Washington Roundup Revenue Act of 1978 Passes Congress
The 95th Congress approved the Revenue Act of 1978 in a conference report resolving earlier tax bills. It introduces $18.7 billion in tax cuts for 1979 rising to $57.4 billion by 1983, with individual taxpayers receiving $13.1 billion and an average 7.2 percent cut for most families. The bill boosts the personal exemption to $1000, raises the standard deduction, and broad tax rate reductions to offset inflation. Corporate taxes drop $3.6 billion, with rate cut from 48 to 46 percent and expanded investment tax credits. Capital gains taxes fall by $2.1 billion, with higher exemption, lower top rate to 28%, and a $100,000 capital gains exclusion for 55-year-old homeowners. The carry-over basis provision is delayed to 1980.
MENTIONED IN THIS ARTICLE
House- Senate Conference Committee
County Agents Tips in the federal deficit plan
Senator Nunn promotes linking tax cuts with spending restraint and a constitutional balanced budget. County agent FE Harrison urges fall planning for home landscapes in Texas with perennials bulbs roses and seasonal tasks, stressing site needs plant selection budgeting and pre-plant care for long term enjoyment.
MENTIONED IN THIS ARTICLE
Senator Nunn
FE. J. Harrison
Texas Agricultural Extension Service
Year End Awards by Ward Counts Riding and Roping Club
The Ward Counts Riding and Roping Club handed out year end awards after the final Play-Day in ten divisions. Winners included 8 and Under Becky and Dale Jones Eunice, 4 to 12 Casey Doran and Kriss Cook, 13 to 15 Franklin Crabtree and Robin Woods, 16 to 18 Tim Moore Gwen Price and Gina Beadman, 19 and over Jim Doran Sue Fowler and Laverne Cook. Crabtree was overall high point with 51, Woods had 39. The club thanked participants and generous helpers across departments.
MENTIONED IN THIS ARTICLE
Ward Counts
Becky
Dale Jones
Eunice
Casey Doran
Kriss Cook
Franklin Crabtree
Robin Woods
Tim Moore
Gwen
Mr. Crabtree
Miss Woods
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Kissin
Washington
U.S
West Germany
Japan
Congress
Senior Citizen
Tom Connor
W.H. Purser
C. M. Gilchrist
O. B. Cooper
Skeet McAuley
Hank Jansen
Billie McNerlin
Lee Lee
Winnie Harrell
Southside Baptist Church
Harry Pickering
Amy Magness Ramon Rameriz
Alvie Pardue
Dailey
Gussie Rushing
Lenora Price
Irene Butler
Irene Davis
California
Texas
Gardner
Harrison
Aaaarlad
S.main
Sun-Thur
SAT
Taco USA
Frijos
Cana
Riding
Contemporary
Adors
Professional Electronics V
Monahans
Ronald Ray
Hill
Johnnittile
John Hill Campaign Fund
Lowell Lebermann
Brown
Austin TX
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