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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Oct 27, 1976
Page
2
The piece argues the attorney general should be elected rather than appointed. It critiques current appointive power under governors, noting bipartisan support for reform and the risk of acting only to suit the governor. It concludes with skepticism about the current system until constitutional change occurs.
The piece recalls Leonard Lyons and a hall of fame of midcentury writers. Jim Bishop reflects on mortality in journalism, naming Ed Sullivan Hy Gardner Walter Winchell and Damon Runyon among others, noting their quirks, rivalries, and the pressure faced by younger reporters at major political events.
The 1976 tax reform raises the IRA contribution cap in 1977 from 1500 to 1750 for couples with one nonworking spouse. It allows up to 1500 deduction at 15 percent of earned income, with tax free growth on earnings. To qualify, individuals may set up two equal accounts or a single 1750 with two sub accounts, and no penalty on excess contributions beyond deductible amounts.
The article outlines rules for retirement contributions and early withdrawals to avoid penalties, including limits for individual and spouse IRAs and Keogh plans. It compares Nixon and Eugene McCarthy tax deduction schemes, detailing McCarthy’s foundation and IRS scrutiny over charitable deductions for campaign papers.
The IRS probes whether Senator McCarthy reported sufficient details on a 1969 tax deduction tied to the donation of campaign materials. The Washington HQ asked offices for all campaign items, including memos and photos, as Abigail McCarthy led the effort and the papers were moved to the McCarthy Historical Project.
A legal discussion notes that handwritten additions to rental forms can override printed terms, with court practice favoring inserted language when clear. It cites cases on lease renewals and drafted obligations, and mentions IRS and international meetings to illustrate interpretive fairness and the weight of party-drafted wording.
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