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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Mar 31, 1975
Page
9
President Ford endorses a $24.8 billion tax cut to curb inflation and fuel growth but warns Congress against adding to the deficit. Lawmakers voice support for restrained spending yet split on defense and foreign-aid budgets as energy policy looms.
Haldeman recalled Nixon considered John B. Connally as vice president during Agnew’s early tenure and restless outlook, favoring Connally over Agnew in a possible second term. The plan surfaced amid talks of Agnew leaving the post for a TV role, with Kissinger’s resignations repeatedly hinted at in the same interview context.
AP reports that the 1974 income tax rebates table outlines rebates due to taxpayers with first checks slated for May.
Police say the blast that ripped apart 70 year old racketeer Alex Shondor Birns after he left a west side bar could signal a turf war over numbers and prostitution. Investigators questioned three people as they probed motives from past crimes and rivalries. Birns had a long criminal history and was described as a quiet, genteel figure in public despite decades of alleged underworld activity.
Deputy Michael Grimes discovered two one pound sticks of dynamite with a three foot fuse along Ohio 63 just east of Dixie Highway while inspecting ditch lines for a robbery case. A longer six foot fuse and other items were found nearby. The sheriff's office holds the dynamite as Monroe police take custody.
The tax cut law signed by President Ford offers a 5 percent credit on new home purchases up to $2,000 with a requirement that the sale price be the lowest ever offered. Buyers must attach a seller certificate to their tax returns. false certs can lead to prosecution and tripled repayment. The measure aims to spur housing by clearing a large unsold backlog and covers mobile homes and condo or cooperative units.
Cleveland Electric Illuminating Co begins installation of a 500 foot stack and air pollution controls at its Avon Lake generating plant. Total package costs about 27 million dollars for higher efficiency and replacement of two existing 300 foot stacks. Buyers of homes built in 1976 may claim a credit with the buyer as principal resident. sellers gain 18 to 24 months to reinvest profits under updated rules.
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