Tax study faults giant firms for low taxes
A Capitol report notes that 10 major U.S. corporations with profits totaling about 978 million in 1973 paid no income taxes, while 20 more paid barely 10 percent. The survey, by staff of the Joint Committee on Internal Revenue Taxation, cites firms including Freeport Minerals, United Airlines, American Electric Power and Continental Illinois as examples, and points to tax subsidies as a factor.
MENTIONED IN THIS ARTICLE
Pew Ashington
UPT
Charles A, Vanik
Ohio
U.S
Vanik
Joint Committee On Internal Revenue
Congress
mVamik
Freeport Minerals,Co
Texas
Gulf Vine
United Airlines
ePraus World Airlines
New York
Amerian Electric Power
Westween Bancorporation
uChemical New York Corp. Bankers Trust N.Y. “Corp
Continental Sllinois Corp
T. Inf
Minternational Harvester (Co
Kennecott. Copper Corp
LTV Corp
Anaconda Company
Occidental Petroleumg Corp
Texaco ,Inc
Chase Manhatian Corp
Gulf Oil 2 Corp
McDonnell *Douglas Corp
Standard Oil of Ohio
ElaPaso Natural Gas Company
Mobil Oil
Four Die In Jet Fuel Tank Explosion At Base
Four killed and three injured when an empty jet fuel tank exploded at Buckley Air National Guard Base in Aurora Colorado. Victims identified as Stall Set iephan D Carlson 24 from Je- bustown and two civilian workers from Aurora and Denver. Cause under investigation. tank being cleaned at time of blast.
MENTIONED IN THIS ARTICLE
Aurora
Colo
Buckley Air National Guard Base
National Guard
Iephan D. Carlson
Jébustown
Ghirds
Howard ‘Weinberg
Denver
Notifica‘ti Aers
Hin ‘National Gun
Harris Survey Finds Gas Tax Favored If Tax Credit Ties In
The Harris Survey shows 81 percent accept a 10 cent gas tax if it is tax deductible and the U.S. pledges to cut Arab oil dependence, with 46 percent backing a 20 percent oil import cut. It notes public willingness to sacrifice on energy issues and warns leaders may misread this support.
MENTIONED IN THIS ARTICLE
U.S
Ford
Congress
Harris
AAA Opposes Bill for Heavier Trucks on Interstates
AAA urged Congress to reject a highway bill permitting heavier trucks, saying current trucks already pose a danger to motorists. Executive VP J B Croal warned of risks to 129 million motorists and called the measure non-essential.
MENTIONED IN THIS ARTICLE
Washington
American Automobile Association
Congress
AAA
J. B. Croal
AT&T reports higher third quarter net earnings
AT&T said its third quarter net earnings rose by 7 to 9 percent year over year amid a slow growth in telephone service. Revenues reached 6.67 billion, with a nine month period showing profit up 9 percent to 3.20 billion. Long distance volume rose 7.5 percent while intrastate rate increases funded part of the gains.
MENTIONED IN THIS ARTICLE
New ,York
American Telephone & Telegraph Corp
Bell Systems
At&t
John D. DeButts
America
Energy bill dead says Jackson
Sen Henry M Jackson blasted the administration for an immobile and obstinate stance on the energy conservation bill. He warned the measure’s fate in Congress was sealed by a proposed natural gas deregulation amendment and criticized the White House for prioritizing oil and gas profits over national energy conservation. He noted major concessions offered but rejected, and called for action to protect the economy and energy security.
MENTIONED IN THIS ARTICLE
Washington
UPT
Henry M. Jackson
D-Wash
Jackson
Senate
STHE
Ford
U.S
Also Mentioned on This Page
Giants
Vanik S
Megal
Ways Land Means
Harris Survey
Louis Harris
Bill
d.Gill
Lakewood Center
Carson Mall
Westminster
Los Cerritos Center
del Amo
Iwelers
Sue
Olson Long Beach
Pine Ave
Olson
Lynwood
Atlantic Ave
Arzalty
Ith Chain Sale
Au-149 Inc
Ooorla
D Rass
BSR
Walnut Fintech
Poe
Iyeo
Reg
Sham
Apaer
SANYO
Level & Remste
Mike
eSilde-Au Olal
AMIFM
Amifm Radio
Frese
Model
BIC
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