Oil-depletion allowance preserved in windfall tax debate
The Senate rejected an amendment by Sen. Leahy to remove the depletion allowance for oil producers, keeping a 22 cent deduction per dollar earned. vote 57-37. The panel also approved increasing the windfall tax on new oil to 75 percent and altering the phase-out schedule, potentially adding billions to the tax through the 1980s and 1990s.
MENTIONED IN THIS ARTICLE
Washington
Senate
Patrick Leahy
D-Vt
House
Carter
Leahy
Robert Dole
R-Kan
Dole
Finance Committee
Sens
Bill Bradley
Dn.j
John Chafee
R-R.i
U.S
Sen
Daniel Patrick Moynihan
D-N.y
Court asked to rule on president power to end Taiwan pact
Supreme Court asked to decide if Carter had authority to terminate a 25 year old defense treaty with Taiwan. The suit, led by Sen. Barry Goldwater and 24 others, follows the Jan 1 end of the pact amid normalization with mainland China. A district court sided with Carter. an appeals court supported him.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Taiwan
Carter
Barry Goldwater
R-Ariz
Congress
China
Saudi government ends Mecca siege with leader killed
Interior Minister Nayef bin Abdul Aziz says 75 extremists killed and 170 captured during two week operation. Seizure of the Grand Mosque began Nov 20 with 60 Saudi troops dead and 200 wounded. The attacker leader Mohammed bin Abdullah Al-Qahtani, 27, proclaimed mahdi after dawn occupation. He will remain as government chief until the new year before a successor takes over.
MENTIONED IN THIS ARTICLE
Riyadh
Saudi Arabia
Mecca
Nayef bin Abdul Aziz
Mohammed bin Abdullah Al-Qahtani
Kennedy vows to aid blacks in Washington church
Senator Edward Kennedy addressed about 1000 people at Shiloh Baptist Church in Washington announcing his support for a national holiday honoring Martin Luther King Jr. and pledging ongoing civil rights work. Protesters interrupted briefly as ushers and Secret Service removed several from the church. Kennedy, seeking the 1980 Democratic nomination, recalled his brothers John and Robert Kennedy and emphasized walking with the inner city community beyond this year. He also hosted a lunch for about 350 women and criticized Carter administration outcomes for women.
MENTIONED IN THIS ARTICLE
Washington
Edward Kennedy
Kennedy
John
Robert
Communist Workers Party
Greensboro
N.C
Secret Service
Shiloh Baptist Church
Martin Luther King Jr
Washington, D.C
Re election campaign kicks off without Carter
President Carter begins his re election bid but remains at the White House due to the Iran crisis. Rosalynn Carter Mondale and surrogates hit the campaign trail as the president explains he must lead responses at home. The Plumbers Union endorsement adds support.
MENTIONED IN THIS ARTICLE
Washington
Carter
Iran
White House
Rosalynn Carter
Walter Mondale
East Room
Rosalynn
Mondale
Jody Powell
CBS
Plumbers Union
Lynch to retire from politics after year end in Ireland
Irish Prime Minister Jack Lynch, 62, announces retirement from politics at year end. Leader of Fianna Fail since 1966, he steps down as party seeks stability amid ongoing government affairs.
MENTIONED IN THIS ARTICLE
Dublin
Ireland
Jack Lynch
Lynch
Fianna Fair Party
Kennedy deal on death penalty fuels political storm
Capital punishment opponents charge that Senator Edward Kennedy struck a political deal with death penalty supporters to push a federal criminal code overhaul. Kennedy says he did not.
MENTIONED IN THIS ARTICLE
Kennedy
Washington
Edward Kennedy
Senate Judiciary Committee
Shattuck
David Landau
Sen. Kennedy
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Muscoda
Wis
Robert Vesco
Vesco
Bahamas
NRC
Nuclear Regulatory Commission
House-Senate
House of Representatives
City UK
New Haven, Conn
Board of Alderman
Frank Logue
Zimbabwe
London
Patriotic Front
Rhodesia
Commonwealth
Shridath Ramphal
Associated Press
Joshua Nkomo
Robert Mugabe
Lord Carrington
Carrington
House of Lords
Salisbury
The
American Civil Liberties Union
John Shattuck
ACLU
Kingston Scotch
Ite
Robert Bruce & Company
Chicago
Schrancks & Shaw Company
Ill
Pearle Vision Center
Don Adams
Searle Company
Cedar Rapids Westdale Mall
Edgewood Rd
Lindale Plaza
Searle Optical Inc
Dallas, Texas
USA
Collins Employees Credit Union Savers
Collins Employees Credit Union
T-Bill
US Treasury
Money Market Certificate
Treasury
Collins
Tellerematic
Collins Employeey Credit Union
42Nd St
Cedar Rapids
Iowa
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