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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Oct 28, 1977
Page
11
The House approved a bill raising Social Security taxes for workers and employers, aiming to shore up solvency. The bill shifts more of the tax burden to higher earners, with projections showing a $965 tax rising to $3,025 for those earning $42,600 in 1967.
Washington AP reports the leading indicators index rose for the third straight month, signaling the economy emerging from summer slowdown. August figures were revised to 1.4 percent, with a 1.8 percent three month rise. Carter weighs tax cut timing and broader actions by Congress.
James M Cain, renowned for hard boiled detective novels and works like The Postman Always Rings Twice, died at his home in University Park Maryland after a heart attack. The Annapolis native studied at Washington College and Chestertown before turning to writing in 1914.
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