House Unit Cuts Military Budget
The House Appropriations Committee approved a 19.96 billion defense bill cutting 5.32 billion from Nixon's request to align with Laird's reductions. It preserves 779.4 million for the Safeguard anti missile system, scraps MBT 70 plans, trims biological and gas warfare funds, and calls for broader military cuts.
MENTIONED IN THIS ARTICLE
Washington
House Appropriations Committee
Nixon
Defense
Melvin R. Laird
United States
House
Senate
Korea
George H. Mahon
D-Tex
Pentagon
Congress
Appropriations Committee
Senate House
China
House Committee
Formosa
Senate Foreign Relations Committee
Senate Appropriations Committee
Mills's Panel Backs 15% Social Security Increase
The House Ways and Means Committee voted unanimously to recommend a 15 percent across the board rise in Social Security benefits, effective January 1. Beneficiaries will not see the higher sums until April 1 due to checks and revision timing. The average payment would rise from about 100 to 115 dollars, with retroactive adjustments. The panel deferred welfare-reform action to next year.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means Committee
Wilbur D. Mills
Senate
Congress
Mills
Nixon
Gore Seeks Tax Exemption Increase in Tax Reform
Senator Albert Gore pushes a personal income tax exemption rise from $600 to $800 in the Senate adopted tax reform bill while House opposition and a possible compromise loom. Nixon may veto if included, though White House aides hedge. Mills may seek a conference compromise with Arkansas Democrat Gore, who argues strong House support and a Republican vote margin in the Senate.
MENTIONED IN THIS ARTICLE
Albert Gore
Senate House
Senate
Nixon
Gore
Wilbur D. Mills
House
Ways and Means Committee
Treasury
White House
Ronald L. Ziegler
Mills
Small Man Gets Biggest Break In Tax Plan
Washington AP reports Sen. Albert Gore proposes raising the personal income tax exemption from 500 to 800 over two years, benefiting low income and large families. The plan reduces taxes for some earners at 5 000 and 10 000 incomes, while a Hartke amendment seeks to exempt the first 20 000 of investment income from a repeal of the investment credit, cutting revenue and aiding small business firms.
MENTIONED IN THIS ARTICLE
Washington
Senate
Vance Hartke
D-Ind
Hartke
House Liberals Defy McCormack on Poverty
Washington AP report on a deep split in the Democratic House over antipoverty legislation. Liberals forced a postponement against Speaker McCormack as Perkins and others pressed to delay to boost support for a bill keeping the current program with tweaks. Republicans and Southern Democrats countered with an alternate plan to shift control to the states, while Nixon and Rumsfeld opposed the substitute.
MENTIONED IN THIS ARTICLE
Washington
John W. McCormack
House
McCormack
Curren House
Carl B. Perkins
D-Ky
Education and Labor Committee
Perkins
Nixon
Donald Rumsfeld
Also Mentioned on This Page
U.S
Berk
Ption
Armed Forces
Berkshire Eagle
Pittsfield
Massach
Atomic Energy Commission
Los Alamos
N.M
Associated Press
Tol
AOK
Omy Slate Board
O'Brien
Artist
C. M. Farrell & Sol Inc
South Church St
Rocers Jewelry
The
Berkshires
Ladies
Benrus
North Street
Creer
Boston
High Street
Tere
Che Pink Sleigh
E. Canean
Cann
Electric Shop
North S
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