Tax-claim limit on mortgage interest eyed
Washington reports the Carter administration weighs a cap on mortgage interest deductions for high value homes as part of a broader tax reform push. Budget Director Bert Lance says the plan targets second and luxury residences, with critics noting a 15 to 150 percent deduction ceiling under discussion.
MENTIONED IN THIS ARTICLE
Washington
Carter Administration
Bert Lance
Carter
Congress
Lance
Georgetowera Posh
AT&T seeks delay on private line ruling impact
AT&T asks court to postpone a federal FCC order requiring the company to allow sharing and resale of Telpak private line service. The move affects about 230 Telpak customers including the federal government and major news services like AP and UPI. AT&T warned the ruling could force it to end the Telpak program.
MENTIONED IN THIS ARTICLE
At&t
New York
Armercan Telephone and Telegraph Co
Federal Communications Commission
Orecred
Aige
Associated Press
United Press International
FCC
ATAT
Explosive tagging tested in blast at Seneca Maryland
In Seneca Maryland federal agents detonated a 1958 Mustang and a 1590s Victorian house to demo new tagging materials that mark explosive origin and manufacturing data. ATF officials said microparticles coated with phosphor and color layers will reveal explosive type, source, and date after an incident.
MENTIONED IN THIS ARTICLE
Seneca. Md
Treasury Department
Bureau of Alcohol, Tobacco and Firearms
ATF
New York
la Guardia
FBI
Joseph A Addabbo
House
Treasury
Davis
3-M Company
Further upswing in economy seen
Philadelphia based Wharton Econometric Forecasting Associates with University of Pennsylvania predicts an improving economy across sectors for 18 months. Unemployment to fall from 7 percent to about 5 percent by early 1979. investments in plant and equipment to rise 12 percent in 1977 and 14 percent in 1978. housing starts to exceed 2 million in H2 1977. personal income and industrial production to rise, autos as an exception, with real growth around 5 percent in the next two years and GNP growth easing to 3.3 percent in 1979 as the buildup slows.
MENTIONED IN THIS ARTICLE
Philadelphia
Wharton Econometric
University of Pennsylvania
Pross
Lawrence R. Klein
F Gerard Adams
Richard M. Young
United States
CB radar tip ruled no crime in New York case
The New York Court of Appeals ruled that a Citizens Band radio tip warning others of a radar speed trap is not a crime. William Norwood faced obstruction charges after alerting two CB users to a police checkpoint in St. Lawrence County. the court cited that mere words do not show force or interference.
MENTIONED IN THIS ARTICLE
Albany
N.Y
New York
Bigness Court
Court of Appeals
William Norwood
St. Lawrence County
Norwood
Lawrence Cooke
Also Mentioned on This Page
America
Executive Branch
Office of Telecommunications Policy
Scence
International Economic Office
Office of Management and Budget
U.S
Rex D. Davis
Westinghouse
Bob Gemmill
Mustang
Seneca, Md
Cepional
Walla
Teenetey Seni
Weatherall
Fies
Ellis Paint
Oregon St
Long Beach
Trm & Matal
Sale Grads & Dads
Rockwell
Coat Buy
Aston Ston
Broadway
Dooley
Polaroid
Doolay
Twit
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