Tax Break To Business Hurts Revenue Sharing
Nixon unveils regulations allowing faster depreciation for machinery and production facilities, cutting early tax writeoffs by up to 20 percent. Critics say the move undermines revenue sharing with states and may worsen deficits, while business groups praise alignment with foreign practices and potential boosts to investment.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Congress
Ethances
San Clemente
Calif
Treasury
Wilbur D. Mills
D-Ark
A Mills
House
Ways and Means
Mills
Searcy
Ark
W.p.gallander
National Association of Manufacwurers
Ralph Nader
Thomas H
Asst. Treasury
Edwin 8. Cohen
Paul W. McCracken
President's Council of Economic Advisers
David M. Kennedy
McCracken
Henry
Reuss
D-Wis
Senate
House Economic Committee
Bethlehem Hikes Price Of Steel
Bethlehem Steel ontructural and shipbuilding steel prices will rise by 80 to 85 cents per hundredweight, about 11 to 13 percent, effective Feb 16 and March 1. The move ends a year-long no-change policy that kept prices steady amid industry-wide pricing. Analysts note unions’ wage talks and contractor pass‑throughs will shape consumer impact, with autos and machinery steel unaffected.
MENTIONED IN THIS ARTICLE
Bethlehem, Pa
Bethlehem Steel Co
America
Bethlehem
Bethlenhem
Nixon
Council of Economic Advisers
Washington
Sto
Steel‘workers Union
United Auto Workers
General Motors
Nixon Scans Sulfur Tax Proposals
Washington AF Nixon eyes a sulfur tax, pesticide controls, and a toxic substances permit scheme for the president’s environment message due Feb 9 or 10. Proposals face White House review amid budget concerns, with pesticide and toxic-substance plans seen as strongest.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Congress
Council On Environmental Quality
White House
Office of Management and Budget
Budget Office
Environmental Protection Agency
Tarr Hints Draft Pool Reduction
Washington AP report notes Selective Service Director Curtis Tarr expects the 1971 draft pool to be smaller than 1970 and lottery numbers may rise to match. He cites Laird projections of 80,000 to 120,000 draftees and discusses plans to end college deferments and implement a uniform national call pending Congress approval.
MENTIONED IN THIS ARTICLE
Washington
Selective Service
Curtis W. Tarr
Tarr
Secretary
Melvin R. Laird
House
Defense Department
High Court To Rule On Abortion
The Supreme Court hears the District of Columbia abortion law case centering on whether the law is clear enough for physicians to know when abortions are legal. The ruling could affect similar statutes in 38 states though it may not address the constitutional right to abortion.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
District of Columbia
High Court
Minnesota
Texas
Georgia
Louisiana
U.S. Court of Appeals
Milan Vuitch
Washington Area
Gerhard A. Gesell
Gesell
High
Vuitch
Nixon Lindsay Assail Anti Red Jewish Drive
The United States protests harassment of its citizens in Moscow as President Nixon and New York Mayor Lindsay join 50 Jewish leaders in denouncing an anti-Soviet campaign by Jewish Defense League activists. JDL members threaten Soviet diplomats in New York and Moscow notes report hoodlum-style harassment and derogatory language toward diplomats. The Kremlin responds that Americans would not face such harassment if Soviet citizens are left in peace.
MENTIONED IN THIS ARTICLE
Associated Press
U.S
Moscow
Kremlin
Nixon
John V. Lindsay
New York City
United States
Jewish Defense League
Meir Kahane
JDL
Bers
U.S. A
Thompson R. Buchanan
OEO Funds Face Slash In Congress
Congress trims the Office of Economic Opportunity budget with a roughly 10 percent cut expected for 1972, despite an $800 million Nixon proposal. VISTA faces the same reduction, receiving about $33 million after initial proposals of zero funding sparked protest from volunteers and lawmakers.
