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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Feb 18, 1981
Page
1
County attorney informs council that the Aiken budgets must balance in fact and on paper by reallocating unused funds to short accounts. Council chairs say a 2 to 3 percent saving could yield a year end surplus and a balanced budget.
General Motors and Ford Motor Co. have entered the price war triggered by Chrysler. GM offers $500 or $700 rebates on selected models through March 19, while Ford posts a 10 percent base price rebate on certain models through March 21. Ford also offers $600 to $1,000 on some leftover 1980 models.
North Augusta Rotary Club Valentine party featured gifts from members including Dick Miley who planned a broom but chose socks for his wife after noting a broom could be a lethal weapon. Bob Lemon received a kiss from Vic Davis’ wife after presenting Bugles as a favored snack.
President Reagan plans a 28.7 percent federal income tax cut pending Congress action. A family of four earning 20000 would save 1456 over four years, with yearly rises to 578 in 1984. The plan includes a 6.4 billion cut this year and 44.2 billion next year plus a possible second bill to index rates against inflation.
President Reagan will address Congress and the nation urging immediate action on the economy. He is expected to propose about 6 billion dollars in budget cuts this year and 41 to 44 billion dollars for 1982, part of supply side economics pairing tax cuts with spending cuts to curb inflation and spur growth.
The Aiken County Council passed an emergency one reading ordinance to regulate precious metals dealers. It requires daily transaction logs with buyer details and item identifiers, seven day storage, age restrictions, and a $10,000 bond per involved individual. Logs go to the sheriff, and sales to under 18 are banned.
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