Senate tax cut bill hints at possible veto by Carter
The Senate Finance Committee endorsed a $23 billion tax cut bill that would widen brackets and boost exemptions, benefiting about 68 million filers while raising capital gains relief for higher earners. The measure faces a presidential veto risk over its large capital gains cuts, with Senate debate to start early next week.
MENTIONED IN THIS ARTICLE
Washington
Senate
Finance Committee
Carter
House
William Roth
R-Del
Gaylord Nelson
Dwis
Treasury
W. Michael Blumenthal
Congressional
Arsen
Morris nomination pits decriminalization thinker against filibuster
Norval Morris, dean of the University of Chicago Law School, faces a Senate filibuster over his nomination to head the LEAA. Supporters note administrative skill while opponents cite his 1970 book advocating decriminalizing sex and drug use. The LEAA funds crime research and grants, with a $647 million annual budget, amid criticism of past program effectiveness.
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Washington
Senate
Senate Judiciary Committee
Norval Morris
Law Enforcement Assistance Administration
Atative Aice Chicks
National Rifle Association
Jesse Helms
Morris
Carter
Helms
University of Chicago Law School
Helms’ Telegram
International Association of Chiefs of Police
Justice Department
LEAA
Bill Ellingsworth
Senate bill outlines key tax cut provisions
The Senate approved a $23 billion tax cut bill detailing changes effective January 1. Provisions include raising the personal exemption to $1,000, expanding earned income credits, increasing the standard deduction, and repealing state gas tax deductions for itemizers. Capital gains reforms, corporate rate cuts, and new worker hiring credits are also described.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Iranian freighter lands 1000 Vietnamese refugees in Indonesia
The Iranian freighter Southern Cross has landed more than 1,000 Vietnamese refugees rescued from small boats in the South China Sea on Pengibu Island, Indonesia. UN officials will visit the refugees today as Malaysia and Singapore demand a third country for resettlement, with the United States urged to accept them.
MENTIONED IN THIS ARTICLE
Kuala Lumpur
Malaysia
Southern Cross
South China Sea
Pengibu
Orneo
Ko Sampatkumar
Singapore
United States
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