Reagan denounces state tax deduction as unfair
President Reagan condemned federal tax deductions for state and local taxes as unjust since only about a third of taxpayers benefit. He argued the plan would end the deduction, noting New York officials and Governor Mario Cuomo oppose it, while opponents warn of budget effects and loss of investment tax credits.
MENTIONED IN THIS ARTICLE
Washington
Reagan
White House
New York
Mario Cuomo
Executive Office
Ohio
Pennsylvania
Donald T. Regan
Congressional Budget Office
Bankers warn Latin debt threatens US security and democracy
Two bankers told Congress that Latin America's multibillion debt endangers U.S. security and new democratic governments. Sally Shelton-Colby of Bankers Trust warned that sustained growth is essential for stable cooperation, while Christine Bogdanowicz-Bindert of Shearson Lehman stressed risks to alliances if countries dissolve.
MENTIONED IN THIS ARTICLE
Washington
Congress
Latin America
U.S
Hemisphere
United States
Central America
Sally Shelton- Colby
Bankers Trust Co
New York
House
Christine A. Bogdanowicz-Bindert
Shearson Lehman Brothers Inc
Stocks Rise to Record Highs on Broad Market Rally
New York stocks surged to record levels as the Dow Jones industrial average hit 1332.21, the transport index rose to 663.04, and the NYSE composite and S P 500 both set highs. Advances outpaced declines about 3 to 2 with heavy volume across NYSE, AMEX, and Nasdaq led by IBM, Burroughs, and Digital Equipment. Airline stocks gained on takeover chatter while Baxter Travenol and American Hospital Supply moved on bids and mergers.
MENTIONED IN THIS ARTICLE
New York
Dow Jones Transportation
Standard & Poor
NYSE
American Stock Exchange
International Business Machines
Burroughs
Data General
Merrill Lynch
Phibro-Salomon
First Boston
Pan American
AMR
NWA
Delta
American Hospital Supply
Baxter Travenol
Hospital Corp. of America
American Hospital
Record May deficit sets US budget red ink mark
Washington notes a May deficit of 40.5 billion dollars, the largest monthly shortfall on record, boosting eight month total to 156.2 billion and fueling forecasts of a 203.2 billion full year deficit. Congress and Reagan administration face stalled talks over Social Security and broader budget cuts.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Reagan
Congress
Administration
Also Mentioned on This Page
Mobil
Critech
IBM
NYNEX
DeltaAr
Ss Oklage
Tenaco
Ss O's
DowCh
Texaco
Kmart
At&t
KaisrAl
Amoco
Exxon
US Steel
Avnet
PhilaEt
Te BellAd
GenEl
Mgmgr
PhilPet
William
BellSou
WinDix
Bub
Wheat First Securities Inc
Acton
Hou Oil Tra Mohasco
Scoa Ind
Allied Corp
Natl Gypsm
Sara Lee Corp
Amer Brands
Dm PI Hughes Tool
NatiMnSve
Amerada Eb
Dminion Res
Ingersoll
Newmat Mng
Hm Prod
Duke Power
Inexco S
Nik Sthn
Sthrn Co
Amer el Pwr
Mnris
NoAmCoal
Sou Roy
Eastern
G&f
Ohio Edison
Amer Family
Jim Walter
Spectra Phy
AMF Inc
Emis el
J&j
Occidental
Strer
Ashland Oil
Ethyl
Kaneb Sves
Cabot Corp
McDonalds
Potomac el Clorox
Gif & Wst
Media Gn
Pyro Enrgy
WarnerCom
Cro Pwr
Hanna Min
Marion Lbs
Quak
Warner Lamb
Celanese
Mark
Reviow
Cstl Cp
Mesa Petr
Ryalds Inds
Wstra UN
Coca Cola
Ferenes Mesa Roy
Robins AH
Westnghse
Col Gas
Msa
Ofshr
Robershaw
Whittaker
Hosp Corp Rockwell Intl
Wilms Elec Sa Comb Eng Hous Ind
Mtchl Enrgy
Fortune
Glaxo Holdings
Apple Computer
Kincaid Furniture Inc
Sty Atlantic Research
Wy Ladd Furniture Inc
Bassett Furniture
Magnet Bank
Benafuels Inc
Jmci Communication
Bluefield Supply
Burke Parsons
Cadmus Communiiations
S& K
Famous Brands
Dibrell Bros
Dominion Bankshares
Sovran Financial
Figgie Int! Holdings
Starr Surgical
Westmoreland Coal
First Carolina
Williams Industries
Senate
Stone É Homes
Lady Arrow
S-M-L
Devon
Mercer Mall
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