20 Jan 1976
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 20, 1976
Page
1
President Ford plans a 394 2-billion budget with a $43 billion deficit for next year and a $76 billion shortfall this year. He backs a $10 billion income tax cut, $4.2 billion Social Security levy rise, Medicare additions, and housing aid for 500000 families. Democrats cry out against arbitrary ceilings and vow veto battles shaping an election year budget fight.
President Ford laid out a mixed economic package in a State of the Union address, proposing tax cuts, tax increases, Medicare cost sharing, and spending restraint aimed at a 1979 balanced budget. Democrats call it unworkable and risky, warning it could cost hundreds of thousands of jobs. The plan includes a $10 billion personal tax cut, Social Security tax increases, Medicare cost sharing caps, a 342 billion dollar 1977 budget, and four programs to spur business investment and private job growth. It also features accelerated depreciation, stock investment incentives, and estate tax deferral to protect farms and businesses.
Readers seek contact addresses for celebrities and officials and travel options to Florida. The notes list the Great Dane Club of America secretary in Waterbury, Marlon Brando inquiry via Chasin-Park Citron Agency in Los Angeles, Dr Theodor Binder in Peru via Hospital Amazonico Pucallpa, Baklava ingredient guidance, and Raleigh Social Services contacts. Auto-Train details from Lorton to Sanford include schedule, fare, seating, meals, and a 1-800 reservation number.
President Ford in his State of the Union address finally cited Dwight D. Eisenhower beside Lincoln. He often acknowledges past presidents, highlighting Truman and Roosevelt as examples of partisan stance and effective leadership in rallying Congress.
Washington AP reports the FCC approved a rate increase for AT&T to raise the Bell System return on investment from 8.74 to 9.5 percent, adding about 225 million dollars annually. The decision rejects AT&T’s 10.5 to 11 percent request and awaits a formal text and filing schedule.
Former Georgia Governor Jimmy Carter wins 27.7 percent of Iowa delegates as 82 percent of precincts counted. Sen. Birch Bayh 13.3 percent and Fred Harris 10.1 percent trail. Uncommitted delegates top 36.9 percent. Carter vows to press Mississippi caucuses and seek uncommitted delegates in other states.
A federal appeals court ruled a defendant cannot be held in contempt for refusing to stand when a judge enters a courtroom due to religious beliefs. The 4th U. S. Circuit Court of Appeals voided contempt citations and a 30 day jail term for Brice A. Baechler from Wilkesboro, N C, who faced the issue linked to draft registration.
Beirut reports Moslem militia forces gaining ground across northern eastern and southern Lebanon with Christian villages besieged. Interior Minister Chamoun calls for UN US or EEC intervention while Kissinger warns against outside involvement. Chamoun evacuated after meeting Franjieh as Arab League urges immediate Arab summit.
Older North Carolina residents who had been exempt from county and city property taxes may face payments this year due to changes in the exemption law. Since 1973 the exemption covered the first 5,000 of real and personal property for those 63 or older earning under 5,000, but the 1975 revision limited the exemption to real property and raised income to 7,500, excluding renters and personal property. Lawmakers voiced little momentum to restore broad personal property relief, with discussions focusing on possible future tweaks like excluding Social Security from the income limit and offsetting with housing aid. Local officials noted few elderly applicants own only personal property, while others warned exemptions could erode tax bases.
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