Tax Cut To Bring Spending Battles In Washington
President Ford signs a $24.6-billion anti recession tax cut amid warning of a year long fight with Congress over spending. Lawmakers expect energy policy clashes as deficit fears rise. Ford aims to limit spending while permitting social programs only with economy gains. The final package totals $24.8 billion with $18.1 billion to individuals, $4.8 billion to business, and $1.9 billion for Social Security and unemployment recipients.
MENTIONED IN THIS ARTICLE
Washington
Ford
Congress
White House
Dick Clark
D Lowa
U.S
House
Ways and Means Committee
al Ullman
D-Ore
Senate
How Tax Cuts Now Signed Compare With Ford Proposal
Washington AP analysis compares the congressional compromise tax cut bill signed by President Ford with the administration plan. It outlines 1974 rebates and 1975 reductions in the Congress bill, including higher standard deductions, earned income credit, and a $30 credit per taxpayer and dependent. The administration table shows only 1974 rebate figures as Ford proposed.
MENTIONED IN THIS ARTICLE
Ford
Washington
Grs. Sin
Mar. Mar. Mar. Mar
Inc
College Costs To Rise 12 Percent Next Year
New York AP reports a College Entrance Examination Board survey shows public college costs for on campus students will rise 12 percent next academic year, with tuition and fees up four percent overall and private four year schools up eight percent. Resident costs average 3594 dollars for nine months, commuting costs 3156, while private four year residents pay about 4391 and commuters 3950.
MENTIONED IN THIS ARTICLE
New York
College Entrance Examination Board
College Scholarship Service
One Politician In Family Is Enough Carolyn Says
Carolyn Bond, Missouri’s first lady, speaks with the AP about her life and political views. She explains she might consider office only if her husband Kit Bond remains out of public life, and stresses she wants her own projects without altering their marriage.
MENTIONED IN THIS ARTICLE
Carolyn
Jefferson City
Carolyn Bond
Missouri
Associated Press
Time Magazine
Kit
Christopher S. Bond
White House
Federal Tax Cut Widens Missouri Budget Strain
Missouri officials warn the federal tax cut will worsen the state's tight 1975-76 budget, with an estimated revenue hit around 10 million. Revenue figures await calculations from the income tax bureau as unemployment and reduced taxable income threaten state finances. Gov. Bond urges restraint while lawmakers push spending and consider further cut proposals.
MENTIONED IN THIS ARTICLE
Jefferson City
Missouri
Mark Edelman
Revenue Department
Income Tax Bureau
Ford
Harry Otto
Edelman
Otto
Christopher S. Bond
House
Ford Fears Half Nation Living Off Other Half
President Ford warns that by 2000 if transfer payments grow at current pace half the nation may rely on the other half. He ties welfare aid rise to Defense Department funding, citing Roy Ash and OMB studies. He calls the trend a long range danger to national defense and security.
MENTIONED IN THIS ARTICLE
Ford
New York
Defense Department
Roy Ash
Office of Management and Budget
Symbionese Pair On Trial For Murder
In Sacramento state and federal security were tight for the murder trial of Russell Little and Joseph Remiro, accused SLA members who killed Oakland school superintendent Marcus Foster on November 6, 1973. The SLA claimed responsibility for Foster and later Hearst kidnapping. the defense expects a six month trial, moved from Oakland to Sacramento to ensure a fair court.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
SLA
Miss Hearst
Randolph Hearst
Little and Remiro
Oakland
San Francisco Bay Area
Crime Rate Jump Largest in 14 Years in 1974
FBI statistics show a 17 percent rise in the national crime rate in 1974 the biggest jump in 14 years. Attorney General Levi criticized the justice system for failing to deter crime and speed punishment while violent crimes rose 11 percent and property crimes 17 percent, with robbery and assaults also up.
MENTIONED IN THIS ARTICLE
Washington
FBI
Atty
Edward H. Levi
Levi
Clarence M. Kelley
America
ATL
Also Mentioned on This Page
Saigon Middle School
South Vietnam
Bond
Fdelman
William J. Cason
Meghan
Clare Toll
Keith Toll
Enid
Okla
Meghan Clare
Toll
Joyce Stephenson
M.L
Bob) Stephenson
Mexico
Advance Air Force Base
Garry D. Acuncius
Doane Agricultural Service, Inc
East
P.O. Box
Mexica
Doane
Kelly
SONY
Elsberry Missouri Health Care Center, Inc
Gross Revenue
First Mortgage Bonds
State of
Commerce Trust Company
Kansas City
Linde, Thomson, Fairchild & Langworthy
Stix & Co. Inc
Mayfield Division
N. Fourth St. St. Louis
Call
Gordon J. Hoener
Securities and Exchange Commission
Mayfield
N. Fourth Street
St. Louis
Elsberry, Missouri
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