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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Dec 31, 1970
Page
2
Viet Cong and North Vietnamese forces breached the New Year cease fire within 20 minutes, killing 19 South Vietnamese soldiers at a Saigon area outpost. U.S. command reported heavy air strikes on the Ho Chi Minh trail, with over 7,000 explosions during a three day campaign.
On New Year’s Day 1971 payroll deductions shift as Social Security taxes rise from 4.8 to 5.2 percent for both employees and employers, with a break-even around $150 weekly. Those earning above $7,800 face about $31.20 yearly extra tax per person. those under see smaller increases. Medicare also climbs. The Tax Reform Act preserves lower top marginal ratios for singles versus married, and raises the standard deduction from 10 percent to 13 percent of gross income up to $1,500 with the ceiling.
Egyptian officials in Cairo said they were optimistic talks resuming in January could extend the cease-fire. Any progress, even slight, would justify an extension, with Israel’s timetable position a point of contention as UN and leaders weigh next steps. Meanwhile, Israeli and Arab actions and a BBC-style crime report cap a day of tense regional news.
The death of Secretary of State Paul Powell led to an $800000 cash haul found at the St Nicholas Hotel Springfield and in his Capitol office. Executor John Rendleman reported the money in shoeboxes and strongboxes, with $600000 in cash recovered from a closet and moved to the Illinois National Bank. The IRS opened an investigation while Governor Ogilvie offered no public comment. Powell's long career and "gray fox of Vienna" nickname frame the tale of wealth and influence.
UPI editors pick the Apollo 13 mission as the top headline story of 1970 noting the four day suspense and safe return, with the economy and Kent State killings among the year s major items. The piece also cites other top ten entries and a separate local speeding case in Marietta Ohio where Clarence Summers was fined 35 dollars for speeding to pass a factory odor.
Local Banner Publishing Corp advertises home delivery and mail subscription options. Rates shown include 3 months for 9 dollars within Vermont, 6 months for 18 dollars, 1 year for 36 dollars, with U S rates 9 19.50 and 39.00 respectively. Second class postage paid at Bennington Vermont.
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