Largest Ever Spending Cuts Package Approved
Washington AP reports Congress approved the largest spending cuts in history, totaling 130.5 billion over three years for 1982 83 and 84, in a package linked to a separate symbolic vote to restore a 122 monthly Social Security benefit for about three million people. The measure passed House and Senate with Republican and conservative support and sets stage for a major tax cut package, with deep reductions in welfare health food and education programs and notable food stamp cuts of 1.7 billion and school meal subsidies tightened.
MENTIONED IN THIS ARTICLE
Washington
Congress
House
Democrats
Senate
Reagan
Tax Cut Mop Up Work Continues
A Senate House conference committee agreed to a bigger tax break for retirement plan contributions and a 25 dollar charitable deduction for non itemizers in 1982, with later expansion. Provisions include IRA and company plan exemptions, extended home sale tax-free gains to 125000 for older or disabled sellers, longer reinvestment window, and abroad earnings tax exclusion rising to 95,000 by 1986.
MENTIONED IN THIS ARTICLE
Washington
Senate House
Reagan
Senate
House-Senate
House
Weather Outlook and Tarzan Telegram Incident in Independence
The forecast calls for fair skies and mild weekend temperatures with highs in the 80s and nightly lows in the 50s to 60s. A Monday to Wednesday stretch will be warm and humid with afternoon highs in the 80s and morning lows in the 60s. In Independence a singing telegram courier dressed as Tarzan was spotted changing clothes in public, leading to police admonishment. the man plans to seek more private dressing arrangements.
MENTIONED IN THIS ARTICLE
National Weather Service
Picketed Richlands rally backs two hospitals for town
About 75 pickets gathered at the National Guard Armory in Richlands to urge Governor Dalton to back plans for constructing two hospitals. They opposed a single Humana hospital and criticized health regulations. Dalton did not acknowledge the protest but praised Coleman Miller and Durrett. Coleman pledged jobs and tax restraint while Watt discussed regulatory reform and coal industry protections. Dalton and Coleman will attend a Grundy breakfast today.
MENTIONED IN THIS ARTICLE
Daily Telegraph
Richlands
John Dalton
National Guard
James Watt
Tazewell County
Dalton
Marshall Coleman
Nathan Miller
Wyatt Durrett
Coleman
Virginia
Watt
Watts
Reagan
Durrett
Wytheville
Justice Dept Rejects Blocking Du Pont Conoco Takeover
The Justice Department will not block Du Pont Co. from acquiring Conoco Inc. in a $7.3 billion deal, boosting Du Pont in a three way bid that includes Mobil Corp. and Seagram Co. Ltd. Mobil’s bid was delayed pending additional antitrust information. A consent decree addressing Conoco’s joint project with Monsanto at Chocolate Bayou, Texas, is under negotiation.
MENTIONED IN THIS ARTICLE
New York
Justice Department
du Pont Co
Conoco Inc
Consolidation Coal Co
Mobil Corp
Conoco
du Pont
Seagram Co. Ltd
Mobil
William French Smith
du Pont- Conoco
Acquisi
Monsanto Co
Chocolate Bayou
Texas
Department
Monsanto
William Baxter
Seagram
Plane Search Focuses On McDowell County Missing Private Plane Sighting Reports
State police confirm the missing single engine Cessna 172 that left Mercer County Airport near Bluefield is now the focus of a search in McDowell County. Trooper S L Cox cites sightings of the aircraft over a mountain range from Davy to Bradshaw. radio contact was lost about 11 minutes after takeoff.
MENTIONED IN THIS ARTICLE
Federal Aviation Administration
Also Mentioned on This Page
Superman
Independence
Tarzan
Randol
Hite
Singing Telegram Service
Song
Hite, of
Prairie
Village
Kan
Man of Steel
SAR R
Dear Abby Bulletin Board
Dixon
Church News
Dr. Lamb
Old Dominion
Steeo Creeeeres
Leesan Ween
Miller
Grundy Junior High School
Bluefield Holiday Inn
Mike Fisher
Tion
Shell Oil Co
Belridge Oil Co
McDowell
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