Carter Tax Proposals Weighed in Budget Shift
Tax writers in Congress study options to remove the $50 rebate for high income households and boost lower brackets. The Ways and Means Committee plans to finish review by Thursday as Carter prepares 1978 budget changes. Budget analysts expect spending to rise to about $455-460 billion with a deficit near $60 billion.
MENTIONED IN THIS ARTICLE
Washington
Congress
Carter
Congressional Tax Staff
House
Ways and Means Committee
al Uiman
Gerald R. Ford
Ford
Equal 12 month pay plan gains utility board approval
Austin Utilities Board approved a budget billing plan for all customers to pay equal monthly amounts over 12 months with annual settlement adjustments. A night payment box will be installed at the Municipal Building within two months. The board also approved selling a Utilities owned land parcel north of Austin Community College for 18000 dollars. A thawing charge policy sets a 50 dollar minimum and 100 dollar maximum for first time thawings with 50 dollar hourly rates for later thawings. The board accepted the resignation of Clifford Wilcox due to disability.
MENTIONED IN THIS ARTICLE
Brian Ojanpa
Herald
Austin Utilities Board
Austin
Austin Community College
14Th St
Elmhurst
US and Israel maintain stance against PLO talks
Washington and Jerusalem reiterate refusal to include the PLO in Middle East peace efforts. Cyrus Vance and Yitzhak Rabin meet as U.N. chief Waldheim notes potential Cairo talks. Officials say the PLO must recognize Israel before negotiations resume.
MENTIONED IN THIS ARTICLE
Israel
PLO
Rabin
United States
Vance
U.N
Kurt Waldheim
Vienna
Cairo
Minnesota bill tightens jobless benefits and raises employer tax
A Minnesota Senate subcommittee approved a compromise to tighten qualification rules for unemployment benefits and raise employer taxes to support the unemployment fund. The plan, backed by labor and industry, would require new work before benefits after voluntary quits or misconduct and link benefits to a percentage of the state’s average wage. It predicts higher state costs but reduced borrowing from the federal fund, with potential federal forgiveness later.
MENTIONED IN THIS ARTICLE
ST. Paul, Minn
Senate
Minnesota
House
Senate Employment Committee
Sem
Roger Laufenburger
L Lewiston
Laufenburger
Record 1976 airline complaints hit Civil Aeronautics Board
The Civil Aeronautics Board logged a record 16124 consumer complaints in 1976 about delayed flights baggage handling over bookings and other service problems a 35 percent rise from 1975 and the prior peak of 15720 in 1974.
MENTIONED IN THIS ARTICLE
Washington
Civil Aeronautics Board
Alaska
Crosland in Critical Condition After Massive Stroke
London reports Foreign Secretary Anthony Crosland, aged 58, remains in critical condition after a massive stroke. The hospital and Foreign Office both communicate the gravity of his status, marking the first use of critical to describe his condition.
MENTIONED IN THIS ARTICLE
London
Anthony Crosland
Foreign Office
Oil Industry Foresees Spiraling Gas Prices
New York AP reports gas prices rising through summer as crude costs and refinery wages climb. The FEA relaxed cost pass through Feb 1 allowing higher unleaded and leaded prices, with Lundberg noting unleaded up 0.6 cents and other grades up 1 to 3 cents per gallon.
MENTIONED IN THIS ARTICLE
New York
Federal Energy Administration
Lundberg Survey Inc
Lundberg
FEA
Organization of Petroleum Exporting Countries
Showdown Looms In Kennedy Assassination Panel
The House Assassinations Committee heads toward a clash between chairman Henry Gonzalez and chief counsel Richard Sprague amid moves to drop the Kennedy probe. A budget fight and disputes over recorders and polygraphs fuel the controversy as members weigh options to reform or redraw leadership.
MENTIONED IN THIS ARTICLE
Washington
John F. Kennedy
Henry B. Gonzalez
D-Tex
Richard A. Sprague
Gonzalez
Kennedy
Martin Luther King Jr
Sprague
Richardson Preyer
North Carolina
Preyer
Washington Post
House
Philadelphia
Hormel reports 14 percent rise in first quarter earnings
Geo A Hormel & Co records Q1 earnings of 1 59 per share on 7 619 000 with sales of 269 876 000 for the quarter ended Jan 29 up from 68 cents and 3 272 000 a year ago. Company cites livestock supply, notes optimistic Ottumwa plant start and 28 cent quarterly dividend.
MENTIONED IN THIS ARTICLE
Geo. A. Hormel & Co
Hormel
J. J. Holton
Holton
Ottumwa
Iowa
Knoxville
American Stock Exchange
Danish Social Democrats gain in third election in three years
In Copenhagen the Social Democrats led by Prime Minister Anker Joergensen won 37.1 percent of Tuesday's Danish vote, adding 12 seats for 65 in the Folketing. Two coalition partners rose while two fell, as Joergensen signaled willingness for firmer multi party cooperation.
MENTIONED IN THIS ARTICLE
Copenhagen
Denmark
Anker Joergensen
Social Democrats
Sweden
West Germany
Folketing
Joergensen
Also Mentioned on This Page
Buffalo
N.Y
Tax Alternatives
Generation Department
Clifford Wilcox
Area News
Mkts
Comics-Tv
Ing
United Nations
Palestine Guerrilla Organization
U.S
Geneva
Foreign Ministry
Allen
Ben- Gurion
Congressional Budget Office
Statue of Liberty
New York Harbor
Iran
Cyrus Vance
Tel Aviv
Ben Gurion
Yigal Allon
Anchorage
Saudi Arabia
Ken Hechler
West
The
Republic
National Weather Service
Weather Service
Gece
Oes
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