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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Apr 08, 1962

Page

6

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.

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.

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.

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.

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

Also Mentioned on This Page

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
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