July 1979
National Review;7/6/1979, Vol. 31 Issue 27, p838
This article comments on issues and events related to U.S. government and politics and international relations. "Fortune" magazine reports some of the positive effects of the passage of Proposition 13 on California's economy. Proposition 13 cut property taxes in the state. Some of the positive economic impact of Proposition 13 include increase in personal income by 14%, increase in consumer spending and retail sales by 14% and creation of more than half a million jobs in the private sector. President Jimmy Carter has appointed Thomas J. Watson Jr. as ambassador to the Soviet Union.


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