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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 22, 1963
Page
2
Sylvia argues a tax reduction will not simply be saved but spur growth. She cites data showing Americans spend about 93 cents of every dollar and save seven, with a $5 billion cut boosting the economy by about 4.6 billion in output and supporting jobs and investment.
State Sen. John Shoeman said Southwestern Iowa may not face heavy competition between a proposed private college near Denison and a new state college extension in Ames Cedar Falls or Iowa City. He noted a subcommittee may study creating a state school and possible extension to one of the three institutions.
IRS warns taxpayers to fill every line on income tax returns to avoid delays from incomplete or incorrect filings. The 3468 investment credit form caused the most trouble, affecting business readers and self employed individuals alike.
An IRS spokesman notes that Form 3468 directions printed on the back guide filling each line to avoid errors. The credit is a direct reduction of income tax, not the total tax, which may include Social Security, and only applies to the income tax portion.
Walter Dickie Hudd, age 65, known for portraying Lawrence of Arabia on stage and screen, died Sunday from a coronary thrombosis in London.
Eight subcommittees of the Iowa Senate Appropriations panel were named by Sen. John Shoeman. East Iowans include D. C. Nolan and George Scott on the Board of Regents, Irving Long on the Board of Control, and R. O. Burrows Sr on the Conservation Commission, with Mar tin Wiley and Adolph Elvers also assigned to multiple panels.
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