Nixon gives business $2.7 billion tax break via faster depreciation
President Nixon unveils rules allowing quicker writeoffs for machinery and production facilities, reducing tax payments by up to 20 percent and shifting more relief into the first year. Officials say revenues would drop by hundreds of millions annually but long-term gains from investment and productivity are expected. Congress and critics voice concern over impact on revenue sharing and deficits.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Congress
San Clemente
Calif
Treasury Department
Wilbur D. Mills
D-Ark
House
Ways and Means
Mills
Searcy
Ark
W.P. Gallander
National Association of Manufacturers
Treasury
U.S. Dist. Court
John H. Pratt
Asst. Treasury
Edwin 8. Cohen
The
Farm & Home reports $125 million asset rise in 1970
Farm & Home Savings Association Nevada Missouri releases its 153rd semiannual statement showing total resources at 690.9 million as of December 31 1970 with 551.7 million in savings. Mortgage loans rose by 110.7 million while reserves hit 3.83 million and cash and securities reach 50.47 million. Dividends for 1970 total 27.25 million with 34.24 million since 1893.
MENTIONED IN THIS ARTICLE
Farm & Home Savings Association
Home Office
Nevada
Farm & Home Savers
Farm & Home
Association
C. A. Duncan Jr
al Tangora
Mexico
South Jefferson
Armstrong To Be Data Group Speaker At Columbia Dinner
Armstrong, vice president and general manager of A B Chance Co in Centralia, will speak at the Data Processing Management Association meeting on January 12. The event at Alexander Steak House in Columbia starts at 4 p.m. and features his talk The Challenge of Change.
MENTIONED IN THIS ARTICLE
Chance
Westinghouse
Newark
N.J
Alabama Polytechnic Institute
University of Missouri, School of Engineering
Power Equipment Division
NEMA
Underwriters Hear Housing Talk in Mexico Meeting
The Mexico Life Underwriters Association held its regular monthly meeting Monday urging members to write to North Vietnam leaders to seek the release of American prisoners of war. Ron Westenhaver of Westenhaver Construction Co spoke on residential construction and real estate, noting housing shortages but a bright future. President Turner Rogers presided.
MENTIONED IN THIS ARTICLE
Mexico Life Underwriters Association
North Vietnam
Ron Westenhaver
The
Westenhaver
Kelley Rounds Quarter Century With Mr Power
Stanley M. Kelley of 1120 N Jefferson St will complete 25 years of service with Missouri Power and Light Co on Jan 17. He joined MPL in 1946 as a yardman, rose to fireman in 1950 and to utility equipment man in 1970. Kelley, a Brookfield native, served in WWII and earned two bronze stars.
MENTIONED IN THIS ARTICLE
Stanley M. Kelley
Jefferson St
Missouri Power & Light Co
Kelley
MPL
Mexico
Brookfield
First Baptist Church
Bulldog Boosters
Kelly
U. S. Army
Central Europe
Rhineland
Jennings elected chairman of Harry Jennings Realty Inc
Harry Jennings of Harry Jennings Realty Inc was elected chairman of the board at a Jan. 7 board meeting. Former president John Westlund became president, with Ron Westenhaver as executive vice president. Jennings will manage the Centralia office, Westlund the Columbia office, and Westenhaver the Mexico office.
MENTIONED IN THIS ARTICLE
Harry Jennings
Harry Jennings Realty Inc
Westenhaver Construction Co
Jennings
John Westlund
Ron Westenhaver
Centralia
Westlund
Columbia
Westenhaver
Mexico
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