Supplementary budget items cut taxes and fund housing
The budget cuts income tax by 650 million reducing the yearly fund by 1200 million and lifting average weekly earnings by three percent. It adds 150 million for savings banks to support housing, welfare housing funds, and a PAYE deduction from January 1. Wage indexation is delayed until March CPI. Company tax moves to 24 percent for public firms, private firms to 45 percent overall. Industry aid shifts include motor vehicle and textiles support with new guarantees and import duties. public service expands trainee intake and school leaver recruitment.
MENTIONED IN THIS ARTICLE
Savings Banks
Conyul
Sreck
PMs breathing space plan and economy measures outlined
The government announced income tax cuts totaling 650 million to compensate unions for higher living costs and push wage restraint to April. It cut company taxes by 24 percent and asked the Prices Justification Tribunal for reasonable margins to restore profitability and spur investment and jobs.
MENTIONED IN THIS ARTICLE
Busi
Eonom
Sai
Whitlam
Crean
Telia
Mers Nk
Wild jeering during Prime Minister speech interrupted
Part of the Prime Minister statement drew uproar from Opposition benches as they interjected repeatedly. Mr Whitlam denounced Mr Snedden, while MPs clashed over interruptions and calls for order. The Speaker warned MPs to stop interjecting as the speech neared its conclusion.
MENTIONED IN THIS ARTICLE
Warn
Nthe
Mc Ponner
Hayden
Labor seeks talks on Canberra growth border plan
NSW Planning Minister Sir John Fuller said talks on Canberra expansion began only after the Federal Labor Government rejected a prior cooperative development proposal. Documents claimed to be letters among Federal and State authorities were confirmed by Whitlam Uren and Sir Robert Askin. The letters discuss extending the ACT and perhaps expanding the Australian Capital Territory to accommodate growth. Sir John Fuller avoided specifics while Sir Robert Askin indicated Canberra discussions should focus on the present border area and potential extension.
MENTIONED IN THIS ARTICLE
Canberra
Labor
Nsw
John Fuller
Sir John
Rowth
Whit
Uren
Robert Askin
Fone
Assian
John Foll
John
Robert Asta
Computer Fault Skips Several News Reports
Due to a computer breakdown it is regretted that multiple news reports could not be included in this edition of The Canberra Times. The issue notes the impact on coverage and apologizes for any inconvenience to readers awaiting stories.
MENTIONED IN THIS ARTICLE
Canberra Times
Canberra ‘Times
Trean
Air
Whitlam outlines extra demand measures to revive economy
Whitlam announced eight further demand stimuli to bolster the economy amid low business confidence and inflation risk. He touted tax cuts, wage guidance, and private sector support including housing finance and a long term motor vehicle plan while warning against cutting government spending.
Housing loan tax savings announced for 1975 rules
Tax savings details from a November 12 1974 announcement show deductions for housing loan interest of 1000 per year with a dependent wife and children. Other deductions for dependents and non dependent items are specified with varying rates, applying from January 1 1975. Weekly and annual figures list amounts for individuals named Susie Sak and Santon with computed tax savings.
Driving cases to go on Driving cases to go
Police will ACT anc is prone te aching to ’wich have’ ranked ap iece of appeal to Ne ACT Supe reme Court. the perils of inaction on proposed world Loodsie ourily syntem are much greaire than the fast and rinks. Harold Fry writes in a continuing serson on starvation. the Midas date toe Ut today. The MOC will play only. Tour specialist. batsmen ft Mamuka today im in match quint 5 com bined ACT Sowinern NSW XI Back page OTHER PAGES Finance Special 2525 Ioehpor T5L
MENTIONED IN THIS ARTICLE
Anc
Harold Fry
Mamuka
Act
Sowinern Nsw XI
No-confidence motion in Treasury Chief Crean
The Leader of the Opposition, Mr Snedden, gave notice in the House of Representatives that he will move a vote of no confidence in Treasurer Mr Crean. The motion accuses Crean of eroding his authority during a period of economic trouble, rising unemployment, inflation, and housing weakness, amid questions from Mr Whitlam about Crean’s tenure and future portfolio.
MENTIONED IN THIS ARTICLE
Snedden
Mr Crean
House of Representatives
Patsy
Sinclair
Wertensucsenstal
Ellewly
Crean
Australia
Moat Eal Sonidoy
Wit Secord
Riage
Sandl
Cap Wit
Questim
Pytoe
Mtr Whitlans
Yestersay
Williany
Also Mentioned on This Page
Industries Assistance Commission
Mr Whitlam
Parliament House
Black Mountain Peninsula
James Hurren
Queens
P.M
Stinpart
Cope
Ec Ae
Ion Wan
Snedlen
By Bruce Wright
Warrest
Gorton
McMahon
Mer Act
Commonwealth
Mit Whitlam
Lake
Arbitration Commission
Jam
Furtion
Queensland
Heidhe
Jon
Wates
Bat Hovenber
Sunet Sares Walisye Sarlirton
P.L.O
Midas
Ioehpor
By Gay Davidson
Nials
Simlaie
Aly Lowell
Whitam
Whitlam Aaid
Notteys
Vngag Okc
Salem
Penh
Dari
Demian
ANSE
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