Senate tax form delay tied to lawmaker power and gifts bill
In Washington, a Senate dispute over a small gifts-for-troops bill delays printing of 1971 tax forms. Treasury Secretary Connally warns of unprecedented inconvenience if forms are late. Senator Stevenson seeks a $700 personal exemption for 1971, framing it as vital for consumer spending. The House had approved a $675 exemption as part of a broader tax-cut measure benefiting business, while Stevenson argues for a larger cut aimed at individuals. He asks to delay action on the attached provision to press for more relief for taxpayers.
MENTIONED IN THIS ARTICLE
Washington
Sen
Adlai E. Stevenson III
D-Ill
Senate
U.S
Vietnam
Senate Finance Committee
House
Nixon
Connally
Treasury
Congress
Stevenson
Mike Mansfield
John B. Connally
Saigon
Senate panel approves new depreciation rules
The Senate Finance Committee voted 12 to 2 to enact more liberal depreciation rules, saving U.S. corporations 13.2 billion in taxes over five years. The plan allows machinery to be depreciated 20 percent faster, cutting write offs from ten to eight years. Critics cited constitutional concerns about Congress’s taxing power, while supporters said it would spur modernization. the package also includes a 9 billion tax cut from an investment credit for new equipment.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate Finance Committee
U.S
Treasury
Congress
Edmund S. Muskie
Dmaine
Henry S. Reuss
D-Wis
Common Cause
Citizens’ Lobby
Ralph Nader
Consumer Advocate
Senate Committee
House
Russell B. Long
D-La
Gaylord Nelson
Nelson
Senate
Brezhnev and Pompidou Hold Unscheduled Paris Talks
Soviet leader Leonid Brezhnev and French President Georges Pompidou held an unscheduled private meeting in Paris to discuss China and Vietnam amid Brezhnev's Western visit. Gromyko said talks with Maurice Schumann were friendly. Brezhnev toured the Renault plant at Flins and autographed a Communist card.
MENTIONED IN THIS ARTICLE
Paris
UPI
Leonid I. Brezhnev
Georges Pompidou
China
Vietnam
Brezhnev
Pablo Picasso
Pompidou
Marseille
Andrei A. Gromyko
Maurice Schumann
France
Elysee Presidential Palace
United Nations
Indochina
Renault
Flins
Communist Party
Soviet Union
Mediterranean
Israel
US reports first foreign trade surplus in six months
The Labor Department noted a temporary turnaround with a September trade surplus of 265.4 million dollars and a six month gap since deficits began in April. Unemployment rose in three Ohio areas Canton Lorain Elyria and Youngstown Warren while 65 major areas faced 6 percent plus joblessness, the highest since 1961.
MENTIONED IN THIS ARTICLE
Washington
UPI
United States
Labor Department
Ohio
Canton
Lorain- Elyria
Youngstown-Warren
South Bena
Terre Haute
McRae
Farmington and Batten
Maine
North Cumberland-Stratford
N.H
Silver City
N.M
Sulphur
Commerce Department
Harold C. Passer
Saigon tightens security for Thieu inauguration amid threats
Saigon police impose the tightest security restrictions in the capital ahead of Sunday’s presidential inauguration for Nguyen Van Thieu. U.S. officials warned of possible terrorist attacks this weekend as clashes occur outside the city, including a downed American helicopter near Bien Hoa.
MENTIONED IN THIS ARTICLE
Saigon
UPI
Seigen
U.S
Bien Hoa
Nguyen van Thieu
Thieu
FBI and Society Debates Over Police Powers and Rights
President Hoover defends FBI limits and rights of the accused, noting self defense rules and constitutional protections. He cites the FBI Academy's 1935 start and prior guidance on informing suspects of rights, while acknowledging past mistakes. A Princeton conference is urged to poll leaders who oversee the FBI and review recent federal court decisions.
MENTIONED IN THIS ARTICLE
Hoover
FBI
FBI National Academy
Supreme Court
Princeton
U.S
Lockard
Seven hour blaze destroys famed Cairo Opera House
Cairo in 1869 landmark opera house burns for seven hours wiping out an irreplaceable trove of antique costumes, jewelry, furnishings, scores and instruments. Fire officials cite possible electrical short or gas leak with minor injuries to two firefighters and no deaths. The loss capped a century of cultural memory in Cairo as authorities probe the cause.
MENTIONED IN THIS ARTICLE
Cairo
UPI
Eugenie
Opera House
Khedive Ismail
Egypt
Suez Canal
Napoleon III
Verdi
Fire Brigade
Middle East
Summer of 42 at College Cinema in Williamstown
At 9 a.m. the College Cinema in Williamstown still shows Summer of 42 starring Gary Grimes Jennifer O’Neill and Jerry Houser under director Robert Mulligan. Harte Theatre offers Billy Jack with GP rating, schedule 7:10 and 9:05.
MENTIONED IN THIS ARTICLE
Gary Grimes
Hermie
Jennifer O’neill
Dorothy
Jerry Houser
Oscy
Robert Mulligan
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Main St
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Banner Publishing Corp
United Press International
New York Times News Service
Matthews, Shannon & Cullen Inc
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B.B.P
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Harte Tes
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Ieee
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Dad
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Monument Plaza
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North Street