Ford signs flawed tax cut bill amid inflation fears
President Ford defended a controversial tax cut package in a nationally televised speech, calling it essential to stimulate the sluggish economy. He criticized added spending and warned the federal deficit could rise to about 60 billion dollars in fiscal year 1976. The IRS planned rebates mailing from May 12, with checks first for early filers, and measures aimed at quick cash to consumers. Ford and Mrs. Ford then left for Palm Springs for a nine day Easter working vacation.
MENTIONED IN THIS ARTICLE
Ford
Congress
Oval
Senate
Palm’ Springs
California
IRS
Fall of Da Nang Signals North Vietnamese Advance
Communist forces capture Da Nang after hours of heavy fighting, forcing civilian evacuations. UPI reports four US Navy ships evacuating refugees plus mounting chaos as residents flood to Saigon fronts. President Ford orders evacuation support from Subic Bay and nearby zones amid a widening Saigon crisis.
MENTIONED IN THIS ARTICLE
Saigon
UPI
Phan Guang Dang
Dang
da Nang
Port Cay
South China Sea
Carlier
Ford
Cay
Frederick Lst
Durham Lirr
Subic Bay
Blue Ridge
Okinawa
LPD
Taawant
Bngs
Males
Commmunist
Hue
Cny
South Vietnam
Gia
Ngo Quang Truong
Catiornier
da Ng
Pared Rang Pio
Oa Nang Sor
Lang
Alreays
Uirell
Tax cut bill at a glance shows broad relief plan
Major provisions include individual tax rebates of 100 to 200 dollars for most taxpayers, higher standard deduction, a 0 per person tax credit, and top payments to working poor families with children. Social Security and other benefit recipients receive 560 across the board, with new home buyer credits and liberalized child care deductions. Business measures expand the investment tax credit, curb oil and multinational tax breaks, and extend unemployment.
MENTIONED IN THIS ARTICLE
Ierek
Egypt to reopen Suez Canal on June 5 despite Sinai stalemate
President Anwar Sadat announced Egypt would reopen the Suez Canal to shipping on June 5, reversing a 1967 closure. He tied the move to a three month UN Emergency Force mandate extension and warned Israel of strong retaliation for any attack on the canal or canal cities. Egypt cited failed U.S. mediation over further Sinai troop withdrawals but stressed the canal's reopening serves global trade and Egyptian interests.
MENTIONED IN THIS ARTICLE
CATAC
UPI
Interna
Sraeli
Sinai
Sadat
Fayitian Ain Isoei
Peninassa
Geibiht Stepines
Geeta
Sale
Middle East
Ated
Egypt
Bumele
Radat
Ramely
Israel
Easter Weather Report with Warm Sunny Conditions
A rough weather note describes sunny and warm Easter conditions with light winds. Mentions a high around 78 and scattered gusts up to mph in coastal areas, with variable temperatures and west winds.
MENTIONED IN THIS ARTICLE
Marily Vale
Also Mentioned on This Page
Washington
Ford Ronan
Pearl Sea
Faaramseig Tanpegere
Acks
WRN
Internal Revenue Service
Ue Heese
Lacarya
Bratt Ford
America
ARGUS
The
News-Register
Fremont-Newark
Gui Nhon
Sore Idesel
Tan Son
Nhut
Sah Chua
Paul Vogle
Pet
Atward
Fle
Wa Nang
Cu Lai
Tiles
Ims
Exty
Editorial En Finance
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