Tax-Cut Extension Moves Ahead in Congress
Congress moves a tax cut extension aimed at 1976 relief with broad benefits for households earning 10 000 to 30 000 dollars. The Ways and Means plan reserves most gains for individuals, including a 2 percent credit on 12 000 of income and a 240 dollar maximum per return, while Ford pushes for larger totals and a spending ceiling. The panel approved the plan 21 to 16 despite Republican and Mills opposition, with next steps toward a full House vote.
MENTIONED IN THIS ARTICLE
Washington
Congress
Ways and Means Committee
Ford
al Ullman
D-Ore
Wilbur D. Mills
D-Ark
United Nations at 30 marked by mixed success
The United Nations marks its 30th anniversary with founder Romulo saying the Charter’s goals are sound but some provisions need restudy and that a peacekeeping machinery is lacking.
MENTIONED IN THIS ARTICLE
United Nations, N.Y
United Nations
Carlos P. Romulo
The
Phillippines
U.N
Weekend forecast: mild tonight and first half of weekend
Partly cloudy and mild tonight with lows in the 50s. Variable clouds and a chance of showers Saturday with highs in the mid to upper 70s. Details on Page 8.
Franco improves after relapse as Spain eyes transition
Madrid AP Gen Francisco Franco 82 fights back after two heart attacks with doctors noting slight improvement in heart failure. Juan Carlos de Borbon, 37, poised to be groomed as king while Premier Arias Navarre cancels cabinet session on move toward a royal transition. U.S. analysts foresee a smooth shift but warn of possible violence from extremists if chaos follows.
MENTIONED IN THIS ARTICLE
Madrid
Spain
Francisco Franco
Carlos Arias Navarro
Franco
Juan Carlos de Borbon
Juan Carlos
Arias
Pardo
Cortes
Council of the Realm
U.S
Washington
Tax Breaks Backed in Ohio Ballot Campaign Finances
Backers of Issue 1 seek a tax break for recreational lands led by Ohioans for Jobs and Progress reporting 1.1 million in pre election spending. Opponents including Citizens Against the Issues and CAP Council show smaller totals. Groups like the League of Women Voters differ on Rhodes proposals. Contributions flow from unions, clubs, and party committees as campaigns rush to report.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
James A. Rhodes
Ohioans For Jobs and Progress
Rhodes
United Auto Workers
Ohio Democratic Party
League of Women Voters
Ted W. Brown
Henry J. Brinker
Scioto Country Club of
Cleveland District Golf Association
Tri- County Country Club
Cuyahoga Falls
Coldstream Country Club
Cincinnati
Heatherdowns Country Club
Toledo
Ohio State Club Association
Cleveland
Citizens Against
Richard Sloan
Citizens Against Unfair Taxation
George Tyack
United Auto Workers Community Action Program
CAP
Senate panel stalls on NYC loan guarantee bill
The Senate Banking Committee, led by William F. Proxmire, debates a $6 billion loan guarantee plan for New York City but faces a likely Senate floor rejection after Sen. Adlai Stevenson III withdraws support. Chairman Burns of the Federal Reserve cautions against federal aid, citing insufficient city and state efforts.
MENTIONED IN THIS ARTICLE
Washington
Senate Banking Committee
New York City
Senate
Adlai E. Stevenson III
Stevenson
Illinois
William F. Proxmire
D-Wis
New York
Arthur F. Burns
Federal Reserve Board
House
Senate Bill Would Keep DST Plan
Washington AP reports a bill to extend Daylight Saving Time for two more years to sustain an eight month schedule before clocks revert to standard time. If passed, DST would resume February next year with the Transportation Department studying the schedule’s impact amid public concern over early darkness.
MENTIONED IN THIS ARTICLE
Washington
Senate
Congress
Transportation Department
Adlai Stevenson III
D-Ill
Stevenson
U.S
Hawaii
Arizona
Puerto Rico
Virgin Islands
American Samoa
Indiana
Decision Delayed on French Firm Takeover in Ohio
Ohio court proceedings halt copperweld takeover by Societe Imetal of France until compliance with state securities laws. Judge sets Nov 17 briefing deadline after temporary restraining order. U S District Court in Pittsburgh also weighing the bid amid congressional scrutiny. Copperweld employs about 3,600 with Ohio subsidiaries Copperweld Steel in Warren and Ohio Steel Tube in Shelby.
MENTIONED IN THIS ARTICLE
Columbus, Ohio
Copperweld Corp
Societe Imetal
Pittsburgh
State of Ohio
Franklin County Common Pleas Court
Paul W. Martin
Imetal
U.S. District Court
John L. Miller
Copperweld
Imeral
Ohio
Copperweld Steel Co
Warren
Ohio Steel Tube Co
Shelby
Also Mentioned on This Page
Jerry
Ohio University
Pugh Amusement Co
Messenger
Dan J. Dry
Paris
Ismail Erez
Quai Kennedy
Vienna
Louisville
Associated Press
Canton
Lorain
San Francisco
Patricia Hearst
Oliver J. Carter
Albert Johnson
Miss Hearst
Lisbon
Portugal
Denison
Granville
Joel P. Smith
Denison University
Stanford University
Smith
Eevee Eveenes
Veress
Western Europe
Warren Smith
Afl-Cio Committee
Nyc
Proxmire
Third Circuit
Philadelphia
Phillip H. Smith
Miller
United
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