Compromise tax reform bill nears final form in Congress
Taxpaying families likely to receive relief from higher personal exemptions though not as much or as soon as the Senate version. Congress negotiates 770 amendments from House and Senate, with potential 15 percent Social Security benefit increase. Debate centers on timing and methods of relief amid inflation concerns and a looming surplus.
MENTIONED IN THIS ARTICLE
Washington
Senate
Congress
House
Nixon
Wilbur D. Mills
D-Ark
Millé
Ex-aide to McCarthy may face new trial on fraud charges
New York reports Roy Cohn, acquitted on bribery and extortion, could face a second trial on mail and wire fraud conspiracy and SEC violation charges connected to Fifth Avenue Coach Lines. Cohn labeled Morgenthau’s prosecutions a vendetta tied to McCarthy era investigations and warned the government would pursue more trials if necessary. The political tax plan discussed includes halving rates and raising exemptions to aid inflation relief, with House leaders debating sequencing to avoid premature tax cuts.
MENTIONED IN THIS ARTICLE
New York
UPT
Roy Mr. Cohn
Securities and Exchange Commission
Cohn
Fifth Avenue Coach Lines
Robert M. Morgenthau
Lottery numbers remain unsure shield against draft
State Selective Service spokesmen vary on whether high lottery numbers will be exempt from next year’s call. Officials cite draft quotas, deferments, and regional variations as factors, with some states doubting the safety of high numbers while others warn it is too early to tell.
MENTIONED IN THIS ARTICLE
Brooks Jackson
Weiler
Selective Service
White House
William J. McCachren
North Carolina
Associated Press
District of Columbbia
New York City
New York State
Alaska
Colorado
Kansas
Utah
District of Columbia
Pentagon
Massachusetts
New Jersey
Oklahoma
Illinois
South Dakota
National Guard
North Dakota
Pennsylvania
Mississippi
Tennessee
Missouri
Ohio
New Hampshire
California
Also Mentioned on This Page
Michael T. Peterson
Redmond
Wash
Vernon C. Shepard
Akron
Saigon
Joe McCarthy
Morgenthau
Tate
Treasury
Henry Morgenthau Jr
Joseph R. McCarthy
McCarthy
Colin
Nakashimas
Evan Sgt
Pretoria
Fremont
Singer
Anglia
The
U.S.A
Hawaii
Hayward Southland Mall
Singer Conorty
Granat Bros
Southland Shopping Center
Hayward
Broadway
Oakland
Southland
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