Panel votes to kill tax shelter schemes in farm investments
The House Ways and Means Committee moved to end farm investment shelters used by nonfarmers to cut taxes, including the so called Mexican vegetable rollover. The panel estimates about 100 million dollars in income avoids Treasury taxes annually via farm operation deductions. Other topics included calls for a new tax cut, criticism of offshore royalties, and a proposed IRS due process bill by Senator Tunney.
MENTIONED IN THIS ARTICLE
Washington
UPI
House
Ways and Means Committee
Treasury
Mexico
United Auto Workers
Leonard Woodcock
Auto Workers
Charles A. Vanik
Dohio
U.S
Vanik
Sen
John V. Tunney
Dcalif
Internal Revenue Service
Tunney
Senate Commerce Committee
IRS
Equity Funding leader jailed in $2 billion fraud case
Stanley Goldblum, former Equity Funding president and chairman, received a three to ten year sentence for forgery in Lake County, with terms running concurrently to an eight year California federal sentence. Illinois Attorney General William Scott called the scheme the largest financial crime in American annals.
MENTIONED IN THIS ARTICLE
Waukegan, Ill
UPI
Stanley Goldblum
Equity Funding
Goldblum
Illinois
William Scott
Chicago
Watergate
Equity
van Deusen
California
Governor Signs Bills Expanding Kern County Judgeships
Day in Sacramento reports Governor signing AB1951 increasing Kern County Superior Court judges from six to eight. Other items include jury duty exemptions on undue hardship, vetoed student union construction fees, and various education and public cost proposals with bills advancing to committees.
MENTIONED IN THIS ARTICLE
Kern County
Hayden
Sunnyvale
MacDonald
Ojai
Egeland
San Jose
Senate
Fromme warned judge before Ford threat two months prior
Lynette Fromme told Judge Raymond Te she would do something desperate after writing in June about Manson, calling him later to discuss killing and Vietnam. The judge said Fromme feared violent acts and later spoke of atonement while recounting the 1971 Manson trial and her role in the case.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Lynette
Squeaky Fromme
Charles Manson
Ford
Miss Fromme
Superior Court
Raymond Te
Manson
Vietnam
Choate
Gary Hinman
Shorty Shea
Sharon Tate-Labianca
Sandra Good
Also Mentioned on This Page
Lake County
Lloyd van Deusen
Fred Levin
Sacramento
United Press International
Boatwright
Concord
Assembly
Greene
Roberts
Murphy
Santa Cruz
Kennedy
John F. Kennedy
Lockyer
San Leandro
Keene
D-Eureka
Ronald Reagan
Torres
Miller
Oakland
Presley
Riverside
Arnett
Redwood City
Beattie Motors
H’ Street
Judge
THE
VF Gas Company
Southern California Gas Company
Lompoc
Calif
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