Opinion: Tax limits on merger debt loom
In Our Opinion the proposed Mills bill would curb the use of debt in mergers by limiting interest deduction to 35 percent of the purchase price and taxing gains at the time of exchange. Critics doubt it will stop deals, while supporters see a needed curtailment of “funny money” takeovers.
MENTIONED IN THIS ARTICLE
Wall Street
Wilbur Mills
Arkansas
Tempo
Rep. Mills
House
Ways and Means Committee
Pennsylvania lawmakers wrestle with tax plans and racing queries
The legislature after a six week recess weighs funding gaps in state colleges and scholarships, and faces clashes over tax proposals. A push to investigate a fifth harness racing track targets Erie and Philadelphia inequality. Debates over a single state transportation department, aid to non public schools, and a Commonwealth Court edge toward early action. Wiretapping and lowering the voting age emerge as contentious issues.
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Pittsburgh
Erie County
Bill Lesler
Anita Kelly
Cone
Frank Polaski
Kelly
Erie
Philadelphia
Bucks County
Hayes
David Hayes
Mercer County
Everett Dirksen
Herb Fineman
Ho Chi Minh
Shafer
Senate Committee On Education
House
Senate
Best Collections Memories Over Stamps Coins and Silver
New York AP column muses on collecting memories as the prized possession with enduring appeal. It asserts memories outlast others, are shareable without loss, and avoid costly safes, contrasting with old tools, penny postcards, and bygone social scenes while recalling lighter era details.
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New York
Remember Those Were The Days Hal Boyle Recalled
Hal Boyle writes of past labor lessons Saturday grocery clerking and learned habits like balancing a pencil on the ear. Family kept cookie jar money to tide crisis before payday while barbershop quartets feared no race riot. Marion Davies built a Santa Monica beach home amid a life of servants.
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Marion Davies
Santa Monica
Historical Mayhem on Violence in Sport Across Ages
Paul Harvey notes a paradox as violence is condemned in streets and campuses yet celebrated in stadiums. From bullfighting in Crete and medieval tournaments to chariot races and the Roman Coliseum, sport has long embraced brutality. Only China largely avoided such cruelty, while modern football with gear and rules likely marks a civilizing progression despite occasional fatalities.
MENTIONED IN THIS ARTICLE
Bob Oates
The
Los Angeles Times
San Diego
Today In History highlights from Corry Evening Journal
On this date Sept 16 1960 key events include Antietam begins in 1862 causing Lee to abandon his invasion and the 1919 incorporation of the American Legion. Other notes cover historical name changes 1630 Boston, Louis XIV birth 1638, 1920 Wall Street bombing, 1963 Malaysia formation, plus a note on James E Webb’s retirement.
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Maryland
Robert B. Lee
Shayrout
Mass
Boston
Louis XIV
New York
New Jersey
American Legion
J.P. Morgan and Co
Malaya
Singapore
Sarawak
North Borneo
Federation of Malaysia
James E. Webb
National Space Agency
Seek FTC Head by Jack Anderson
President Nixa seeks a new Federal Trade Commission chair, aiming for a regulator acceptable to business but not harsh on corporations. Nominees include David Murchison and Kay Valery, with Mary Gardiner Jones seen as a reformist option. The piece cites tension between consumer protection and corporate interests, plus foreign policy notes on Kosygin and Chou En Lai, and Nixon’s local government money plan.
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Washington
Nixa
Federal Trade Commission
FTC
Litton Industries
Roy Ash
White House
David Murchison
Ronald Reagan
Kay Valery
Corry to Host First Erie County School Dental Clinic
The Erie County bureau of dental health approved plans for Corry to establish the first school dental clinic in the region. It will handle fillings and extractions over the next few days as part of a broader effort to improve student dental care in northwestern Pennsylvania.
MENTIONED IN THIS ARTICLE
Erie County
Pennsylvania
Bureau of Dental Health
Band fundraising gains progress as drive nears goal
Leaders in the city report strong early results as they raise funds to buy instruments for a new band. Ross Mead heads the effort and announces more than $100 raised. In unrelated golf news, Charles Shuss defeated Wallace Hammond four up and three to play to win the Corry Country Club club championship.
MENTIONED IN THIS ARTICLE
Ross Mead
Charles Shuss
Corry
Wallace Hammond
Burns disputes Vietnam as sole inflation cause in new book
In The Business Cycle in a Changing World Arthur Burns argues inflation began before U S involvement in Vietnam. He cites 1963 to 1965 price rises across wholesale sectors, challenging the view that war spending drove the inflation surge and criticizing Johnson era policy shifts and tax-credit actions.
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New York
Arthur F. Burns
Nixon
Dwight D. Eisenhower
Council of Economic Advisers
National Bureau of Economic Research
Vietnam
Burns
Morever
Lyndon B. Johnson
Johnson
Congress
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