Rockefeller reports million dollar tax bill amid nomination controversy
Vice President-designate Nelson Rockefeller disclosed an estimated tax bill of $903 718 in federal income and gift taxes after an IRS audit disallowed over $1.2 million in deductions. He will owe interest at 6 percent, raising the total further. Congress has recessed with no immediate action on his nomination.
MENTIONED IN THIS ARTICLE
Washington (Ap
Nelson A. Rockefeller
Rockefeller
Internal Revenue Service
New York
Laurance
Arthur J. Goldberg
Congress
White House
Ford
Dean details funding the Watergate cover up during trial
John W. Dean III testified that raising money to pay off Watergate burglars was the hardest part of sustaining the cover up. He described a nine month effort to covertly fund legal fees and keep the seven defendants from defection, with about 800000 dollars reportedly moving to them.
MENTIONED IN THIS ARTICLE
Washington (Ap
John W. Dean III
Dean
White House
Herbert W. Kalmbach
California
Kalmbach
Nixon
Frederick C. LaRue
LaRue
John D. Ehrlichman
Thomas
Reelection Committee
H.R. Haldeman
Rockefeller audits show higher taxes due to disallowed deductions
Rockefeller indicated he will likely owe additional state and local taxes after audits. He cited $820,718 in additional federal income tax and $83,000 in federal gift tax due to disallowed deductions. He compared this to Nixon’s prior back taxes and noted the IRS audits for 1969 to 1971 were completed with adjustments.
MENTIONED IN THIS ARTICLE
Rockefeller
Richard M. Nixon
IRS
One Inc
Latin America
Nixon
Internal Revenue Service
InmateKilled in Reidsville Prison Cellblock Fight
A convicted murderer, Paul E. Chafin of Huntington West Virginia, was stabbed to death and 12 other inmates injured in a cellblock brawl at Reidsville State Prison. Warden Joe Hopper said knives were seized in a shakedown and investigators have not yet determined the killer or motive.
MENTIONED IN THIS ARTICLE
Reidsville
Reidsville State Prison
Joe Hopper
Hopper
Paul E. Chafin
Huntington
W. Va
Chafin
Mortgage aid bill signed by President Ford
President Ford signed a bill to inject up to 7.75 billion dollars into the mortgage market to bolster housing. About 3 billion available immediately to support cheaper loans, with the rest contingent on industry response. GNMA gains Treasury backing to buy mortgages at 9 percent and resell at market rates around 10 percent, absorbing losses.
MENTIONED IN THIS ARTICLE
Washington
Ford
White House
National Mortgage Association
Treasury
Mid town area weather forecast over upcoming days
Partly cloudy skies expected in Mid dletown tonight and Sunday with lows in the upper 30s and highs in the 50s. The outlook calls for fair skies Monday and Tuesday, then a chance of showers Wednesday. Lows stay in the 40s as highs rise from the 60s Monday to the 70s by Wednesday.
MENTIONED IN THIS ARTICLE
Middletown
Labor Left Voices Opposition to British Subsidy Plan
Seven influential Labour leftwingers led by Ian Mikardo told Prime Minister Harold Wilson they oppose granting 7 billion dollars in subsidies and loans to industry. They warn such public funds would damage Britain's economy and fuel a wage surge, noting many firms can finance themselves. No decision has been made.
MENTIONED IN THIS ARTICLE
Ian Mikardo
Wilson
Britain
Labor
Ford Campaign Tour Hits Carolinas and Kentucky
President Ford schedules six appearances in Greenville Anderson Rock Hill S C Greensboro N C and Louisville Ky on a 16 hour day of rallies and fundraisers. The Anderson stop to dedicate two local newspapers headquarters is GOP backed. Helms Thurmond and Dent accompany Ford on Air Force One.
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Washington
Ford
Carolinas
Kentucky
Greenville
Anderson
Rock Hill
S.C
Greensboro
N.C
Louisville
Anderson Independent
The
Daily Mail
Marshall Parker
Ron Nelsen
Republican National Committee
Jesse Helms
North Carolina
Air Force One
Strom Thurmond
R-S.c
Secretary of
Commerce
Frederick B. Dent
Kangaroo on the loose stirs Chicago police chase
A 4% foot 100 pound wallaby-like kangaroo roamed Chicago's Northwest Side as officers Byrne and Ciangi chased it through alleys. The animal dodged capture after a brief scuffle. witnesses and experts debated origin and the creature's breed and value.
MENTIONED IN THIS ARTICLE
Chicago
Australia
Michael Byrne
Lenny Ciangi
Byrne
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Laurie Reynolds
Pam Harris
Lima
Sheckler
Howard W. Cannon
Peter W. Rodine Jr
Dn.j
Senate Rules
House Judiciary
Senate
House Committee
Pappas
Miami Royalty
Miami University
Paul “Wick
Georgia
Augusta
London
Harold Wilson
Labor Party
Ciangi
Cornelia
Jer
Bac
Joel Kitchener
Lincoln Park Zoo
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