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Newspaper
Lompoc Record
Location
Lompoc, California, United States of America
Date
Aug 18, 1976
Page
13
The 1975 tax reform debate features Senate battles over loopholes and retroactive rules. Kennedy attacks drafting flaws while Long defends concessions benefiting oil income trusts. amendments reshaped the bill as the House and Senate wage a protracted conferencing fight with limited revenue gains.
Senator Long urges a tax reform bill to recover $1 billion in revenue next year. He notes the House and Senate clash over the measure but argues narrowing loopholes could demonstrate new congressional budget control procedures. The effort aims to show progress amid fiscal wrangling.
NEA London Economists quote Amy Connor Lassappee and Jimmy noting the Democratic Pearl nomination critique of the tax system. Carter laments reforms promise failures and calls tax reform crucial to curb the deficit, while lawmakers face lobbying battles and limited progress in Ways and Means and Senate drafts.
Charley Crayton, 54, a Social Security recipient with emphysema and heart disease, gains electricity after neighbors and donations fund power to his cramped Austin home. He previously lived without wiring, relying on a hot stove, ice box, and gas heater, and now plans to use the new outlet for his breathing machine and ice box.
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