Tax bill would cut your tax payments in coming years
The House Ways and Means plan would broadly cut tax rates with a typical married couple with two children earning $4,000 saving about 100 dollars and a $10,000 earner saving around 202 dollars while top rates rise for very high incomes. Local deductions for gasoline, real estate, and other taxes would lessen. Interest on capital gains would be taxed at 40 percent inclusion with a top rate of 21 percent for high earners. Certain business and personal situations could change these results.
MENTIONED IN THIS ARTICLE
The
Treasury
Old Trusty
Committee Backs Tax Rate Slash In House Action
The House Ways and Means Committee backed an income tax rate cut projected by the Treasury to average 15 percent for most taxpayers. The plan would set individual rates from 14 to 70 percent, with two thirds of the cut starting January 1 1964 and the rest the following year. The corporate rate was to be discussed later, with a recommended drop from 52 to 48 percent.
MENTIONED IN THIS ARTICLE
Washington
Congress
Kennedy
House
Ways and Means Committee
House Rules Committee
Senate
Treasury
Ways and Means
The
Mail Robbers Hideout Found Near GlasgowLondon Train Job
Police traced a farm near Leatherslade to the gang after uncovering a buyer’s name for the property and a man who collected keys. Descriptions include a tall charming London-voiced man, a ginger stranger and a brunette woman. Over $7 million stolen remains missing as detectives sweep the area and follow leads to inquiries reaching the French Riviera.
MENTIONED IN THIS ARTICLE
London
Scotland Yard
Glasgow
Leatherslade Farm
French Riviera
Bernard Rixon
Leatherslade
Lily Brooks
Brill
Mrs. Kennedy Leaves Hospital on JFK's Arm
Mrs. John F. Kennedy left Otis Air Force Base hospital with the President, smiling as they walked to a blue car then a helicopter pad. The First Lady, recovering from a caesarean for Patrick Kennedy, arrived home to Caroline John Jr and a new puppy, while President Kennedy returned from Washington with a blue roan cocker spaniel gift from Irish cousins.
MENTIONED IN THIS ARTICLE
Otis Air Force Base
Mass
John F. Kennedy
Mrs. Kennedy
Patrick Bouvier Kennedy
Kennedy
Caroline 5
John Jr
Washington
White House
Railroad Talks Stall Ahead of Aug 29 Deadline
Negotiations between railroads and five operating unions hit a positive stalemate over eliminating 32,000 firemen on diesel locomotives. With Aug 29 looming, lawmakers show doubt on ICC action and a possible nationwide strike. J E Wolfe outlined the deadlock after a two hour bargaining session. Labor Secretary Wirtz voiced pessimism.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Labor Department
J.E. Wolfe
Lock
Firemen's
Engineers
W. Willard Wirtz
Nik Promises Not to Exploit Senate Debate
Geneva AP sources say Khrushchev promised the United States not to exploit the U S Senate debate on the limited nuclear test ban treaty. McNamara claims the U S leads in nuclear power and the treaty would help keep it that way. AFL-CIO demands railroad concessions as talks stall with no new meetings scheduled. Congress potential action may be needed to avert a strike amid uncertain passage of Kennedy's Commerce Commission proposal.
MENTIONED IN THIS ARTICLE
Geneva
Khrushchev
United States
U.S. Senate
Semyon K. Tesarapkin
U.S
Robert MacNamara
Soviet Union
McNamara
Moscow
H.F. Gilbert
Afl-Cio Brotherhoo
Congress
Kennedy
The
Commerce Commission
Senate
Seaborg
Secretary of State
Dean Rusk
Secretary of Defense
Robert S. McNamara
Frank J. Lausche
D-Ohio
Joint Chiefs of Staff
Wisconsin Synod Ends Ties With Lutheran Conference
Wisconsin Evangelical Lutheran Synod voted to withdraw from the Synodical Conference ending joint welfare and mission projects. The move affects 350,000 members in 17 states and two Canadian provinces and follows tensions with the Missouri Synod, which has 2,600,000 members.
