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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 25, 1977
Page
1
President Carter released joint returns showing 1976 gross income of 55000 with two key offsets. The Carters avoided any tax through a 208649 investment tax credit and a large peanut business loss, prompting a voluntary 6000 payment as a personal gesture.
President Carter releases a letter to John Henderson of the IRS stating no federal income tax liability for 1976 with net taxable income of 39366.98. He notes that any tax owed was offset by investment credits and proposes paying 6000 as a 1976 tax payment, asking a refund of the remaining prepaid tax.
Weekend Ramble guides readers to explore caves both commercial and noncommercial across Eastern Iowa. The feature highlights cave locations and what visitors may encounter, with photo reportage of Chuck Wagon and Chariot races in Central City by Ga zette photographer L. W. Ward.
In Brief Washington Americans would pay more for natural gas under President Carter energy plan. A proposal freeing gas from all price controls could cost each American 300 to 700 dollars, per a Library of Congress report released Friday. Paris AP West Germany and Japan rejected Blumenthal's call to revalue currencies to curb surpluses, saying it would risk healthy economies.
Partly cloudy and warm through tonight with highs in the 80s and lows mid 60s. A slight chance of thundershowers Sunday with highs near 90. A familiar saying appears in the text before copyright.
The 42nd All Iowa Fair begins at noon with Jim Nabors shows at 6 30 and 9 pm. General admission 2 50, reserved seats 4 5 and 6. Dog races at 2 pm with greyhounds, polo exhibition same time by Iowa City Polo Club, food judging at 1 pm, band performances at 1 and 4 30 pm, junior dairy cattle judging at 2 pm, talent shows at 2 and 7 pm, society horse show at 7 pm, puppet shows daily, and the World Largest Motivated Midway by Century 21 Shows. Hourly Lincolnway bus service 25 cents, free evenings and Sundays from Merchants National Bank.
A sultry day across Iowa saw mid to upper 80s with Cedar Rapids at 88. Clouds hovered over Otis and Stewart roads toward the Prairie Creek power station but did not drop rain. Warm humid conditions with possible weekend thunderstorms threaten the thirsty bean crop.
Administration denials circulated after reports that a National Security Council official asked the CIA for analysis of Chile alternatives. Two government sources confirmed the request, citing Latin American specialist Robert Pastor, while White House, NSC, and CIA spokesmen denied any such inquiry or study.
The Iowa House narrowly advances a new pay package for organized and unorganized workers amid heated discussion. Critics led by Rep. Tauke say the plan creates inequities, while supporters cite overall equal average raises from five to seven percent and six percent for those earning 13 200 or less. An amendment to boost benefits for the unorganized failed 48 to 51. The bill now heads to the Senate as leaders expect adjournment tonight.
Cedar Rapids Mayor Don Canney refused to debate fellow councilman Ed Colton after Colton accused him of stirring trouble to boost his image Colton pressed two pet projects including a fourth police captain and animal control ordinance Canney returned to Cedar Rapids and stated Colton as council member is entitled to his opinion with no further comment
President Carter said in a White House interview that basic changes in Ford era policies have not yielded progress toward a strategic arms limitation agreement. He voiced no guarantees of success and noted efforts include limits on future weapons construction, a freeze on deployment and a demand for a comprehensive test ban. Secretary Vance in Paris cited substantial differences with Moscow on arms limits and human rights, with some areas showing cooperation.
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