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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 17, 1981
Page
5
The 12,000 federal air controllers have been fired with no planned recall, a decisive move to deter public sector strikes. Reagan ties the action to public welfare while warning of ongoing air safety measures. The piece links labor policy to dairy and grain policies and notes surplus butter and Soviet trade signals.
William L. Rusher notes the fight between Congress liberals and New Right opponents intensifies. He cites Rep Stephen Neal who faced NCPAC pressure to back Reagan tax cuts, calls it attempted bribery, and argues free speech allows political praise or condemnation ads. He compares to Sen Fritz Hollings who joked about Times criticisms.
M Stanton Evans lauds Reagan energy moves, noting removal of petroleum price controls in 1981 spurred drilling, slowed domestic production slump, boosted conservation, and moved supply and demand toward balance. He highlights lower imports, OPEC overproduction, and gas prices easing from $1.45 to about $1. Aimed at countering price control critics, the piece argues decontrol restored market equilibrium.
Ray Cromley explains an investment provision in the revenue bill favoring middle class wage earners. Beginning next January, opening a reinvestment account with a utility can yield favorable after tax results through dividends and a stock discount, effectively boosting returns for those in specified 1982 tax brackets. The scheme applies to utilities with capital gains treatment after 12 months, highlighting the bracketed benefits for single and joint filers across income levels.
Washington reports that a State Department aide secretly taped a July 8 Senate Foreign Relations Committee briefing. The recording was discovered after being left behind, prompting a groveling apology from Maxwell Fairbanks to Senator Charles Percy and raising questions about Haig’s staff conduct and possible past leaks. Keith Schuette remains employed with only a reprimand, fueling Senate doubts about accountability.
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