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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 12, 1976
Page
5
Washington AF The Democratic platform draft discusses busing for racial integration and a goal of reducing adult unemployment to 3 percent within four years. It promises useful jobs at living wages for all adults who want them, with final approval by the Democratic National Convention in Italy.
The Senate Finance Committee endorsed an extra tax break for low and middle income Americans and approved a billion-dollar annual estate tax shift. The measure expands the standard deduction for singles to 1850 and couples to 2400 through 1977, with credits per dependent, while extending work bonuses for low earners.
East Kentucky Power Cooperative of Winchester and Wabash Valley Power Association of Indianapolis signed letters of intent to buy 45 percent of the Marble Hill nuclear power plant in southern Indiana. East Kentucky will take 8 percent and Wabash Valley 7 percent of the $1.5 billion project, with PSI retaining the rest.
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