Inflation Tax Proposal Faces Mixed Support in Congress
President Ford seeks a 5 percent surtax on family incomes over 15000 and corporate profits to fund anti inflation efforts. Critics from both parties urge higher thresholds or spending cuts, while some lawmakers press for gradual steps and broader sacrifice beyond middle earners.
MENTIONED IN THIS ARTICLE
Washington
Ford
Senate
Hugh Scott
Jacob K. Javits
New York
Carl Albert
Paul Fannin
R-Ariz
Joel T. Broyhill
Rva
House
Ways and Means Committee
Ohio politicians split on Ford tax surcharge
Ohio leaders give mixed reactions to President Ford’s 5 percent surcharge. Taft hails it as bitter but needed. Vanik Stokes Brown oppose, calling it ill conceived or unfair to middle class. Business leaders applaud, while others demand spending cuts and closing loopholes.
MENTIONED IN THIS ARTICLE
Associated Press
U.S
Robert Taft Jr
Ohio
Ford
Taft
Charles A. Vanik
Louis Stokes
Rohio
Ford proposes higher taxes and less energy to curb inflation
President Ford calls for a bipartisan anti inflation program with higher taxes and reduced energy use. The plan includes a 5 percent surcharge on income above 7500 for individuals and 15000 for couples, and aims to hold spending at 300 billion while pushing 3 billion into the housing market. Congress weighs the measures ahead of a month long campaign recess.
MENTIONED IN THIS ARTICLE
Washington
Ford
Congress
House
Nobel Prize in Economics Awarded to Myrdal and Hayek
Stockholm honors Gunnar Myrdal of Sweden and Friedrich von Hayek of Austria with the 1974 Nobel Prize in Economics. Myrdal, 75, wrote An American Dilemma and Asian Drama while provoking debate on race and democracy. Hayek, 75, taught at Chicago 1950–62 and authored major works on capital and liberty.
MENTIONED IN THIS ARTICLE
Stockholm
Sweden
Gunnar Myrdal
Friedrich von Hayek
Austria
Myrdal
Asia
United States
Hayek
University of Chicago
Nixon's San Clemente estate taxes rise 12 percent
Orange County Tax Collector Robert Citron says Richard M. Nixon will pay 37,300 in property taxes for the San Clemente estate this year, up from last year as the valuation climbs from 1.37 million to 1.53 million.
MENTIONED IN THIS ARTICLE
San Clemente, Calif
Richard M. Nixon
White House
Orange County
Robert Citron
Nixon
San Clemente
Citron
Ford Can't Control The Weather
President Ford faces a tough start for farmer relief and consumer price cuts as he pledges help in Congress. Analysts say weather and policy limits will likely keep major food price relief out before 1976.
MENTIONED IN THIS ARTICLE
Don Kendall
Washington
Ford
Congress
Ford says push to grow more food amid inflation risks
Ford warns primary inflation factors include energy and foreign oil supply. He says the nation can grow enough food but must boost production to curb higher prices. Government will aid farmers with sale prices, fuel, and fertilizer while weather and harvests pressure grain and meat supplies.
MENTIONED IN THIS ARTICLE
Ford
Dynamite Blast Damages West Virginia School and Fire Damages
A dynamite blast damaged West Branch Elementary School in Kanawha County with moderate damage and no injuries. Pupils were moved to Chelyan as Midway Elementary on Campbells Creek suffered light fire bomb damage in the follow up incident after a minister’s protest over textbooks.
MENTIONED IN THIS ARTICLE
Charleston
W.va
West Branch
Kanawha
Chelyan
Midway Elementary
Campbells Creek
Kanawha County
Ezra Graley
Graley
Weather Forecast For Middletown Area Tonight And Tomorrow
Weather calls for clear skies with Lows around mid 40s tonight in the Middletown area and sunny skies with highs in the mid 70s tomorrow. Yesterday’s high was 62 and the overnight low 42.
MENTIONED IN THIS ARTICLE
Middletown
Also Mentioned on This Page
Brown
Thomas Luken
Willis D. Gradison Jr
John C. Stennis
Dmiss
William Brock
R-Tenn
Richard C. Gerstenberg
General Motors
Henry Ford II
Ford Motor Co
Walter F. Mondale
D-Minn
Bella Abzug
D-N.y
Rep
Thomas O'Neill
John Rhodes
Sen
Robert Griffin
America
Friedrich Hayek
Pacific
Ann Landers
Ee Beeavdsenee
Heloise Eee
Eeeweees
West Virginia
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