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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 28, 1976
Page
5
Sen Burleson seeks a $200000 exemption for farm estates while Harkin backs a $50000 inheritance tax credit. Hart argues the reform benefits large estates more, warning against a farm-specific break that could invite tax avoidance and economic distortion. He promotes estate planning via partnerships and family farm corporations to preserve farming continuity.
Hart proposes two tax credits for inheritances that mimic a 60 000 exemption and Burleson cites a 200 000 exemption. The 18 000 credit resembles the current threshold, while 50 700 aligns with Burleson’s. The credits would affect federal revenue modestly, with larger estates paying more tax under some scenarios, and small estates gaining relief across the board.
A reader compiled a dense list of church names, addresses, and service times in Marion and surrounding areas. It includes Antioch, Grace, St Paul, and many others with morning and evening worship, Sunday schools, and special notes about events. The record reflects a snapshot of local religious life, with multiple denominations and a reference to a Bicentennial note about George Washington.
Ash Wednesday services scheduled next week at Ascension Lutheran church and First United Methodist church in Marion. Rev. M C Hagedorn speaks at Ascension at 8:00 a.m. on A Loving Heart. Communion at 6:45 p.m. at the Methodist youth center. YMCA Sunday schedule lists family open gym and pool hours from 1 to 4 p.m.
Republican Chairman Mary Louise Smith blames Democratic leadership in Congress for most national woes and urges strong focus on congressional races. She warns that without a GOP win in Congress, broader efforts may fail and calls for an all-out effort to elect a Republican Congress while avoiding direct presidential candidate endorsements.
In Marion magistrate court on Friday Erastus Spencer of Cedar Rapids faced speeding charges with a $23 fine. Gordon Siebels of Anamosa and Donald Seeman of Lisbon were fined $35 and $28 respectively for intoxication related offenses. Mark A. Ricklets of Sun day jail term was noted for driving while license was denied or suspended. Valeri Thorson of Cedar Rapids had $35 bond forfeited. Robert L. Wells of Anamosa also appeared with a $28 fine.
Curt Schneider a Wartburg seminary third year theology student will speak at 10:30 a.m. worship Sunday at the Lutheran Church of the Resurrection. The 1972 Wartburg College graduate recently interned in Albertsdorf Germany and now resides in Wyoming. His wife teaches in the Midland school district.
The Senate Finance Committee approved a tax cut proposal totaling up to $20.6 billion for 1977, about $8.5 billion less than President Ford proposed. Chairman Russell Long led the two week session, with a view to channel funds into social programs rather than further tax cuts.
Madrid and other cities faced truck blockades and street clashes as labor actions shut down major highways and disrupted transport. Officials reported more than 300,000 idled and about 50 injured, including police, amid nationwide strikes touching 12 industries and extending to teachers and airport staff.
CHICAGO AP Gasoline prices have fallen for months and still have a little way to go before rising again March viewed as grace month. Crude prices trend down with a hefty retail decline followed by a slow rise in April. Stannard Oil Indiasta Amoco cut heating oil by two cents, Getty Oil cut wholesale gasoline and other prices. Regular gas had hovered about 50 cents.
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