Oil depletion allowance faces serious attack this summer
The 27 44 per cent oil depletion allowance, long a entrenched tax provision, faces a serious push to cut the rate in Congress. The House Ways and Means Committee may scale down the rate in tax reform, with administration officials signaling possible reductions though the Nixon administration opposed broad cuts. The study for the prior administration questioned depletion as a strong incentive for exploration, while supporters warn of higher foreign oil dependence and job losses if it is removed.
MENTIONED IN THIS ARTICLE
Washington
Congress
House
Way and Means
Senate
Nixon
Wilbur D. Mills
D-Ark
Lyndon B. Johnson
Consad Research Corp
Pittsburgh
Treasury
Cheyenne
Wyo
Dustry
Wyoming
King Association
Congressional Act
Johnson Administration
Underground Fire Probe Finally Set
State officials head to Shenandoah to probe a two year old coal mine fire at Kehler Run colliery. Dr H B Charmbury will lead the delegation as past efforts and $2.5 million in funding failed to extinguish the blaze that began in spring 1967.
MENTIONED IN THIS ARTICLE
Shenandoah
Schuylkill County
H.B. Charmbury
Kehler Run
Local residents press for action after mine fumes seal
In the borough an attempt to curb hazardous fumes involved two drilling projects and sealing the mine entrance with clay. Local residents are demanding that further steps be taken to address ongoing dangers.
MENTIONED IN THIS ARTICLE
Ern
Powell offers Fisk grads his version of the Jericho fight
Nashville AP report states Representative Adam Clayton Powell Jr. spoke to Fisk University graduates, declaring the old order has changed and noting Joshua led the first picket lines around Jericho. He pledged support for sit-ins, boycotts, or strikes if needed, framing a new breed of activists.
MENTIONED IN THIS ARTICLE
Nashville
Tenn
Adam Clayton Powell
Dn.y
Fisk University
Battle of Jericho
Joshua
Jericho
High Speed Train Links Airport City
New York officials discuss a $46.5 million plan to connect JFK via a two story train station 16 minutes from the airport. The project would allow air passengers to check or pick up luggage at the station. The plan is under construction with parts of the route near the city.
MENTIONED IN THIS ARTICLE
Air Passens Gers
New York
Ronan
Trainside Crash Terminates Plans Near Anderson
Metro- area reports a high-speed two car wreck outside Anderson near a planned terminal. Phoebe Rowles of Pittsburgh died in the crash while en route to Pennsylvania Station aboard the MTA officials say a Chicago woman was a passenger in a car involved in the incident.
MENTIONED IN THIS ARTICLE
Manhattan
Metro- Anderson, Ind
Politan Transportation
Phoebe Rowles
Pittstyburgh
MTA
William J
Ronan
Anderson
Pennsylvania
Alloy
Chicago
Also Mentioned on This Page
Edmond Lebreton
Associated Press
Lela Foley
Browntown
Wis
Powell
Indiana
Maple St
C Co
Phila
Luis Bowie
Farah
FaraPres
University Park
Hopsack
Farel
Arrow, Jentzen
Ters
Ling
N Discount
the Stover
The
Stover Water Softner Co
Minneapolis
Minn
Ernest C. Fowler Co
R. P
Cunningham RD
Indiana, PA
First National
First National Bank
Blairsville
Plumville
South Fork
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