Congressional Panel Backs 12 Billion Tax Cut Plan
The congressional joint economic committee urged tax cuts up to 12 billion dollars a year to boost the economy and avert a recession. It favors a per dependent tax credit of 225 dollars over exemptions, calls for wage and price guidelines, and warns that without moves unemployment could rise.
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Brooke, Laird urge tax on gasoline
UPI reports Senator Edward Brooke and former Defense Secretary Laird called for higher gasoline taxes with rebates for the less affluent and for car weight taxation. They also proposed replacing the highway trust with a general fund supporting transit and social programs, while urging immediate steps like gas rationing.
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City Rejects Low Bid on 45 in 1 Bridge Dam
Cedar Rapids city council rejected a joint bid from Cramer Bros. Construction Co. and Jensen Construction Co. of Des Moines for the Cedar River dam and adjacent highway bridge project. The $12,911,000 bid, with the city’s share at $7,750,000, exceeded expectations and was contingent on city approval.
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Woman prompts elevator operator with Christmas joke
A shopper stepping into an elevator is greeted by a sulky operator who asks for her floor. She replies with a sharp quip, saying six if it isn’t out of your way. The brief humor ends with a playful sting on politeness.
Supreme Court ruling on presidential clemency powers
The Supreme Court voted 8 to 3 that a president may impose conditions when commuting sentences. Chief Justice Burger led the majority, rejecting arguments that conditions are limited by statute. The decision stemmed from the case of Maurice Schick, a master sergeant condemned to death who was commuted to life with a parole bar. The court said clemency powers flow from the constitution and need not be statutorily authorized.
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CIA Figures Face Domestic Spying Allegations
Washington sources say James Angleton and counterintelligence chief Iris CH are amid questions over alleged domestic operations. The New York Times report prompts calls for investigation. officials pledge cooperation and scrutiny amid Senate inquiries into CIA actions and possible defector insights.
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No Fraud Tax Bill: Nixon Owes 11544 in NY Back Taxes
New York state tax officials disclosed that former President Nixon owed 11544 in back taxes for 1969 from the sale of his Manhattan apartment. State Tax Commissioner Marion Procaccino said the amount included taxes, interest and penalties and was paid in full last week after an eight month inquiry. The investigation began when a special congressional panel flagged federal tax concerns. The commissioner noted no fraud and that Nixon, via counsel, waived confidentiality.
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Coal Production Back to Normal After Wage Pact
PYPPSBURGIE United Press International reports that soft coal output returned to normal after 4,500 mine construction workers ratified a new three year wage contract. Workers had picketed in several states, ending a two week stoppage as 120,000 miners resumed work under the renewed agreement.
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