Farm Land Prices Rising Driven by Tax Concerns
Washington AP reports rising farm land values are constrained by taxes on capital gains. Farmers delaying sales to pass land to heirs amid expected federal and state taxes may reduce market supply and lift prices, with gains from 1940 investments reaching far above original costs. John F. Gale notes anticipated tax burdens influence withholding from markets.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Uncle Sam
Great Plains
John F. Gale
Department
Agency
Agricultural Finance Review
Kennedy tax plan faces House cut and Senate fight
President Kennedy’s tax incentive plan to spur expansion passed the House but was trimmed from 8 to 7 percent in allowable depreciation. Industry groups oppose the credit and push for larger allowances, while AFL-CIO criticizes it as a windfall. The administration vows a Senate battle to restore the measure as a broader transportation and regulatory reform package is also proposed.
MENTIONED IN THIS ARTICLE
New York
Kennedy
House of Representatives
Senate
House
Walter A. Slowinski
Chamber
Stanley H. Ruttenberg
Afl-Cio
Congress
Marcus Nadler
Hanover Trust Co
General Motors Corp
Chevrolet
American Motors
General Motors
Williams labeled waste watcher by J W Davis
Senator John J Williams known as a taxpayer’s friend and watchdog on tax collection, cites reform results from a decade long drive against graft. He highlights resignations and indictments, notes broad support across parties, and stresses officials keep him on their toes.
MENTIONED IN THIS ARTICLE
John J. Williams
R-Del
Internal Revenue Service
Williams
IRS
Congress
Senate
Delaware
Millsboro
Washington
Tax Bureau
North American Aviation Bids on Apollo Moon Ship Contract
In a pivotal decision, North American Aviation set to win the contract to build America's first moon ship, Apollo. The Los Angeles based defense giant, led by Lee Atwood and storming innovator Harrison Storms, dominates rocket engine and guidance systems with Rocketdyne and Autonetics divisions.
MENTIONED IN THIS ARTICLE
Ralph Dighton
LOS Angeles
North American Aviation, Inc
Stormy
Lee Atwood
NAA
Harrison Storms
James H. Kindelberger
Big Dutch
Atwood
Apollo
Space
Free World
General Dynamics
North American
National Aeronautics and Space
Rocketdyne
Autonetics
Polaris
Space and Information Systems
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MIRRO
Micro-Products Co
W. Green
Sherman Road
W. A. Horney Jr
Dick Wisenburg
Tate Street
Leon Schute
Jack Lefler
AP Business News
U.S. Chamber of Commerce
National Association of Manufacturers
Senate Finance
Tee
J. W. Davis
Washington (Ap
Sam
Viet Nam
Thor
Atlas
Joe Honeycutt
Life Insurance
Wickcliff Ave
Occidental 177
North
Ardmna
Battleground Ave
Greensboro
N. C
Thomasville Furniture
Edward R. Lowry
S. Main St
Terry
High Point ColleGe
YDC
HPC
By Griffon
Lennox
Powell Kistler
Fayetteville & Kinston
Norfolk, Va
Myrtle Beach
Orlando
Fla
N. Main ST
Pes
Wigh Point
N.C