Payroll tax hike looming as Social Security funds strained
Washington reports President Carter’s income tax plan for Social Security dead end, pushing Congress toward higher payroll taxes. Senate Finance Committee opposes tapping income taxes. House Ways and Means shares resistance. Sen. Long argues taxes only if no alternative. Experts warn recession and rising retiree numbers threaten long term solvency. The split burden between workers and employers remains unresolved.
MENTIONED IN THIS ARTICLE
Washington
Carter
Congress
House
Ways and Means
Russell B. Long
Finance Committee
Long
Carter's 62 Percent Approval After Six Months in Office
A Gallup poll shows President Jimmy Carter with 62 percent approval after six months in office. He trails his mid March high of about 75 percent and scores higher on domestic issues (58) than on foreign policy (49).
MENTIONED IN THIS ARTICLE
Princeton
J.J
Jimmy Carter
Carter
Errant Kite Fire Ravages Santa Barbara Neighborhoods
A kite touched power lines igniting a major blaze in Santa Barbara California. The fire destroyed 250 homes and damaged 135 more, burned 740 acres, forced 3000 evacuations, caused 50 million dollars in damage and injured 22 people. The unnamed youth expressed regret as firefighters battled the outbreak.
Moynihan cites Soviet spying on U.S. agri data
Senator Moynihan argues Soviet intelligence targets include the Agriculture Department and U.S. crop and price information exchanged with missions in New York San Francisco and possibly Chicago. He seeks legislation to require notices to citizens and to inform foreign powers to cease surveillance. Moscow reports the Cosmos 934 satellite launch.
MENTIONED IN THIS ARTICLE
Washington
Daniel Patrick Moynihan
D-N.y
Secretary of Agriculture
Moynihan
New York
San Francisco
Chicago
Senate Intelligence Committee
U.S
Agriculture Dept
House
Senate
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Moscow
UPI
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