Oil Firms Defend Big Tax Break in UPI Report
Oil industry leaders defend about 1 billion dollars in annual tax allowances as essential for steady supplies and low prices, while lawmakers call them unjustified. Gulf Oil President Bob Dorsey says the depletion allowance and related write offs total a modest giant. Congress critiques include royalties writeoffs to Arab nations and rapid depreciation aiding exploration.
MENTIONED IN THIS ARTICLE
Washington
UPI
Bob R. Dorsey
Gulf Oil Corp
House
Ways and Means Committee
Dorsey
Andrew Jacobs Jr
D-Ind
Charles S. Joelson
D-N.j
Middle East
Harold M. McClure
Independent Petroleum Association of America
Senator Russell links arms buildup to poverty program shift
Sen. Richard B. Russell said military modernization must take precedence over poverty-alleviation spending freed by Vietnam's end. He noted drained stocks and rising costs, citing F84 at 465000 versus F111A at 6.8 million, and urged re evaluation of goals and priorities. He condemned antiwar protests as sedition while U.S. troops die in Asia.
MENTIONED IN THIS ARTICLE
Washington
Richard B. Russell
D-Ga
U.S
Vietnam
Senate Appropriations Committee
Russell
Asia
Keating Set as Ambassador to India for Nixon
President Nixon reportedly selects Kenneth B. Keating former New York senator and state Court of Appeals justice to be U S Ambassador to India. Bowles has served in New Delhi since 1963 and may be replaced. Keating met with Joseph Sisco to discuss the post.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Kenneth B. Keating
New York
State Court of Appeals
U.S
India
Keating
White House
Chester Bowles
New Delhi
Bowles
Nepal
Joseph Sisco
Roosevelt
Truman
Kennedy
Johnson
Connecticut
House of Representatives
Senate
Robert F. Kennedy
Prep to Be Daz Zled by the Fine Boat Buys
Classified ads highlight boat purchases and sales, inviting readers to check today for deals, listings, and opportunities to purchase vessels. The notice emphasizes available boats and potential discounts in a brisk, promotional tone.
Also Mentioned on This Page
Sen. Russell
Say Keating
New York Times Service
L.B
Wed
Sat
Morey
Pine Ave
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