Tax relief debate faces inflationary tradeoffs
An editorial notes a conference committee crafted two tax bills closer to President Nixon’s stance, proposing 9.1 billion in relief for individuals while closing 6.1 billion in loopholes. Starting 1970 exemptions rise to 750 by 1973, higher earners face capital gains concerns. depletion allowance drops to 22 percent. The plan includes a 15 percent boost for 25 million Social Security beneficiaries, yet critics warn relief may fuel inflation. The piece stresses balancing tax cuts with inflation control to avoid recession.
MENTIONED IN THIS ARTICLE
Nixon
House
Senate
Congress
Erosion Threat Casts Shadow On Cape Hatteras
Rising Atlantic waters gnaw at Cape Hatteras and the Outer Banks with 5 to 6 feet of shoreline lost annually in places. One exposed area risks extinction as tides threaten to swallow up to 60 feet of historic land yearly. The federal spend over 500000 dollars on sandbagging has not halted erosion and no new funds are available from Washington. Local visitors fear higher taxes for preservation needed to save this historic soil and risk losing more coastal land to the sea.
MENTIONED IN THIS ARTICLE
Cape Hatteras
Outer Banks
North Carolina
Washington
Hatteras
The Root of Christmas Joy in Simple Giving
A Christmas message urges happiness from simple living and generous service. It cites Acts 20 35 and Martha and Mary, warning against material excess and promoting acts of kindness, sincere gifts, and heartfelt prayer as true joy. The speaker recalls a Broadway scene and stresses giving without expectation, even small gestures, to honor the season.
MENTIONED IN THIS ARTICLE
Broadway
New York
Martha
Mary
Buto
Christ
Garker
Father of Lights
Two Friends by Capus Waynick
CAPUS WAYNICK reflects on the deaths of two longtime public servants, Charles B. Deane and Allen Gwyn. He recalls early Senate days with Gwyn, praising his fairness and outlook, and lauds Deane for steadfast courage and unwavering party support, noting their contributions to North Carolina public life.
MENTIONED IN THIS ARTICLE
John Donne
Charles B. Deane
Richmond County
Allen Gwyn
Rockingham County
Rales
Gwyn
State Senate
Rockingham
Guilford
Senate
House
Sen. Gwyn
North Carolina
Charles 'B. Deane
Congress
Truman
North
Local history notes and civic updates in High Point scene
The piece reflects on church history and community memory, praising Miss Ruth Council and the History Committee for compiling a 1940s to 185 era history, recounting First Baptist Church origins, leadership, and mission. It covers press upgrades at Enterprise and plans for a CATV system, plus Ed Kemp’s agency renovations and traffic concerns at Westchester Center.
MENTIONED IN THIS ARTICLE
Sicily
Ruth
Algo Rosa
Lee Shields
Tate
Migs
Patrick
Jamestown
High -Point
Estown ‘Baptist’ Church
High Point Missionary, Baptist Church
Salem ‘Street
First-Baptist Church
New Baptist
J. .M. Hilliard
Thomas Carrick
T.C. Johnson
Clyde Turner
T. Carolina
Cable, «Inc
David Rawley
Country Club Probe Tangles Agriculture Politics
A Jack Anderson report alleges Senator Jamie Whitten and the Agriculture Department shield racist club practices. Rep. John Conyers Jr forces scrutiny of federally financed country clubs in the Deep South and beyond, with investigations expanding to Calhoun and Union counties Mississippi and other states. The probe follows a controversial $264 000 loan guarantee and a secret departmental meeting in December.
MENTIONED IN THIS ARTICLE
Washington
Jamie Whitten
Agriculture Department
House Appropriations Committee
Department
Jamie
Detroit
Mississippi
Massa
John Conyers, Jr
D-Mich
Steaths
Conyers
Jamie’s
Farmers Home
James V. Smith
Country Club
Smith
Atlanta
Texas
South
Calhoun
Union
Clarke County
Alabama
Darlington
South Carolina
Georgia
Florida
North Carolina
Missouri
Virginia
U.S
Clifford Hardin
Bill Clay
D-Mo
Charles Diggs
Natchez Trace Country Club
Whitten
Henry Richardson
Jackson
Miss
Also Mentioned on This Page
Siti.jbec
Jesus
Acts
Rade
THE
High Point
North Main High Point
N.C
D. A.rawley
GH. Lockwood
David A. Rawley
Joseph P. Rawley
Randall E. Terry
JR Holt Meererson
Joe Browne
Cw. Patterson
Way Idol
JR Soe
Richard Teague
Terpris
Prise, Inc
Associated Press
Carrie
AP News
N. C
High Point Enterprise, Inc
By Capus Waynick
Hell McPherson
Her
Uilding
Church
Ed Kemp
Ed. Kemp
Firs
Kemp ‘Fas
Central Christian Church
Leslie Moody
Christian
J . Penney Company
Westchester
Wachovia
New
Thalhimer’s
Kroger
A&p
Civil Aeronautics Board
Albert F. Beitel
Greensboro High Point
Charlotte
Raleigh-Durham
Triad
Friendship
White Horse
Spiro Agnew
Country Club Probe
Jack Anderson
Bell‘McClure Syndicate
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