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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Oct 13, 1976
Page
2
The column cites former Agriculture Secretary Butz and past public figures like Truman and Cleaver, noting the leaked apocryphal remark but arguing he should not be burned for it. It frames the episode as a leak and a common flaw among public figures rather than a defining crime.
Sylvia Porter explains that the 1976 tax reform changes the deduction for employment related child and dependent care to a credit. One dependent yields up to 300 dollars, more yields up to 800, with 20 percent of qualified expenses creditable. The credit applies regardless of where expenses are incurred.
The article explains how the 1976 law broadens eligibility for the child care credit beyond the old deduction. It details scenarios for divorced, single, and working couples, noting that payments to relatives must be non dependent and taxed, and gives an example showing a reduced tax break under the new credit compared with prior deductions.
Pennsylvania Assemblyman and publisher Dave Turner warns that state government costs are spiraling. He cites General Fund expenditures rising from 2.625 billion five years ago to 3.992 billion this year, an eighty-nine percent jump, and asserts total expenditures exceed all administrations since World War II.
The piece argues lawmakers adjournment shortsightedness lets the Federal Renegotiation Board fade into irrelevance, despite potential billions in recovering excess profits from defense contractors. It highlights Proxmire’s push to strengthen the board, Long’s blocking, and the board’s current status as ad hoc and under threat amid lobbying and political maneuvering.
Milton built fortunes and a high rise in Florida, foresaw recession, and invested in bonds. His circle included family friend Paul Sayrs who called him Milt, while his generosity bordered on obsession for some. In late August his health failed as pills and beer masked symptoms, and despite doctors, he died quietly with Dorrie at his side. The narrator reflects on a life of risk, glamour, and loss.
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