Senate Panel Approves Day Care Tax Break Plan
The Senate Finance Committee backed a House tax revision to expand a $325 million day care tax break. It would open eligibility to up to four million families, permit part time workers, and convert the deduction to a credit worth up to 20 percent of expenses. The move aims to cut red tape and boost after tax savings, with a maximum of $498 per year for one child or $800 for two or more.
MENTIONED IN THIS ARTICLE
Ashington
Senate
Russell B. Long
Prosecution Ready To Rest Case In Pot Trial
Federal prosecutors near completion of the case against 10 defendants in the Fayetteville Connection marijuana smuggling trial. More than 50 witnesses have testified, with 36 taking the stand. most are DEA agents. Indicted 18 for conspiracy to import or distribute four tons of marijuana allegedly flown from Colombia. Some defendants pleaded guilty. others are fugitives, with one severed after a heart attack.
MENTIONED IN THIS ARTICLE
Alahoma City
Fayetteville
Federal Drug Enforcement Administration
United States
Columbia
Asst. U.S. Atty
James Gallman
Ark
Larry French
Parthenon
U.S
Two of Three U.S. Workers Covered by Group Life Plans
The Institute of Life Insurance reports that about two in three American workers have group life insurance, with these plans providing an estimated 930 billion dollars in protection at the start of 1976.
MENTIONED IN THIS ARTICLE
New York
United States
The
Institute of Life Insurance
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