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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 25, 1981
Page
4
President Reagan left the Cancun site after a 22 nation summit where he praised initial steps toward cooperation between developed and developing countries. He committed to no sweeping changes but supported negotiations to reduce poverty and improve food security while signaling goodwill to accelerate mutual benefits.
Secretary of State Alexander Haig praised the two day Caribbean conference as a successful step toward global cooperation. Reagan and other leaders departed the resort with a vague final pact urging UN negotiations to alleviate poverty, pleasing the administration. Haig noted warm relations formed with leaders, none of whom showed adversarial stances.
Rome mayor Ugo Vetere led a diverse protest of Communists and social groups against missiles at Comiso and Soviet missiles in Europe. Organizers claimed about 300000 participants while reporters counted over 200000 along a mile long procession near the Soviet Embassy. In London, protesters marched from Trafalgar Square to Hyde Park chanting Ban the Bomb and blocking traffic.
A government health education official notes progress toward a draft redefine blood pressure thresholds. The effort seeks alignment between WHO border line and definite hypertension terms and clinical practice categories, with final committee scrutiny possible by spring.
Poland announces a two month extension of tours for soldiers due for discharge this month. The move raises effective military strength by about 25 percent with most troops kept for emergency winter duties. Western diplomats see a psychological aim amid rising disorder.
The Economic Recovery Tax Act of 1981 cuts estate and gift taxes by expanding the marital deduction to unlimited transfers after 1981, potentially avoiding taxes entirely between spouses. It raises the unified credit from 175 600 to 225 000 in 1982 and gradually to 600 000 by 1987, urging reviews of wills and estate plans.
The Economic Recovery Tax Act of 1981 lowers estate taxes for many landowners. Retroactive provisions apply to deaths after 1976 for farm or business real estate inherited after 1977. Seek professional advice to tailor estate plans and avoid pitfalls. advisory sponsored by The Iowa State Bar Association in Des Moines.
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