Reagan economic plan signals shift to private sector growth
The February 18 unveiling of President Reagan's program proposes $53.9 billion in 1982 tax cuts and $41.1 billion in on budget reductions plus $5.7 billion off budget cuts. It emphasizes a smaller federal role, faster depreciation for business investments, and aims to raise saving and investment to spur growth. Critics fear deficit and inflation, but supporters argue the plan increases incentives to work and invest while limiting inflation via money supply controls.
MENTIONED IN THIS ARTICLE
Eugene McAllister
Reagan
Federal Reserve
Paul Volcker
Peace as a Gift Beyond Money in The Upper Room
A meditation on Jesus offering peace as a free, non purchasable gift. The reflection contrasts buying goods with the priceless nature of true peace, noting money cannot buy all needed blessings. Includes a brief prayer and publication details of The Upper Room.
President proposes tax cuts with business and personal relief
The plan includes faster depreciation for equipment, a 25 percent three year personal income tax cut, permanent tax free up to 400 in interest, and a 25 percent wage credit for research. It also funds retirement accounts and offers credits for building rehabilitation. Congressman Williams invites inquiries to his Warren Youngstown and Washington offices.
MENTIONED IN THIS ARTICLE
Ing Congress
Roege
Congressman Williams
Youngstown Rd. SE
Warren
Federal Plaza East
Youngstown
Washington, D.C
The people's lawyer Hazardous wastes disposal
Ohio Attorney General William J Brown outlines dangers from hazardous waste disposal and the need for strong enforcement. He cites action against unlicensed landfills in Portage County and Chem-Dyne cases in Hamilton and Butler counties, urging stricter laws and shared cleanup costs borne by polluters.
MENTIONED IN THIS ARTICLE
William J. Brown
Ohio
Love Canal
New York
Attorney General's Office
Portage County
Mahoning Valley
Chem-Dyne Corporation
Hamilton County
General Assembly
Fire safety tips from the Better Business Bureau column
Better Business Bureau fire safety guidance urges homes to remove hazards install smoke detectors and create an escape plan. Recommendations cover smoking rules heating and cooking safety electrical checks extinguisher use and practicing exits with a family meeting point for quick safe evacuation.
MENTIONED IN THIS ARTICLE
John Moliterno
Bette Business Bureau
Better Business Bureau
Golden Goose and the economy in hard times
Columnist Joan Cochran argues against punitive taxation of profits while praising the role of business and social institutions. She invokes a metaphorical Golden Goose to suggest the need for supporting enterprise and the economy, noting declining world rice supplies as a separate economic concern.
MENTIONED IN THIS ARTICLE
Joan Cochran
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Joseph P. Urbenia
Phoenix Publications, Inc
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England
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