Galbraith urges New Hampshire income tax reform plan
In New York at the Democratic National Convention economist John Kenneth Galbraith urges an income tax in New Hampshire to achieve equity in reform, criticizing a Wheelabrator Foundation study comparing NH and Vermont tax systems and questioning the report's statistical basis and bias.
MENTIONED IN THIS ARTICLE
New York
UPI
John Kenneth Galbraith
New Hampshire
Galbraith
Vermont
Wheelabrator Foundation
Wheelabrator-Frye Corp
Hampton
N.H
IRS ends oil tax loophole may lift fuel prices
The IRS closed a multibillion dollar loophole allowing oil firms to claim foreign tax credits on royalty payments. Royalty deductions cap at 50 percent, while taxes paid abroad can be fully deducted. Audits will determine if payments are true taxes or royalties, potentially raising U.S. tax costs and consumer fuel prices.
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Washington
UPI
Internal Revenue Service
IRS
U.S
United States
U.S. Treasury
Udall Concession Speech Sparks Roar at Democratic Convention
At Madison Square Garden Morris Udall gave an unprecedented concession style speech for Carter after finishing second in the primaries. He urged supporters to back Carter and vowed to work in his campaign, amid cheers and blue balloons. Edward Kennedy said he will not campaign nationwide for Carter, focusing on reelection in Massachusetts. Lillian Carter shared pride as she attended Carter’s reception with health policy focus. George Wallace ended his campaign with 57 votes at the convention, facing boos as Alabama delegates split 30 for Carter and five for Wallace, showing waning influence.
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Boston
UPI
Boston Harbor
Boston Light Tower
England
Richard Scholfield
Sail Training Association of England
Juan Sebastian de Elcano
Madison Square Garden
Udall
Carter
New York
Edward M. Kennedy
D-Mass
Jimmy Carter
Massachusetts
Senate
Kennedy
Lillian Carter
Wallace
Robert Wilson
Wilson
Alabama
George Wallace
McCormack Named by Democrats in Heated Convention Speech
UPI reports Ellen McCormack was formally proposed for the Democratic nomination with James Killilea denouncing Carter as a liar and power abuser. Carter backers booed Killilea after his remarks as pro abortion signs filled the floor. McCormack received 22 delegate votes to Carter’s 2,238. The Long Island housewife urged the public to learn what occurred and why supporters remain hopeful.
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New York
UPI
Ellen McCormack
Jimmy Carter
Carter
James M. Killilea
Massachusetts
Ford greets Schmidt as health and spirits shine on birthday
President Ford, 68, in excellent health, hosts German Chancellor Helmut Schmidt on a Bicentennial visit. He plans a South Lawn greeting and dinner under last week's Queen Elizabeth tent, after a six month checkup with normal results. Betty Ford treats him to a celebratory lunch at Sans Souci as delegates and a potential running mate question loom. Ford eyes Connecticut delegates, wary of Utah while Olympic Taiwan controversy unfolds.
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Ford
Helmut Schmidt
Queen Elizabeth
White House
William Lukash
Democratic convention schedule in New York details
UPI reports Thursday's Democratic National Convention timetable in New York with the session opening at 1:00 pm EDT followed by Rules Committee action at 1:30 pm and the 5:30 pm roll call for nominating the vice presidential candidate. The evening includes the vice presidential nominee's acceptance speech at 9:30 pm and the presidential nominee's acceptance speech at 10:30 pm before adjournment.
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New York
UPI
Rules Committee
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