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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 08, 1979
Page
6
The Iowa Commerce Commission delayed emergency lifeline rate cuts as President Carter expands aid. The plan would have lowered electric costs for elderly heads of households near poverty, funded by business customers, but the ICC rejected the approach citing broad impact concerns.
Amid Iran tensions the Carter administration moves to punish Chile for not extraditing three former police tied to Letelier’s 1976 Washington assassination. Critics say measures are too meek as options like export controls and embassy cuts are limited and no outright ban is imposed.
Since World War II three nations stopped inflation, each after bold political moves and under favorable political circumstances, enabling acceptance of those hard decisions.
The letter reflects on postwar inflation trends in Germany and France, noting how Erhard and De Gaulle trimmed budgets and subsidies to restore currency value and curb inflation. It laments U.S. wage taxes tied to rising incomes, mourns a doctor leaving Cedar Rapids, and argues that disciplined money supply and budget cuts curb inflation, linking to Eisenhower era policies.
The piece notes the shah's treatment in New York, cites the ayatollah and a gallstone from Vancouver, and reports Kissinger denying pressure on immigration. It also mentions Rep. Hansen's Iran trip breaking holiday junket norms at taxpayer expense.
Universal Press Syndicate argues that the 1976 carry-over basis provision threatens estates especially those with large stamp collections like Dean Griswold's. It contends Congress should repeal or amend the provision to prevent drastic tax effects on heirs and cites Senate votes and proposed Fisher substitution as alternatives.
An analysis reveals Soviet use of forged documents to discredit the United States. The DIA and a confidential government study warn of ongoing falsifications tied to Moscow, East European allies, and Cuba. Earlier forgeries attributed to Carter and Mondale show a persistent campaign to sow disinformation.
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