Tax cuts gain in Congress
The 20.1 billion tax cut bill, approved by the House Ways and Means Committee 28 to 5, includes a 10 percent rebate on 1974 taxes up to 200 dollars, plus lower income taxes and business incentives. It moves to the full House after Feb 18 recess, exceeding Ford’s proposed cuts by four billion. Senate Finance began work on suspending Ford’s three dollar per barrel oil tariff hike as the House had earlier approved.
MENTIONED IN THIS ARTICLE
House
Ways and Means
Ford
Senate
Senate Finance Committee
Thomas P. Salmon
Vermont
Federal
John C. Sawhill
Congress
White House
Ron Nessen
Ways and Means Panel
Brennan quitting Labor amid White House nominating signals
Secretary of Labor Peter Brennan resigns in mid March clearing the way for John Dunlop, Harvard economist, to succeed him as Ford’s pick. Brennan preferred returning to labor leadership in New York and rejected ambassador to Ireland. The move follows a rift with AFL CIO’s Meany and signals a broader White House shift in energy and tax policy debates ongoing in Congress.
MENTIONED IN THIS ARTICLE
Washington
Peter J. Brennan
John T. Dunlop
Cost of Living Council
Dunlop
Harvard
Ford
White House
Brennan
New York
Building and Construction Trades Council
Ireland
Open Italian palace lacked alarms as three Renaissance paintings vanish
In Urbino the Ducal Palace, home to Raphael's Mute Woman and two Piero della Francesca works, was left largely unprotected with minimal guards and no alarm system. Officials note 160 rooms but only 40 open, awaiting a $160,000 subsidy for security upgrades.
MENTIONED IN THIS ARTICLE
Urbino
Senigallis
Italy
Raphael
Piero Della Francesca
Senigallia
Rodolfo Siviero
Unemployment soars to 8.2 percent in January
Washington reports the jobless rate climbs to 8.2 percent, the highest in 33 years, with 7.5 million people unemployed. Heavy layoffs hit blue and white collar workers, teens, women, and men as the recession deepens beyond December forecasts.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Ford Administration
Burns and Brimmer clash over Fed credit steering
Federal Reserve Board Chairman Arthur F. Burns disputed former board member Arthur Brimmer who claimed the Fed, through its regional banks, actively counseled banks to steer loans to real estate investment trusts cattlemen and public utilities. Burns argued there were no credit allocations and testified against a bill to require lending be directed to priority areas including home mortgages.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Arthur F. Burns
Fed
Burns
Arthur Brimmer
Brimmer
Bean boom lets Augusta Missouri suspend 1974 property tax
Augusta Missouri, a small German settlement of 259 residents, suspended the 1974 real estate and personal property tax after a bumper soybean harvest on town owned river bottom land. The crop yielded 18,500 dollars for town coffers with 150 acres planted at an average 7.20 a bushel. Mayor Don Flynn called it good faith and noted little resident reaction beyond fear of freeloaders.
MENTIONED IN THIS ARTICLE
Augusta
Missouri River
Don Flynn
Board of Trustees
Flynn
St. Louis
Rail aid bill clears House committee before recess
The Interstate and Foreign Commerce Committee approved a $347 million federal aid measure for cash strapped Northeastern and Midwestern railroads just before a 10 day House recess. The bill could reach the floor for a vote on February 18 or 19, amid threats of a Penn Central freight embargo.
MENTIONED IN THIS ARTICLE
Washington
House
Penn Central
Interstate and Foreign Commerce Committee
John J. McFall
D-Calif
Gainsborough Painting Stolen From Hartford Museum
The Morgan Memorial Gallery piece Woody Landscape by Thomas Gainsborough, valued well over 100000 dollars, was cut from its frame and stolen from the Wadsworth Atheneum in Hartford. A $1000 reward was offered for its return as police described the burglary as a skilled job.
MENTIONED IN THIS ARTICLE
Hartford
Jean Burnett
Atheneum
Morgan Memorial Gallery
Middletown Weather Forecast Sees Snow Flurries Possible
Clear skies bring teens overnight lows in Middletown with highs near 28. A trace of snow was recorded yesterday as flurries are possible tonight. The extended outlook calls for more snow chances Sunday Monday and Tuesday with afternoon highs in the upper 20s.
MENTIONED IN THIS ARTICLE
Middletown
Nixon memorabilia flown to California after court order
More than 50 boxes of Richard Nixon’s personal belongings, including pre presidential papers and materials since his resignation, are being sent to his California home on a military cargo plane at government expense. A three judge panel was appointed to decide if a constitutional question exists and to review the Presidential Materials and Recordings Act which governs government possession of the documents and tapes. Nixon’s lawyers claim the law violates due process and privacy rights.
MENTIONED IN THIS ARTICLE
Washington
Richard M. Nixon
California
Nixon
Bazelon
U.S. Court of Appeals
Sddci
Also Mentioned on This Page
Peter Brennan
Labor
American Telephone & Telegraph Co
Ann Landers
U.S
David L
General Services Administration
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