Ford Plan Would Ease Taxes For Low And Middle Incomes
President Ford proposes tax cuts that favor lower and middle incomes with withheld-rate reductions starting this year to offset higher energy prices. Families of four earning 12 500 to 15 000 would break even, about 250 in energy costs, while those at 10 000 gain 349 in tax savings. Higher earners see smaller benefits. An 80 dollar check would go to every adult over 18 with no tax liability.
MENTIONED IN THIS ARTICLE
Washington
Ford
Frank Zarb
Zarb
New Tax Rates If Congress Approves Ford Proposals
Washington AP Treasury schedules show tax under present rates and under proposed cuts to start Jan 1. Ford's plan would total 28.5 billion to individuals in 1975, including a 12 percent 1974 rebate and a 16.5 billion permanent cut. The plan doubles the income allowance to 2500, removing about five million more from taxation. a four-person family at 5600 or less would owe no tax. The 1974 rebate is paid in May and September. the 1975 cut targets low and middle earners.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Congress
Ford
State of the Union
Court Ruling Hikes Party Power Over Delegates
The Supreme Court ruled unanimously that national party conventions can refuse to seat delegates chosen in state elections, boosting party control over nomination processes. The decision affirms party authority and declines to shield state election procedures from party rules.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Robert Strauss
Tas
National Democratic Party
Strauss
Mary Louise Smith
Illinois
George McGovern
South Dakota
Chicago
Richard J. Daley
Daley
William J. Brennan Jr
No Ceiling For Security Says Chairman
President Ford proposes a 5 percent ceiling on Social Security cost of living increases and would save about 2.5 billion in 1978 with 110 million more in SSI. Chairman James M. Burke of the Ways and Means subcommittee signals no hearings, signaling little chance of passage. Ball criticizes the plan as harmful to the elderly and poor.
MENTIONED IN THIS ARTICLE
Washington
Ford
James M. Burke
D-Mass
Ways and Means
Social Security
Burke
Acupuncture Like Aspirin, Says Chinese-American MD
Dr. S J Liao in Middlebury blends acupuncture with Western medicine in a brick office near an abandoned farmhouse. He explains acupuncture is not painless, offers temporary relief like aspirin, and is selective, used for pain where Western medicine lacks options.
MENTIONED IN THIS ARTICLE
Middlebury
Liao
Yale-in-China Medical College
China
Also Mentioned on This Page
National Party
Mexico Area
Electronics 1& II High School
Equivale
Ics
Northeast Missouri State University
University of Missouri
Robert M. Ball
Ball
Clifford Chu
Lawrence Drug
Lawrence Drive-In
E. Jackson
Huskee
GhHarave 'S Food Systems, Inc
East Liberty
Mexico, MO
Rex Johnson
AGRI
Don Arens
Gary Resa Assi
Rex
Don
Gary
Rful NG
Commerce Bank
Tou West Jackson
Little Rascals
West Plaza
Mexico
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