Tax Cut Advances Through Congress For July Signoff
Washington AP reports an $11.5 billion tax cut, largest in U.S. history, moving toward final formalities to cut withholding by about 19 percent for individuals and rate cuts for about 550,000 corporations. Conferees completed the 400 page measure, House expected to pass next Tuesday and Senate action soon after. President Johnson slated to sign early next week as brief delays fade. The plan aims to spur the 1964 economy and curb unemployment with an extra $600 million monthly in spending power.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Johnon
John F. Kennedy
Congress
Johnson
Old Fashioned Horse Sense in moonshine case
IRS agents used a horse to locate an Oklahoma moonshine operation. A horse tied near an unattended liquor still led to a nearby farm where a farmer admitted ownership of both the horse and the still.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
Oklahoma
McAlester
Okla
Alcohal
Capital gains tax cuts eyed in Senate compromise measure
The article outlines proposed reductions in the capital gains tax for assets held two years or more, noting a drop from 50 percent to 40 percent with a 21 percent ceiling under consideration, and detailing changes to personal and corporate rates, retroactivity, and wage withholding.
MENTIONED IN THIS ARTICLE
Senate
House
Astronauts visit Aspen for five days skiing trip
Five U S astronauts Leroy Gordon Cooper Jr Malcolm Scott Carpenter Virgil J Grissom and spouses arrived in Aspen for a five day skiing stay. The group plans to relax and enjoy mountain recreation in the new year, with no official missions announced.
MENTIONED IN THIS ARTICLE
U.S
Leroy Gordon Cooper Jr
Malcolm Scott Carpenter
Virgil J. Grissom
Aspen
House clash over 16.9 billion military bill threat
A House floor fight was anticipated over a 16.9 billion military authorization bill. McNamara opposed funds for bomber and interceptor development added by the House Armed Services Committee. The panel added 92 million for research on the bomber and interceptor costs, prompting dissent from four committee members led by Stratton Pike Cohelan and Nedzi who filed a minority report.
MENTIONED IN THIS ARTICLE
Washington
Secretary of Defense
Robert S. McNamara
House Armed Services Committee
MccNamara
McNamara
Air Force
Armed Services Committee
Samuel S. Stratton
D-N.y
Otis G. Pike
Jeffery Cohelan
D-Calif
Lucien N. Nedzi
D-Mich
Folsom Explains PSC Presidential Nomination
J Kissing Jim Folsom explains his Democratic bid for Alabama Public Service Commission president citing eight children with six still needing education and four in college simultaneously. He says the need for funds and enforcement motivates his run.
MENTIONED IN THIS ARTICLE
Kissing Jim) Folsom
Alabama Public Service Commission
One Session to Be Photographed in Congress Book
Washington AP reports the House passed a resolution to photograph one of its regular sessions for inclusion in a pictorial book on Congress titled We The People. The image aims to document proceedings for future editions.
MENTIONED IN THIS ARTICLE
Washington
House
Congress
Air Force pushes RS70 plane money beyond request
The Air Force pushed funding for the RS70 aircraft beyond what McNamara had requested, seeking extra money for the program.
MENTIONED IN THIS ARTICLE
McNamara
Air Force
Grandchildren See MacDill Base for First Time
Seven grandchildren of the late Col. Leslie MacDill visited MacDill Air Force Base in Tampa to see the installation named after him. They had never met their grandfather, who died in a 198 plane crash near Washington, D.C., and were accompanied by his widow Marilla MacDill and two daughters from Boston, Mrs. Bruce Dougherty and Mrs. Thomas S. Barrows.
MENTIONED IN THIS ARTICLE
Tampa, Fla
Leslie MacDill
Air Force Base
Washington, D.C
MacDill Air Force Base
Marilla MacDill
MacDill
Bruce Doughery
Thomass. Barrows
Boston
Also Mentioned on This Page
Aspen, Colo
Young College Democrats
Toronto
Sid _Caesar
O'Keefe
Caesar
Moscow
Andrian Nikolayev
Wearth
Yuri Gagarin
Atlantic
City, N.J
Stan Musial
Physical Fitness Council
Musial
Hascall
Atlantic City
Jasper
Ala
James
Magnolia
Peggy Lloyd
F. Lloyd
Rt. 4
Hope
Hope High School
Harry B. Colay
Southern State College
Mary Young
Mineral
Cently
Southern State
Lehman's
Pole
Vinelle
Munsey
Nty Maid Irons
S. Main Street
Arkansas
MacDill Base
FIRST
Nat'l Bank
Citizens Nat'l Bank
Ford Dealers
FORD
Total Performance Ord
Hope Auto Co. Inc
Ford & Falcon
Second St. Hope, Ark
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