Reagan Touts Three Year Tax Cuts Amid Spending Reductions
President Reagan proposed a three year income tax cut near 30 percent and rapid write offs for business equipment as part of sweeping cuts. He pledged not to touch Social Security Medicare or veterans programs while proposing defense spending increases. House and Senate leaders offered mixed reactions with Republicans urging urgency and Democrats wary of inflationary impact.
MENTIONED IN THIS ARTICLE
Baker
House
Thomas P. O’neill
Reagan
Senate
Robert C. Byrd
Jesse Helms
R-N.c
Bob Michel
Illinois
House Budget Committee
James Jones
D-Okla
Lloyd Bentsen
D-Tex
Edward M. Kennedy
D-Mass
America
Carter
Local Officials React to Federal Spending Cuts on Education
District Superintendent Ted B Willis says federal reductions may hit education funding, especially impact aid and Title I, with potential cuts not to be excessive. North Augusta officials pledge to balance the budget and absorb changes, while United Merchants foresees limited immediate impact unless business improves.
MENTIONED IN THIS ARTICLE
Ted B. Willis
Willis
Aiken County
North Augusta
Charles B. Martin
Tom Carter
United Merchants and Manufacturing Inc
United Merchants
Business Leaders Praise Reagan Economic Plans
New York AP report notes business leaders and economists call Reagan's proposed federal spending and tax cuts commendable solid and constructive. They view the plan as strong for the economy and business climate.
MENTIONED IN THIS ARTICLE
New York
Reagan
Nixon backs Reagan budget cuts at Ohio fundraiser
Former President Nixon urged Congress and the public to back Reagan's proposed budget cuts to avert economic disaster. He called the speech the most important economic address since WWII and warned that lawmakers would resist. Demonstrators outside protested Nixon as Rhodes and other Ohio GOP officials were absent. Nixon also urged strong take on foreign policy and argued Iran hostages were released to test Reagan.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Richard M. Nixon
Congress
Reagan
Nixon
James A. Rhodes
Ohio Republican Party
State Senate
Alexander M. Haig Jr
International
Iran
Reagan budget sparks mixed reactions in South Carolina
Governor Riley warns of a tremen dous impact from Reagan budget cuts but vows support for the administration. State Auditor Vaughn estimates up to 120 million dollars yearly cost to SC with 50 million from food stamp funds. Republicans urge swift action while Democrats urge caution and question tax cuts. Senator Hollings and Rep Derrick caution inflation and favor targeted tax cuts for job creation. Senator Thurmond lauds the plan and pledges Senate push.
MENTIONED IN THIS ARTICLE
Associated Press
Richard W
Dick) Riley
Reagan
South Carolina
Edgar Vaughn
Congress
Ernest F. Hollings
D-S.c
Senate Budget Committee
Butler Derrick
Hollings
Strom Thurmond
R-S.c
Senate
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Bradberry’s
Aiken
North Aiken
Assembly OF God
Sun
Lowell Haynes
Dewitt Harley
Jesus
Wew
Mrs
Valerie
Decker Bivd
Columbia SC
Aiken Standard
Aiken, S.C
Spirea Redbud
Lombardy
Poplar
White Dogwood
Forsythia
Jackson & Perkins Roses
Coward-Corley Seed Co., Inc
the Garden Center
Park Ave
Dial
Broyhill
Broyhill Basset
Drew Edixie
Berkline
Serta Burris
Esingerline-Taylor Burlington House
ODD
McAfee
Trend Line
Burlington House
Moore’s Discount Furniture
Vaucluse Road
SERTA
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