The creeping tax increase explained and blamed on inflation
Washington writer notes bracket creep re affects taxpayers as inflation erodes real income while tax brackets rise automatically. He cites Carter tax cut debates, GOP charts, and looming Social Security tax hikes, warning of rising overall tax burden across households.
MENTIONED IN THIS ARTICLE
Treasury
W. Michael Blumenthal
Carter
Carter White House
Israeli gunboat chases U S oil rig in Gulf of Suez
Amoco Oil reports its Discoverer 511 drilling ship was ordered to move 2 km west by an Israeli gunboat after a tense 2 day stand near a Gupco site in the Gulf of Suez. No shots fired. State Department kept informed, no protest filed.
MENTIONED IN THIS ARTICLE
Washington
UPI
Gulf of Suez
Amoco Oil Co
Chicago
Amoco
Discoverer 511
Egypt
Sinai Peninsula
State Department
Israel
Gupcep
Gulf Petroleum Co
Egypt Petroleum Co
Gulf
Gupco
U.S
Illinois budget trims day care funds 3 percent
In Springfield, UPI reports that the proposed fiscal 1979 budget from GOP Governor James R. Thompson cuts day care funds by 3 percent for thousands of families. State Rep. Eugene Barnes says the cut will reduce child care services aiding unemployed citizens to find jobs, while officials argue higher employment remains the administration’s top priority. Barnes accuses the administration of tampering with day care programming and not securing all federal funds, plus reorganizing the Department of Children and Family Services.
MENTIONED IN THIS ARTICLE
Springfield
Ill
UPI
GOP
James R. Thompson
House Appropriations Committee
Eugene Barnes
Dchicago
Thompson
Illinois
Barnes
Department of Children and Family Services
Marines storm Dutch building to end Moluccan hostage crisis
A 60 member Marine assault force blasted into a government building in Assen and freed 71 hostages after terrorists threatened to kill captives. Seven were wounded as two councilors were found tied to chairs. Premier Van Agt warned the group may strike again.
MENTIONED IN THIS ARTICLE
Assen
Netherlands
UPI
Dries van Agt
Jacob de Ruiter
Karel Zahorn
Also Mentioned on This Page
Don Phillips Washington
Congress
Internal Revenue Service
McCormick Place
23Rd St
South Lake Shore Drive
Benji
Superman
Captain Kirk
Flash Gordon
Bugs Bunny
Mickey Mouse
Snoopy
Morris
Bone and White
Villa
Jordans Fine Footwear
Bowmans
Liberty
Riz's
D&s
Kings Row & Lagrande Que
Waverly
Hornsby’s
Pepsi
Rainbo Hamburger