Big Families Gain Most In Tax Bill
Senate plan by Sen. Gore would raise personal exemption from 600 to 800 in two years aiding low income families with many dependents. For a four person family at 5000 income taxes drop to 112 in 1972, versus 290 now and 200 under committee. Singles and couples see varied reductions under Gore versus committee proposals.
MENTIONED IN THIS ARTICLE
Washington
Senate
Albert Gore
D-Tenn
Senate Finance Committee
Gore
Increase In Tax Exemption Faces 2 Major Hurdles
Senate votes 58 to 37 for Gore amendment raising personal exemption to 800 dollars as Nixon signals veto risk. House conferees may push for 700 or stay at 800 with compromise. Mills leads House talks while Hartke adds 720 million revenue cut to reform bill.
MENTIONED IN THIS ARTICLE
Washington
Albert Gore
Senate House
Tennessee
Senate
Nixon
Gore
Wilbur D. Mills
House
Ways and Means Committee
Treasury
White House
Ronald L. Ziegler
Mills
Vance Hartke
D-Ind
Rail Agreement Reached Ends Rail Strike Threat
After 20 hours of nonstop bargaining, rail unions reached a wage deal with shippers covering 1969 retroactive pay and 1970 increases. Most of 48 000 shopcraft workers gain 3.59 to 4.28 an hour in 1969 and 5 percent plus two four cent raises in 1970, with 80 percent affected by skill differentials. Back pay ranges from 380 to 400 dollars. Ratification by four unions is required and no strike is planned while Congress is spared a nationwide action.
MENTIONED IN THIS ARTICLE
Washington
George
Hartke
William W. Winpisinger
Winpisinger
Afl-Cio International Association of Machinists
John P. Hiltz
National Railway Labor Conference
Shultz
Congress
Wisconsin Senators Vote For Tax Bill Amendment Increase
In Washington the two Wisconsin Democrats William Proxmire and Gaylord Nelson supported the Senate majority to approve an amendment raising the tax credit from 600 to 800. The final tally was 58 to 37.
MENTIONED IN THIS ARTICLE
Washington
Wisconsin
William Proxmire
Gaylord Nelson
Senate
Market sinks to lowest close since January 1967
The Dow Jones industrial average slid 7.99 points to 793.36, its lowest close since Jan 4, 1967, with broad weakness on fears of Vietnam impacts and tighter money. The 60-stock average fell to 272.9, 1,177 issues down and 246 up on volume of 11.3 million shares.
MENTIONED IN THIS ARTICLE
New York
Vietnam
Associated Press
New York Stock Exchange
Defense Bill Cleared With Safeguard Funds In Question
A $69.96 billion defense appropriation heads to House action early next week after a $5.32 billion cut. The measure preserves funds for the Safeguard ABM system as Congress trims non essentials and debates foreign aid. The package, among 13 appropriations, risks delays before Christmas with Senate reactions pending.
MENTIONED IN THIS ARTICLE
Washington
House
House Appropriations Committee
Congress
Appropriations Committee
Senate House Donnybrook
China
House Committee
Formosa
Senate Foreign Relations Committee
Senate
Senate Appropriations Committee
Wisconsin Private School Aid Backed by Task Force
Milwaukee attorney David Beckwith announced that Wisconsin state support for parochial schools has the majority backing of a governor’s education task force. The group favors categorical aid and options include a voucher plan and tuition reimbursement to help offset school costs for parochial students. The task force, led by William Kellett, will present recommendations to the legislature in January.
MENTIONED IN THIS ARTICLE
Madison
Wisconsin
Task Force
Milwaukee
David Beckwith
Beckwith
William Kellett
Neenah
Citizens group pushes referendum on unified school district
La Crosse citizens launched a petition drive aiming for an April vote on a mandatory unified school district. Dr. Cameron Gundersen leads the effort with 65 supporters and several local residents as organizers.
MENTIONED IN THIS ARTICLE
la Crosse Tribune
la Crosse
Thomas Hanson
Warren Loveland
Cameron Gundersen
Robert Kuechmann
S. 30Th St
George Murphy
Edward Oertel
Smith Vailey
Gary Greer
Gundersen
Charles Burch
The
la Crosse Education Association
Loveland
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Defense
Melvin R. Laird
Eee Eereentvenue
Tee
Ean Ieee Ia Dary
By Grant Blum
Shirley Tomalka
Tomalka
Fiscal Control Board
Sally Levenstein
Muder Cuntsymas
Christa
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