Tax Incentives May Replace Wage-Price Guides
The White House is considering scrapping its current wage-price guidelines program next year and replacing it with a controversial new plan to give federal tax breaks to workers and firms who hold wage and price increases down.</br></br>The options are now under review by top White House economic advisers, with plans tok draft a formal proposal for the president after the November election. Specifics would be sent to Congress in January if Carter is re-elected.</br></br>Sources said the move may be proffered as part of a broad ÛÏsocial contractÛ between Carter and business and labor leaders that includes a shift away from numerical guidelines and an intensified crackdown on government regulations considered to be inflationary.</br></br>Carter already has proposed, as part of his new industrial policy, a companion AFL-CIO plan for a national committee to monitor the economy, possibly with power to waive environ-</br></br>The White House moved this year to establish a series of tripartite committeesÛÓcomprised of representatives of government, labor and managementÛÓto work out problems in the auto, steel and construction industries.