Major Tax Changes Pass
Washington AP President Ford expected to sign a bill extending multibillion-dollar general income tax cuts through 1977, worth about 180 dollars to a typical family of four earning 15000. The package also extends across the board business cuts while raising taxes on some high earners through a new minimum tax and overhauls gift and estate taxes. It would broaden tax deferred pension options to many housewives.
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Washington
Ford
Congress
House to Form 12-Member Panel on JFK and King Assassinations
The House voted 280 to 65 to create a 12 member investigating committee tasked with examining the Kennedy and King assassinations. The panel could review related cases, with Speaker Carl Albert to designate Rep. Thomas for the assignment.
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House
Kennedy
King
Carl Albert
Rep
Thomas
Enterprise orbiter unveiled in Palm Springs with 205 million cost
The 122 foot Space Shuttle orbiter named Enterprise is unveiled at Rockwell International in Palm Desert California. NASA says the shuttle could fly 100 times and cut costs on future space missions, with testing set for Edwards Air Force Base early next year and first flight in the early 1980s.
MENTIONED IN THIS ARTICLE
Palmdale
Calif
Rockwell International
National Aeronautics and Space Administration
Edwards Air Force Base
Inheritance Gift Taxes Altered and Shelters Curbed
Washington AP reports the new 1976 tax bill halves estate and gift tax levels while curbing shelter strategies. The article notes major changes approved by Congress and outlines the overall effects on heirs and donors.
MENTIONED IN THIS ARTICLE
Congress
Adverse Title Holdings and Local Notices From The Enterprise
Q and A on car titles and liens. Advice outlines that a lien lets a loan company keep a title as security until debt is paid. Also includes local warnings on abandoned cars, charity notices, and tax-shelter coverage in a dated discussion.
MENTIONED IN THIS ARTICLE
A. A
Wake Forest swimmer dies during practice
Wake Forest freshman Steve Shults died during team practice in the college pool. An autopsy will determine the cause. Shults, 18, of Wethersfield Connecticut, collapsed during a 1000 yard swim after a teammate pulled him from the water within six seconds. Despite immediate resuscitation efforts by coach Leo Ellison, medical staff, and a rescue team, no life could be saved.
MENTIONED IN THIS ARTICLE
Winston-Salem
Wake Forest
Steve Shults
Wethersfield
Lew Stringer
Shults
Robert Shults
Trinity College
Ing
Lydick
Heiress Hearst Sentencing Set For Next Week
Patricia Hearst faces a sentencing hearing in San Francisco on bank robbery charges. A federal judge ordered her to be brought from San Diego prison to await sentencing, range set from the minimum to 35 years. Hearst has been undergoing psychiatric testing while her attorney notes hopes for time served and probation.
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Tim Reiterman
SAN Francisco
Patricia Hearst
San Diego
Miss Hearst
Albert Johnson
William H. Orrick Jr
Orrick
Symbionese Liberation Army
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