Ford endorses utility tax aid plan for power plant boost
President Ford backed a labor management plan for tax breaks to speed electric plant construction and curb shortages. The plan, urged by the Labor Management Council, calls for tax deferrals, higher investment credits, depreciation carry and fast write offs. It could cost 0.5 to 1 billion dollars in 1976 tax revenue.
MENTIONED IN THIS ARTICLE
Washington
UPD
Ford
Labor Management Council
Labor
John T. Dunlop
House
Ways and Means Committee
AFL
CIO
George Meany
United Auto Workers
Leonard Woodcock
General Motors
Richard C. Gerstenberg
U.S. Steel
R. Heath Larry
Dunlop
Capitol Hill
Federal Energy
Frank G Zard
Edison Electric Institute
Production upsurge ahead as inventories fall and demand rises
U S government data show a record two month liquidation of unsold goods and a 0.7 percent April stock decline to 267.08 billion, following March, with sales up 2.1 percent. Auto demand improves while Ford posts a sharp drop, Chrysler and AMC rise.
MENTIONED IN THIS ARTICLE
U.S
Commerce Department
Mellon Bank of Pittsburgh
Chrysler
American Motors
General Motors
Ford Motor
Simon Criticizes Congress Delaying on Energy Policy
Treasury Secretary William E. Simon told an Amsterdam conference that Congress has hampered energy policy with hawdling and delay and the United States may import up to 50 percent of its oil by 1980. He urged opposition to monopolistic practices by oil exporters and noted optimism from awareness of reform.
MENTIONED IN THIS ARTICLE
Amsterdam
UPI
Treasury
William E. Simon
Congress
United States
Simon
U.S
Paris
Somone
James G. O'Hara
D-Mich
House
Thomas
White House
Prsident Ford
Senate Finance Committee OKs extended jobless benefits plan
The Senate Finance Committee voted to extend unemployment benefits up to 65 weeks but limit extensions to states with high unemployment. The plan lowers durations by state rate, with 65 weeks at 6 percent or higher, 52 weeks at 5–6 percent, and 39 weeks under 5 percent, applying July 1.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Committee
Senate
House
John Dunlop
Dunlop
Congress
Return of the $2 bill Favored by Officials for Bicentennial
Washington reports a split public view on resuming the $2 bill while Treasury and congressional officials push for a revival by 1976. Stephen Gardner and Liam Simon back wider public acceptance and possible savings, as Rep. Rosenthal urges formal action. A Harvard study for the Fed is cited in the debate.
MENTIONED IN THIS ARTICLE
Washington
Congress
Treasury Department
Stephen S. Gardner
Gardner
Treasury
William E. Simon
Benjamin S. Rosenthal
D-N.y
House
Commerce, Consumer and Monetary Affairs
Simon
Graduate of Business Administration
Harvard University
Federal Reserve Board
House pushes energy bill tax cut action
The House voted 73 to 31 to provide a 25 to 35 million dollar tax cut for electric car buyers and rejected a 32 million dollar cut for wood burning stoves. A prior vote backed a 710 million dollar home insulation tax cut before 1978.
MENTIONED IN THIS ARTICLE
House
al Ullman
Dore
Ullman
Also Mentioned on This Page
Press-Telegram
Long Beach
Calif
Sat
Beoost
Ocean
Ximeno Ave
Richard Hughes
America
Kimball Whitney
Penny Owsley
Beate
Sasewont
Perry Owsey Mos
Los Angeles
SCOT
Emer
Sam Gerco
Fasten
Senate Unit
Cleaners’ OF
10Th St. Long Beach
Litton
Lincoln
Cypress
LOS Coyotes Diag
RCA
Fom
Sen
Ania - Zenith - Litton
Alamitos
Los Coyotes
U. S. Army
George Washington
ITI
Continental Army
United States Army
Panama Canal
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!