of the United States. In defeating Democrat Hubert Humphrey, Lyndon Johnson’s vice president, Nixon wins 43.4 % of the popular vote and 302 Electoral College votes. Humphrey receives 42.7% of the popular vote and 191 Electoral College votes. Former Alabama Governor George Wallace receives one Electoral College vote.
