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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jun 28, 1987
Page
4
States raise gasoline taxes in Connecticut Mississippi Montana New Mexico and South Carolina while Indiana and Montana add income tax surcharges and flat rates. Rhode Island Vermont cut taxes. Colorado adopts a 5 percent flat income tax. Nevada Ohio and others consider tweaks as overall state tax take keeps pace with inflation.
Arkansas expands the 4 percent sales tax to include cable TV and introduces new liquor and wine taxes. Colorado lowers personal income tax to 5 percent for many, with adjustments by income level. Connecticut raises gasoline tax by one cent and removes sales tax on certain nursing home related items. Florida expands a 5 percent excise tax to professional services. Idaho makes temporary sales tax permanent at 5 percent. Indiana raises individual and corporate taxes to 3.4 percent, with corporate net income tax at 4.5 percent. Minnesota broadens the sales tax to car services and grooming. Mississippi increases gasoline tax with staged rises into 1989. Montana raises fuel taxes, imposes income tax surcharges and tourist room tax, and freezes property taxes while planning coal severance reductions. New Hampshire sets real estate transfer tax at 3.50 per 1000 for two years and reduces business profits tax. New Mexico lifts gasoline and car sales taxes and suspends two income tax rebates. North Dakota hikes income, sales, cigarette, and tobacco taxes, with oil well tax holidays and coal severance reductions. Rhode Island trims income tax rate. South Carolina boosts gasoline tax in two steps by 1989. Vermont lowers top income tax rate. Virginia revises exemptions and thresholds with revenue impact. Wyoming caps coal severance taxes and lowers oil and gas severance taxes.
The Senate, by 59 to 11, approved a plan to require a vote in both chambers on a constitutional balanced budget amendment this year. The measure, attached to a large trade bill, would have House and Senate act by Oct. 1 and would require the president to submit a balanced budget by Sept. 15, aiming to curb deficits linked to a record 166.3 billion trade gap.
In New York and Los Angeles AIDS clinics patients report AZT taken every four hours with side effects like nausea and anemia. Doctors call it an imperfect stopgap while researchers seek better treatments, yet many note AZT raises hope and shifts outlooks for those with AIDS or ARC. AZT was FDA approved in March for adults with AIDS or ARC and certain pneumonia or low white blood cell counts.
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