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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 24, 1972
Page
12
Washington DC Congressman David W. Dennis argued that high federal estate taxes force thousands of farmers and small businesses off land. He co sponsors H R 8341 to switch valuation from market value to earning ability, aiming to end a “death tax” on private enterprises.
The Italian Line received an anonymous letter in New York warning of a bomb aboard the Leonardo da Vinci on a transatlantic crossing. A ship search found no explosives and the liner continued toward Lisbon with 520 passengers aboard.
Gary Indiana reports the domestic steel industry's employment cost for wage earners averaged a record $5.68 per hour in 1970, up 30 cents from 1969. The rise marks a notable one year increase in worker compensation across the sector.
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