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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
May 17, 1977
Page
3
Congress completed action on the bill with House passage 383-2 and Senate voice vote. The measure raises the standard deduction to 3200 for couples and 2200 for singles, affecting 46 million filers and reducing taxes by 34.1 billion over 28 months.
The 1977 Tax Reduction and Simplification Act reshapes filing. A standard deduction of 2200 for singles and heads of household and 3200 for joint filers will cut taxes for about 46 million while increasing for some higher earners. Payroll withholding will adjust June 1. The measure expands use of the standard deduction to 77 percent of taxpayers.
The Carter energy plan to tax big fuel inefficient cars and offer rebates for small cars meets heavy pushback from Democrats and Republicans on the Ways and Means Committee. Rep. Cotter calls the effort doomed. Rep. Ullman warns of substantial changes to tax elements while administration officials defend both the standby gas tax and rebates.
Candidate George Wallace announced in Washington that he will run for Sen. John Sparkman's Alabama seat next year. Sparkman, Alabama's senior senator, is expected to retire after 42 years in Congress.
A paper drive runs through Wednesday at Jefferson Elementary School. Residents may bring papers to the Henry Street truck by 4 p.m. daily. Proceeds fund the Lemon Monroe High School thespians in the school’s Hansel and Gretel presentation.
Susan McIntosh will earn a Master of Science degree from Johns Hopkins University School of Hygiene and Public Health on May 27. She is the daughter of Mr and Mrs Julius McIntosh of 3102 Milton Road.
President Carter flies from Andrews to Los Angeles and Fresno to inspect drought damaged avocado and olive groves and to deliver a labor friendly address. He appears with California lawmakers and plans a televised Q and A in the Los Angeles area.
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