Tax cut becomes reality for most Americans
Washington reports three fourths of taxpayers, about 50 million who use the standard deduction, will face simple forms next April 15 and pay less tax under a bill awaiting President Carter's signature. The measure, with fewer special interest amendments, benefits the elderly, independent oil drillers, some chicken farmers, and expanding employers. Carter is expected to sign as economic stimulus. the $50 per person rebate was dropped.
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Tax Reform Act provisions extend relief through 1978
The 1976 Tax Reform Act provisions are extended for individuals and businesses through 1978. Tax relief totals include 9.1 billion for individuals and 3.2 billion for business. Standard deductions rise to 3200 for couples and 2200 for singles, with changes to tax tables and a reduced marriage penalty.
Poll finds widespread consumer complaints
Washington study by Lou Harris shows 78 percent favor short term ad ban for firms found guilty of mislead ing advertising. Consumers report worse deals, poorer quality, and inadequate post sale service, while Esther Peterson backs a new Agency for Consumer Protection.
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Rumors Promote Real Estate Caution From Hoisington Realty
Rumors about home prices financing and interest rates swirl in real estate, but prospects should not guide decisions. Mrs. Hoisington, principal broker of Hoisington Realty, is a past president of the Southwestern Vermont Board of Realtors and an assistant dean of the Tri-State Real Estate Institute, licensed in Vermont and New York.
Israel votes see no party with clear majority
Israelis vote in national elections with 22 parties competing for 61 seats in the 120 seat Knesset. Polls predict no party will win a parliamentary majority while turnout surpasses 8 percent in clear weather. Final results due Wednesday as Labor seeks to retain its lead after Rabin's leave of absence and Peres leads the ticket.
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Energy battle in Congress stalls Carter plan
In Washington the economic stimulus package advances while Carter energy plan faces resistance. House Ways and Means soon rejects a 50 cent gasoline tax amid election fears. Senate debates weapons bill, with Stennis urging passage and flexibility in arms negotiations.
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FBI study says Hoover era FBI spied on women movement
Ms. Magazine cites 1337 FOIA pages showing a 1970 Hoover memo ordering agents to seek violence and subversion by feminists. Letty Pogrebin finds no illegal acts in files from 1969 to 1973 and calls the inquiry a privacy invasion and civil rights concern. Only two illegal strategies were found, neither carried out.
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Zambia declares war on Rhodesia amid border clashes
President Kenneth Kaunda announced a state of war with Rhodesia with armed forces on full alert and orders to shoot down any Rhodesian aircraft. He implored frontline nations Mozambique Botswana Tanzania and Angola to back efforts as Rhodesia threatens cross border pre emptive strikes and guerrilla activity rises in northwestern Rhodesia.
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Six killed as helicopter crash hits Pan Am Building
In New York City a helicopter serving Kennedy Airport and midtown Manhattan collapsed on a broken wheel gear atop the 59 story Pan Am Building. Six people died and seven injured as rotors sliced through bystanders and debris rained over the street. Names identified include Enrico Gnaga of Milan and David Toomey of Montclair with two New York residents among the dead. one victim remains unnamed. Mayor Beame canceled the airway permit pending FAA and NTSB investigation.
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