Five Republicans Propose Alternative Budget Challenging Reagan
Five GOP senators led by Lowell Weicker outline a budget plan to repeal this year’s 10 percent income tax cut installment and future automatic tax cuts, seek $58 billion restored for social and environmental programs over five years, signaling potential defections from Reagan on defense and taxes. The move follows a Budget Committee shift toward cutting next year’s defense buildup and points to possible GOP–Democrat coalitions on fiscal policy.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Senate
Lowell Weicker
R Conn
GOP
Chamber
Weicker
Charles Mathias Jr
Maryland
John Chafee
Rhode Island
Robert Stafford
Vermont
Mark Hatfield
Oregon
Senate Democrats
Hatfield
Appropriations Committee
Financier Calls Last Year High Rates a Money Market Fans
A financier dubs last year's high interest rates as money market fans in a colorful remark. The comment reflects market chatter and investor mood during a volatile period for lending and borrowing.
Thousands Lose Homes as Dixie Floods Worsen
Floods from nearly 2 feet of rain push Gulf Coast displacements past 27,000 with damage in the hundreds of millions. Ten dead across Mississippi Louisiana and Tennessee include six in Mississippi and three in Louisiana as Governor Treen notes 40 000 homes flooded and evacuations doubled in four days. Civil Defense chief Thornhill laments Marion County destruction. Five Cedar Rapids volunteers head to Baton Rouge to aid victims.
MENTIONED IN THIS ARTICLE
Dixie
Gulf Coast States
Mississippi
Louisiana
Tennessee
Jim Thornhill
Columbia
Miss
Marion County
Dave Treen
Alabama
Drug bust in Linn County arrests 28 in five months
Cedar Rapids police arrested 28 people on drug charges ending a five month investigation. About 90 inmates filled Linn County Jail, with 24 adults brought in and others detained in juvenile facilities or held elsewhere. Bonds started at 1000 dollars as night operations continued and more arrests were expected.
MENTIONED IN THIS ARTICLE
Vanessa Shelton
Linn County
Cedar Rapids
Benton County
Linn
17Th St
Fifth Ave
A Ave. NW
Fifth Avenue
Grassley proposes defense spending freeze draws Senate ire
Iowa senator Charles Grassley called for holding defense spending at the FY 1983 level for two years. His plan drew sharp rebukes from supporters of Reagan defense policy and critics on Capitol Hill, though it did not reach a vote. Senator John Tower called it draconian for the budget, while Senator J. James Exon noted the contrast with the Reagan plan. Grassley joined a group voting against the Exon proposal in a 17-4 committee vote.
MENTIONED IN THIS ARTICLE
Washington
Thomas O'Neill
Kremlin
Reagan
Charles Grassley
White House
Grassley
Iowa
O'Neill
Sen
John Tower
Senate Armed Services Committee
Tip O'Neill
J.J. Exon
D-Neb
Steven Symms
Idaho
Orrin Hatch
Utah
Tower
Mosher resigns post as state comptroller
Ronald Mosher announced his resignation as Iowa state comptroller to become vice president and controller at Life Investors Inc. in Cedar Rapids. He will start in about a month and says the move is voluntary and not due to worsening state revenues. Branstad and others say he was not pushed out.
MENTIONED IN THIS ARTICLE
Ken Sullivan
Des Moines
Ronald Mosher
Life Investors Inc
Cedar Rapids
Mosher
Robert Ray
Life Investors
Terry Branstad
Iowa
Ray
Branstad
Also Mentioned on This Page
Farm
Marion
U.S World
Gazette
Greg Mellis
Mike Bruggeman
Adams Industries
Sixth Avenue
David L. Langford
Baton Rouge
Capitol Hill
Exon
Pete Domenici
R-N.m
Senate Budget Committee
C.R
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