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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Sep 01, 1966
Page
4
Sylvia Porter explains how bond prices and rising yields have made high grade municipal securities highly attractive. Tax exemption boosts after tax returns, with effective yields far above fully taxable dividends for many brackets. The municipal market’s complexity requires careful selection and guidance, especially for fall 1966.
Senate House conferees set a 1968 effective date for the new $1.60 minimum wage and would cover eight million more workers. They largely adopted the Johnson administration’s positions and planned another session this afternoon with a possible Labor Day signing.
AP dispatch notes Capitol Hill discusses possible tax hikes if Johnson backs inflation curb and Viet Nam funding. Proposals include raising corporate tax from 48 to 52 and suspending the investment tax credit, with estimates of $5 to $15 billion in extra revenue and a likely burden on individuals if needed.
A North Dakota man and an Idington youth drown in separate Minnesota water accidents. George W. Harman, 72, of Wing, drowned when a boat overturned on Elk Lake near Hoffman. Kenneth Phelps, 17, of Idington, drowned in the Rainy River near International Falls while swimming with friends. A Civil Air Patrol search for John Cox, 60, of Baudette continued at Lake of the Woods.
A rural Cromwell man 81 John Alander was killed in a two vehicle crash near Sawyer at a U S 210 intersection. Arthur Kemppainen 59 Cromwell the other occupant was hospitalized at Cloquet. The 1966 Minnesota highway toll rose to 565 compared with 511 a year ago.
A Milwaukee real estate study offer promotes quick licensing via a home study course. The ad targets aspiring brokers and salesmen with a low fee and easy fast enrollment at 161 Wisconsin Ave.
Hurricane Faith veers from the U.S. coast at 20 mph with 110 mph winds. The Miami Weather Bureau drops gale warnings from Virginia Capes to Cape Lookout as Bermuda prepares for gale winds while the hurricane moves between Cape Hatteras and Bermuda.
In Beijing Lin Piao urged 500000 Red Guards to broaden the purge against foreign and pro Communist influences while warning them to avoid coercion. He spoke for Mao as Mao rode nearby but did not speak himself. Premier Chou En Lai echoed the call for reason over force.
Patrick Lucey labels the Republican governor the poor man's burden. He cites tax hikes including $86 million sales tax rise and $40 million income tax boost plus new auto license and cigarette taxes. He condemns beer tax increase. Primary election looms Tuesday September 13.
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