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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Jul 25, 1972
Page
2
The Bennington Banner is issued daily except Sundays and holidays by Banner Publishing Corporation at 42 Main Street, Bennington Vermont 05201.
In a withering critique the Joint Economic Committee findings show large firms paying little or no tax. The piece notes that five of the biggest corporations paid no taxes in 1971 including Continents Oil and McDonnell Douglas. It highlights that about a quarter of the 100 top US companies had effective tax rates under 10 percent.
The text argues that corporate tax subsidies and shelters favor large corporations, fueling concentration of ownership. It cites a shrinking tax rate for International Telephone & Telegraph, notes two thirds of manufacturing are held by about 260 firms, and contrasts Nixon administration complacency with Senator McGovern’s opposition, while warning of increased political pressure on reform.
The editor notes the removal of a billboard over Hunt Street crossing opening views of the eastern mountainside. Vermont Senator T. Garry Buckley announces a bid for a fifth term, representing Bennington County from Montpelier. Rutland completes a citywide reappraisal causing discontent and potential class action threat to revert to the 1872 Grand List. With Aug 2 filing deadline near, Bennington County voters show quiet primary interest and default government sentiment persists.
In the past days Vermonters fear McGovern victory, but AFL-CIO executive council abstains from endorsing either candidate in a historic move. The 27 to three vote marks a first for the federation. Teamsters also endorse Nixon for reelection, a rare deviation from Democratic support.
Philadelphia Mayor Frank Rizzo says he will use all means to prevent George McGovern from winning Pennsylvania. Newsweek’s first postconvention survey shows McGovern with seven assured electoral votes and 28 leaning, while Nixon holds 236 solid votes and 61 leaning. Uncertainty remains for 205 electoral votes. Vermonters are advised to relax. McGovern’s chances are far lower than Goldwater’s in 1964.
An elderly writer from Shoftsbury laments Vermont’s growth driven by developers and rising taxes. He warns it risks turning Vermont into a crowded suburb, driving out farmers and altering the cherished rural way of life. He urges zoning reform and revised town taxation to preserve the state’s character.
A Beverly Hills luncheon hosted by Taft Schreiber centers on Henry Kissinger as guests discuss the Democratic race. The piece links money from Jewish business leaders and Wall Street supporters to Humphrey and the hunt for a new nominee, noting McGovern’s lack of Kissinger influence. A separate incident recalls a drunken driver stopped by police.
A seniors event titled To the Sitter on the Banner invites Chilean and elderly residents to a concert at the NcCullough Mansion on Thursday. Mrs. van dee Linda of North Bent ington leads a group of performers. Call 6 447-7087 if attendance is possible or arrange transportation.
A fragment from a historical text argues no family should mortgage its future due to health costs, noting vulnerability across income groups. It reflects on journalism's role to collect, absorb, and report information accurately amid scarce data and changing times.
Seventy degree heat waves and late pests frustrate Mountain Chatter, while Charlie tackles a flood of home repairs. A broken toilet, leaky water tank, and shattered kitchen window blind test his amateur plumbing skills during a busy Searsburg summer.
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