$100 Rebate Promised in Major Tax Cut Plan
The Senate Finance Committee approved a $29.2 billion tax cut for 1974 and 1975 with rebates of at least $100 per filer, up to $200, aiming for early May delivery. The plan shifts favor to families under $20,000, adds a 4 percent rate cut on the first $4,000 of income, and includes other credits and extensions for homeowners and families with children. The article notes stock market gains and sugar price cuts as broader economic context.
MENTIONED IN THIS ARTICLE
Washington
Congress
America
Senate Finance Committee
Ford
House
Senate
Treasury Department
Senate Committee
Dow Jones
Amstar Corp
Sucrest Corp
Sucrest
CPC International
Katy Gets $19 Million For Track Work
The U S Railway Association board approved a 19 million dollar loan to the Missouri Kansas Texas Railroad for roadbed track and equipment rehabilitation under the Regional Rail Reorganization Act. The loan funds rail materials installation costs and maintenance of 110 miles of Katy mainline in 1975 plus rehabilitation of 345 rolling stock units and 17 locomotives. General Westmoreland has been discharged from Walter Reed after three days of evaluation following a heart attack on January 1. He shows excellent recovery and current symptoms are improving.
MENTIONED IN THIS ARTICLE
Washington
The
U.S. Railway Association
Missouri-Kansas-Texas Railroad
Katy
Difference In Tax Refund Plans Compared By House Senate
Washington AP outlines a comparison of the 1974-75 tax cut proposals from the House and the Senate Finance Committee. Key points include rebates of 8.1 billion for 1974 taxes, variations in standard deduction, tax credits, rate cuts on the first 4000 of income, relief credits for low income families, housing credits, business tax breaks, and the timing of relief, with the Senate favoring permanent cuts and broader credits than the House.
55 MPH Cuts US Death Toll 9450
The U.S. traffic death toll fell to 45,534 in 1974, the lowest since 1963, with the 55 mph speed limit a major factor. National Highway Traffic Safety Administration head James P. Gregory told a Senate subcommittee that fatalities per 100 million miles dropped to an estimated 3.56 last year from 5.7 in 1966, and he urged continued enforcement and safety programs to sustain the drop amid energy shortages.
MENTIONED IN THIS ARTICLE
Washington
U.S
James P. Gregory
National Highway Traffic Safety Administration
Senate Commerce
Gregory
Man discovers theft joke in Wis newspaper
A man phoned the Adams County police to report that his steering wheel brake pedal and accelerator had been stolen. The sergeant said an officer would investigate but the same man called back to say he had climbed into the backseat by mistake and asked them not to come.
MENTIONED IN THIS ARTICLE
Adams County
Wis
Times
Oil and gas output falls despite drilling surge
U S production of oil and natural gas declined last year despite a 19.6 percent rise in drilled wells as older wells softened yields. Crude oil averaged 8.8 million barrels daily in 1974, down 4.5 percent, while natural gas dropped about 3 percent.
MENTIONED IN THIS ARTICLE
Washington
U.S
Ford Administration
Eric Zausner
Federal Energy Administration
House Commerce
Interior
Rogers C.B. Morton
Capitol Hill
Zausner
North Viets Overrun Outpost Amid Saigon Turmoil
North Vietnamese forces overran another outpost near Tay Ninh as Saigon police killed French journalist Paul Leandri, deputy AFP bureau chief, during interrogation. Cambodia and Phnom Penh embassies shift status. Indonesian peacekeepers pull out as Mekong naval base Neak Saong endures shelling with over 50 killed and 150 wounded.
MENTIONED IN THIS ARTICLE
Saigon
South Vietnam
Tay Ninh
Paul Leandri
Agence France Presse
Ban Me Thuot
Kontum
Pleiku
Four-Nation
Peacekeeping Commission
Dangerou
Cambodia
Mekong River
Neak Saong
Lon Nol Loyalist Hold Possible Despite Khmer Rouge Pressure
Analysts in Phnom Penh say Lon Nol’s regime can endure a period without new U.S. aid as Khmer Rouge forces near the capital lack the strength for a decisive strike. Rebels, averaging 20,000 troops three to 15 miles from Phnom Penh, are hampered by poor offensive results and reliance on defensive tactics.
MENTIONED IN THIS ARTICLE
Lon Nol
Matt
Khmer Rouge
U.S
Phnom Penh
Sosthere Fernandez
St Louis Teachers May Start Strike
St Louis teachers may walk picket lines Monday after a union vote planned at a Sunday meeting. The AFL union seeks wage increases and good faith bargaining, while the school board says talks can resume and faults the union for ending negotiations. The dispute centers on a starting pay hike to 8850, with the board warning such rise would require firing about 400 teachers.
MENTIONED IN THIS ARTICLE
ST. Louis
Teachers Union Local 420
Joseph Cascella
American Federation of Teachers
Local 420
Demosthenes DuBose
DuBose
Onassis Dies At Age 69 In Paris
Greek shipping tycoon Aristotle Onassis died in Paris at 69 after a period of illness. The American Hospital announced his death as his wife Jacqueline Kennedy and daughter Christina were present. He built a vast fortune from shipping, airlines, and his private fleet after fleeing Smyrna for Argentina as a youth.
MENTIONED IN THIS ARTICLE
Paris
Aristotle Onassis
Onassis
Jacqueline Kennedy
Christina
Midas
Turkey
Monte Carlo
Aristotle Socrates Onassis
Winston Churchill
Greta Garbo
Margot Fonteyn
Gina Lollobrigida
Prince Rainier
Princess Grace
Monaco
the Kennedys
Maria Callas
Alexander
Scorpios
Smyrna
Argentina
Buenos Aires
Spinola Group Admits Bombing in Portugal Crisis
In a dramatic turn, a group of Portuguese military officers admitted staging a failed bid to restore democracy after a leftist coup. They claimed to act to guarantee liberty and safeguard April elections, while Spinola avoided specifics and sought asylum in Argentina via Brazil.
MENTIONED IN THIS ARTICLE
Buenos Aires
Argentina
Lisbon
Portugal
Antonio de Spinola
Spinola
Spain
Rio de Janeiro
Brazil
Asylung
Kia
Also Mentioned on This Page
St. Brendan’s
Arthur Mersinger
Dave Dickherber
Bill Sullivan
St. Brendan School
Richard Vance
Westmoreland
Finance Committee
Morton
Senate Commerce and Interior Committees
U.S. Court of Appeals
Federal Power Commission
Consumer Federation of America
FPC
Environmental Protection Agency
Interior Department
Bammans
Steve Bamman
Audrain Medical Center
George Bamman
Bill Underbrink
Jacksonville
Bamman
Kline's Department Store
Penny Lane
Worley
Clifford Worley
Kenneth Worley Sr
Mexico
Earl Vance
Centralia
A. P. Green Refractories Co
Spinola Group
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