Ford Proposes 12 Percent Rebate in Tax Relief Plan
President Ford and the Democratic Congress back a swift tax cut with an across the board rebate of 12 percent on 1974 tax payments up to 1000 dollars per taxpayer. The plan includes 4 billion in corporate relief and 30 billion in higher energy taxes with future rate adjustments to follow.
MENTIONED IN THIS ARTICLE
Ford
Washington
94Th Congress
White House
House
Congress
House Democrats
Ford proposes $18.2 billion gasoline and oil price hike
President Ford proposes an $18.2 billion price increase to gasoline, fuel oils, and natural gas aimed at curbing demand. He also hints at oil import quotas if prices fail to reduce use, drawing mixed support from Senate Republicans and criticism from several Democrats.
MENTIONED IN THIS ARTICLE
Washington
Ford
Senate
Hugh Scott
Pennsylvania
No Free Rides We Pay for Rebate but Spend It Anyway
Bank of America economist Walter E. Hoadley says President Ford’s proposed tax refund must be funded by future tax increases and urges spending the windfall rather than saving it. He warns inflation could require bigger tax cuts or higher taxes and predicts a fall rebound unless policymakers act.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
Ford
Bank of America
Walter E. Hoadley
Hoadley
Comstock Club
94th Congress Convenes Amid Economic Crisis and Debates
The 94th Congress opens with a strong Democratic edge as the nation faces high unemployment around 7.1 percent and inflation. Leaders are elected, tax relief proposals surface, and battles over filibuster rules and chairmanships loom as freshmen navigate seniority and committee control.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Carl Albert
Flu Slows Rhodes on 1st Day of Term
Gov. James A. Rhodes battles flu on his first day in office as about 2,000 people listen. He skips the inaugural ball and reads his speech with Kent McGough assisting. Demonstrators protest Kent State actions nearby while guards protect the ceremony.
MENTIONED IN THIS ARTICLE
Rhodes
Columbus
Ohio
James A. Rhodes
Kent McGough
Richard Moore
Kent State
Ohio National Guardsmen
Kent State University
Ted W
Pentagon selects YF16 for Air Force and NATO sales
The Pentagon chosen General Dynamics YF16 as the Air Force lightweight fighter over Northrop YF17. Officials expect up to 3,000 global sales worth 15 to 20 billion dollars. NATO nations Belgium Denmark Norway and the Netherlands pursue 350 planes to replace F104s.
MENTIONED IN THIS ARTICLE
General Dynamics
Air Force
Washington
United States
NATO
Pentagon
State Department
Brussels
Northrop
U.S
John L. McLucas
United States accuses North Vietnam of ceasefire violations
The United States formally charged North Vietnam with grave breaches of the 1973 cease-fire, citing escalation since December and 160000 troops and 400 vehicles sent into the South. The note, sent to guarantor nations, urged Hanoi to face consequences and urged support for Saigon without reentry of American troops.
MENTIONED IN THIS ARTICLE
Washington
United States
South Vietnam
Hanoi
Vietnam
North Vietnam
Democratic Republic of Vietnam
U.S
Ford
Phonc Binh
Congress
Saigon
International Commission of Control and Supervision
First Lady Betty Ford Health Update
Bethesda doctors report Betty Ford in excellent health after a four hour checkup, the first extensive tests since her September breast cancer surgery. Family physician Dr. William Lukash confirmed everything turned out well. A separate Pasadena quake struck at almost midnight, the third in 36 hours, causing no injuries and minor damage.
MENTIONED IN THIS ARTICLE
Washington
Bethesda Naval Hospital
Betty Ford
William Lukash
Pasadena
Calif
California
Final Arguments Triggered in Kroger Kidnap Trial
Defense attorney Bernard Gilday rested his case after seven witnesses including defendant Clifford Kroger. The 38 year old engineering consultant faces kidnapping charges in the Allison Mechem case. Final arguments were expected next with the case heading to the jury.
MENTIONED IN THIS ARTICLE
Cincinnati, Ohio
Bernard Gilday
Clifford Kroger
Allison Mechem
Oil spill hits Bantry Bay as Gulf Aquires new breach
Bantry Ireland AP reports Gulf Oil Co faces renewed protests from fishermen and nature lovers after a Liberian tanker Afran Zodiac struck a hole last Friday night in Bantry Bay spilling about 115000 gallons of crude. RSPCA notes this is the 24th spill since Gulf opened its terminal six years ago.
MENTIONED IN THIS ARTICLE
Bantry
Ireland
Gulf Oil Co
Bantry Bay
Royal Society For the Prevention of Cruelty To Animals
Gulf
Ali Wins Hickok Award as Pro Athlete of the Year 1974
Muhammad Ali, heavyweight champion, is named Professional Athlete of the Year for 1974. Hank Aaron finishes second after breaking Babe Ruth's home run record, with 47 first place votes and 224 points.
MENTIONED IN THIS ARTICLE
New York
Muhammad Ali
King Hank Aaron
Ali
Aaron
Babe Ruth
Weather outlook: Partly cloudy and cold with minimal thaw
Today is mostly cloudy and very cold with lows around 10 to 15. Tonight remains cold. Tomorrow will grow more cloudy with highs in the mid to upper 20s. Details on Page 2.
Signals Switched On CIA Investigations Debate
The Rockefeller commission opened its hearings on CIA activities with debate over scope and handling tips from ex agents. Chair Nelson Rockefeller signaled limited time and staff but later invited specific information from current or former CIA members as Colby Helms and Schlesinger testified.
MENTIONED IN THIS ARTICLE
Washington
Rockefeller Commission
CIA
Nelson A. Rockefeller
Commission
Rockefeller
William E. Colby
James R. Schlesinger
Richard M. Helms
Colby
Helms
Iran
Schlesinger
Also Mentioned on This Page
Henry S. Reuss
Dwis
Frank Church
Didaho
Reuss
Church
Richard M. Nixon
Gerald R. Ford
Louis C. Wyman
John A. Durkin
New Hampshire
Walter F. Mondale
Ed Edmonson
Richard L. Ottinger
Dn.y
F. Edward Hebert
D-La
Armed Services Committee
W.R. Poage
D-Tex
Agriculture
Wright Patman
Banking
John McLucas
The
Brown
Richard F. Celeste
William J. Brown
Thomas E
Defense Ministry
McLucas
Soviet Union
People’s Republic of China
Britain
France
Hungary
Poland
Indonesia
United Nations
Kurt Waldheim
Southeast Asia
Irish Bay
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