House panel votes to preserve gasoline tax deduction
The House Ways and Means Committee reversed a prior stance and voted to keep a federal itemized deduction for state and local gasoline taxes. Loss of the deduction would have raised taxes on motorists by about 4.08 billion over six years and cut gasoline demand by 60,000 barrels daily, affecting some 20 million itemizers.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means Committee
Afl-Cio
Internal Revenue Service
Butz Defends Grain Deal Amid Farm Criticism
Secretary Earl Butz defended the U.S. Russia grain sales pact as mutually beneficial, pledging it helps farmers consumers and the Russians. He argued the agreement stabilizes prices and is not state trading, while acknowledging criticism from major farm groups and noting pressure from unions and Meany. The plan aims to cut $1.2 billion from food stamp spending.
MENTIONED IN THIS ARTICLE
Chicago
Earl Butz
Butz
William J. Kunfuss
American Farm Bureau Federation
Inland Daily Press Association
U.S
George Meany
Meany
Ford Administration
U S Proposes Cut in Nitrite Levels in Processed Meats
The Agriculture Department will soon propose federal rules to reduce sodium nitrite in processed meats such as ham and bologna. Officials cite nitrosamines linked to cancer in rats and will delay bacon nitrite decisions until at least December.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Sion
Earl L. Butz
Harry C. Mussman
USDA
Animal and Plant Health Inspection Service
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