MENTIONED IN THIS ARTICLE
Milwaukee
Wisconsin Evangelical Lutheran Synod
Lutheran Synodical Conference
Lutheran Church-Missouri Synod
Wisconsin Synod
Wisconsin
Missouri Synods
Synodical Conference
Missouri Synod
U S Blast Helps Determine Electron Path in Van Allen Belt
The United States nuclear test above the Pacific last year aided scientists in tracing the path and decay rate of high energy electrons, resolving a key question about the Van Allen radiation belt. The finding was reported to a satellite audience.
MENTIONED IN THIS ARTICLE
Blacksburg
United States
Pacific
van Allen
Wilmont N. Hess
Goddard Space Flight Center
van Allen Belt
Hess
Quie Urges Federal Aid to Colleges
Representative Albert H. Quie advocates a three year grants and loans program totaling 1.195 billion dollars for college facility construction, excluding sectarian or divinity facilities, with support from a House education subcommittee. He maintains elementary and secondary aid should stay with local governments.
MENTIONED IN THIS ARTICLE
Washington
Albert H. Quie
R-Minn
Quie
House
Department of Divinity
3M to Expand New Ulm Plant
Mini sota Mining and Manufacturing Co plans a million dollar addition to its electrical mechanical products plant in New Ulm adjoining the present facility. The two story, 200 by 275 foot expansion adds 100000 square feet. The plant opened in 1962 and currently employs 85. manager George Horan said future hiring is not yet estimable.
MENTIONED IN THIS ARTICLE
New Ulm
Minn
Minnesota Mining & Manufacturing Co
George Horan
Brunswick to drop small fiberglass boats focus on yachts
The Brunswick Corp. said it will discontinue producing small fiberglass boats and concentrate on yachts and motors. Its main plant and headquarters are in Warsaw Indiana, with assembly facilities in Little Falls Minnesota and Nashville Georgia.
MENTIONED IN THIS ARTICLE
Chicago
Brunswick Corp
Warsaw
Ind
Little Falls
Minn
Nashville
Duluth to Host 15 African Visitors
Duluth Minnesota will welcome 15 government and industrial visitors from Africa next week as part of a broader Iron Range and state tour. The group is met by local officials and will tour key sites and industries.
MENTIONED IN THIS ARTICLE
Duluth, Minn
Duluth
The
Iron Range
Africa
State approves land for Lake Carlos State Park expansion
The commissioner of administration approved the purchase of 40 acres in Douglas County for 4000 with the addition to Lake Carlos State Park. An additional 3.5 acres is under survey for potential further park expansion.
Seaborg backs underground tests under limited ban
Atomic Energy Chairman Dr. Glenn T. Seaborg testified before Senate hearings that underground testing would enable warhead development for antimissile and defense systems. He supported ratification, noting feasible underground tests and potential peaceful applications, while McNamara argued atmospheric tests remain unnecessary for defense decisions. The hearing examines a treaty banning atmospheric, outer space, and underwater tests but permitting underground testing.
MENTIONED IN THIS ARTICLE
Washington
Glenn T. Seaborg
The
Atomic Energy Commission
Seaborg
Armed Services
Senate House Atomic Energy Committees
Senate
Mayo Clinic Receives Noted Letter From Stratford Writer
A Stratford writer directed a letter titled The Best Brain Surgeon, the Very Best Hospital in America to Mayo Clinic in Rochester Minnesota. The U S Post Office delivered it to the neurosurgery section at Mayo Clinic.
MENTIONED IN THIS ARTICLE
Rochester, Minn
Stratford
England
America
U. S. Post Office Department
Mayo Clinic
Miss American Photogenic crowned at Long Beach
Barbara Baker of Wichita Falls named Miss American Photogenic by news photographers at Long Beach California. The 18 year old secretary also advances as one of 15 semi finalists for Miss American Beauty to be named tonight.
MENTIONED IN THIS ARTICLE
Barbara Baker
Wichita Falls
Long Beach
Calif
Retary
Also Mentioned on This Page
By Edmond Lebreton
John Maris
By Barry Schweid
Associated Press
Nik
Howard Benedict
AP Aerospace
Ulm
Brunswick
Atomic Energy
John Stennis
D. Miss
Ques
Tioning McNamara
Barry Goldwater
R-Ariz
Goldwater
Stennis
Maxwell D. Taylor
Joint Chiefs
Taylor
Edward Teller
Post Office
Mayo
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