08 Oct 1975
Page 1
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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
Oct 08, 1975
Page
1
Firemen returned to work in Kansas City after a four day strike as officials met with a federal mediator. The talks addressed wage issues and avoid dismissals of 59 strikers, while lawsuits and arson probes loomed over Local No. 42.
Former employees demand purging of five Communists from staff at a Lisbon radio office. Mutiny linked to disbandment of a military driver training center in Oporto. Armament used to shut center. no casualties reported. Nationwide strike by 220,000 workers seeks 23 percent wage rise. EU foreign ministers approve over 200 million dollars in emergency aid for Portugal, contested by political changes.
The 142 leading firms paid an average 22.6 percent in federal income taxes for 1974, less than half the 48 percent statutory rate. Vanik cited eight no tax payments and 18 paying 10 percent or less, with total foreign taxes of 14.4 billion while U.S. federal taxes were 10.3 billion. He called for real tax reform and noted proposed Ford tax cuts.
City and state officials outline a looming fiscal crisis with Beame's three year plan, potential mass layoffs, and federal aid debates. Standard and Poor's commentary cites imminent default without aid. State notes sell 31 million in notes at 8.35 percent as City and unions clash over wage freezes and job cuts.
The plan lacks rebates but individual taxpayers gain about 2.6 billion more in tax cuts in 1976 versus 1975. A family of four with 15000 income could save 287 more, and 20000 income household 310 more. a single earner at 10000 would save 249 more, while 320,000 would save 26. Ullman questions budget ceilings while Simon defends a 395 billion cap and talks with Ford on ceilings. Ford to submit a new budget in January with cuts expiring Dec 31.
Sen Dick Clark proposes three amendments on the Senate floor to bar other agreements, declassify State Department memoranda, and publicly declassify four leaked pacts. The measure moves to both chambers in the same form, potentially speeding action as fears over secret understandings and Kissinger commitments have slowed administration momentum.
Former California governor Ronald Reagan said he would not seek the vice presidential nomination but might accept if the party insists. He planned to announce soon about challenging Ford for the 1976 GOP presidential nomination, while a New Hampshire campaign committee was to be formed with Hugh Gregg as chairman to lead the February primary effort.
Dr Sherman J Silber reports initial tests show a new microsurgical method can reverse vasectomies. Using a 40 power microscope and ultra fine tools, the procedure reconnects severed sperm ducts, offering higher success than traditional reversals and potentially increasing the popularity of vasectomy as birth control.
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