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Newspaper
Lawton Constitution
Location
Lawton, Oklahoma, United States of America
Date
Jul 21, 1976
Page
2
The Senate approved extending individual tax cuts for 18 months by a 66 to 28 vote, moving the aid closer to a 1977 extension. House action hinges on the Senate passing the complex tax revision bill to which the cuts are attached, with a hoped but not guaranteed approval before the August recess.
In Manila a military court sentenced former boxer Reynaldo Patanao, 30, to death by hanging for the rape and murder of 12-year-old May Ann Mastigue, who was attacked while selling food in June 1975. The six-man panel found him guilty after a one hour deliberation. this marks the first death sentence by hanging in four years.
Congress faces a Senate House conference to resolve differences in tax revision bills with weeks likely. Acknowledging a minimal immediate tax bite, leaders froze withholding rates and extended credits. Key provisions include a $35 credit per taxpayer and dependent through 1977, higher standard deductions, a work bonus for families, and a 10 percent earned income credit up to $4,000. Controversy centers on extension length. without renewal, a four member family on $15,000 would face $180 more tax. In other news, Guatemala quake activity is noted and Toledo forecast shows fiberglass use rising from 5 to 25.4 million pounds by 1980.
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