Shapp Tax Plan Prompts Taxpayer Letter and Debate
A West Newton man sends his shirt and a poem to Governor Shapp protesting a proposed five percent state income tax. Shapp replies with a defense of the plan, noting net income, family adjustments, sales tax breaks, and a net gain for the taxpayer, while urging Senate action. Separately, a GAO-commissioned probe finds defense contractors overstate profits by as much as 240 percent, hiding true earnings across 146 contracts totaling 34.256 billion to gain higher returns.
MENTIONED IN THIS ARTICLE
Bob Vertacnik
West Newton
Shapp
Bob
Vertacnik
Pennsylvania
State Senate
Senate
Defense Industry Profits Studied by GAO Spark Controversy
The GAO report Defends a two part survey on defense industry profits. It exposes inflated contractor profits and costly loopholes while noting payoffs and lobbying costs. The piece cites high equity returns and credits retired generals on boards. It also mentions studded tires safety concerns and regulatory measures in several states.
MENTIONED IN THIS ARTICLE
Defense Industry
GAO
Mississippi
Louisiana
Minnesota
Prisons Do Not Deterrence and Reform in Society
A critical essay argues prisons fail to deter crime and notes the system spawns more criminals. It cites Osborne’s reforms, argues for non barred institutions for nonviolent offenders, and laments bail practices that keep suspects jailed. It condemns politics and judges for prolonging punishment and praises potential humane, reforming approaches.
MENTIONED IN THIS ARTICLE
Thomas Mott Osborne
Six Districts Plan Joint School Building Meeting
In Corry Elgin Columbus Spring Creek Concord and Wayne Townships residents will hear about a proposed joint school building to be used by all six districts. Delegates meet Monday at the Columbus Community Church to address questions and details.
MENTIONED IN THIS ARTICLE
Corry
Elgin
Columbus
Spring Creek
Concord
Wayne Townships
Columbus Community Church
Economic outlook split sparks fierce market drama in New York
In New York the stock market shows a split outlook with furious trading and small price moves. Analysts see a tug of war between optimists backing Nixon's goals and pessimists fearing failure, amid signs of firm conviction on both sides and possible catalysts from economic data or Southeast Asia.
MENTIONED IN THIS ARTICLE
New York
Nixon
Also Mentioned on This Page
Milton
Philadelphia
Washington
Genaral Accounting Office
Pentagon
Elmer Staats
Industrial Advisory Council
Board of Directors
Staats
Joint Congressional Economic Committee
Sen
William Proxmire
D-Wis
Z-Corry Journal
Hanoi
U.S
Richard Kaufman
Flying Studs
David Rennie
Kenmetal Company
Latrobe
Tire Industry Safety Council
Jim Bishop
el Ergo
Capua
Rome
England
FBI
Willie Sutton
Red Cross
Stewart
Els
Marilyn
Clifford Gills
Grove City
Wellejus Bakery
East Main Street
Samuel Scott
Mal
Gaurier
John Cunniff
Southeast Asia
John Wright
Wright
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