MENTIONED IN THIS ARTICLE
Washington
Federal Poverty Agency
Nixon
Office of Economic Opportunity
Congress
Office of Management and Budget
Antipoverty
OEO
Volunteers In Service To America
VISTA
Budget Office
OFO
Bayh Trims Plan for Direct Presidential Election
Senator Birch Bayh will offer a revised amendment after the 92nd Congress convenes to drop the runoff provision and abolish the Electoral College. The plan would let the two top vote-getters, not the winner, be chosen by joint session if no candidate gains 40 percent. Other proposed amendments include 18-year voting age, DC voting representation, women’s equal rights, and a decent environment right.
MENTIONED IN THIS ARTICLE
Washington
Birch Bayh
Senate
Indiana
House
Bayh
Senate Judiciary Subcommittee
Congress
Supreme Court
District of Columbia
Legal Groups Say U S Wastes Indian Education Funds
National civil rights groups charge that federal dollars for impoverished Indian children were diverted to general school needs. The NAACP Legal Defense Fund and Harvard Center say districts used Title I and Johnson O Malley funds for white students and operating costs, with Bureau of Indian Affairs failing to ensure equal access to resources. The 1969-70 funds, about 66 million, are said to have funded nonIndian priorities in several western states, New York, Oregon, Oklahoma, and Montana, with calls for stronger federal oversight and state monitoring to guarantee proper distribution to Indian students.
MENTIONED IN THIS ARTICLE
Washington
Naacp Legal Defense Fund
Harvard Center For Law and Education
Congress
U.S. Bureau of Indian Affairs
Phyllis McClure
Legal Defense Fund
Arizona
New Mexico
North
South Dakota
New York
Oregon
Oklahoma
Montana
Johnson- O'Malley
Bureau of Indian Affairs
Office of Education
Strike Closes All Chicago Public Schools
The Chicago Teachers Union halted classes across the city for the second time in two years, affecting 577,679 students. Union leadership, demanding a 15 percent raise and addressing class size and safety, criticized a Board offer of 4 percent as an insult and warned of possible longer strikes with “freedom schools” if it lasts beyond a week.
MENTIONED IN THIS ARTICLE
Chicago Cap
Chicago Teachers Union
House of Representatives
Board of Education
John E. Desmond
James F. Redmond
Desmond
Chicago
West German ship Brandenburg sinks in Dover strait
In foggy Dover Strait, the 2,700 ton West German motorship Brandenburg sank after a collision with the Texaco Caribbean, leaving six bodies recovered and 12 missing. Fourteen rescued. The Texaco Caribbean, an oil tanker, exploded days earlier after a collision with Paracas Trinity, with authorities planning an inquiry into Channel congestion.
MENTIONED IN THIS ARTICLE
Folkestone
England
Strait
Dover
Texaco Caribbean
Paracas Trinity House
Brandenburg
Coast Guard
Antwerp
Belgium
West Indies
Texaco Panama Inc
Holland
English Channel
Italy Faces Referendum On Divorce
Rome AP reports Catholic lay groups press to put Italy's divorce law to a yes or no referendum. The Catholic Alliance seeks 500000 voter signatures. bishops may back the move. Vatican opposes the law citing the 1929 concordat. the constitutional court and civil courts face backlog as divorce after five years separation remains the rule.
MENTIONED IN THIS ARTICLE
Rome
Italy
Catholic Alliance
Agostino Sanfratello
Vatican
Holy See
Constitutional Court
Sanfratello
Bok Seeks Youth Ties At Harvard
President elect Derek Curtis Bok of Harvard vows to bring enthusiasm from young people during times of change. He will become the 25th Harvard president on July 1 succeeding Nathan M. Pusey who steps down after 18 years to lead the Andrew W. Mellon Foundation. Bok, 40, has been a Law School faculty member since 1953 and dean since 1963, noted for student rapport and expertise in labor and antitrust law.
MENTIONED IN THIS ARTICLE
Cambridge
Mass
Derek Curtis Bok
Harvard
Elter
Bok
Pusey
West Coast
Stanford University
Harvard Law School
Harvard Law Review
Also Mentioned on This Page
John JH. Pratt
Salty
Cheboygan
Mich
Detroit
Michelle LaBeff
Margie LaBeff
Michelle
Lindsay
United Nations
Nikolai N. Loginov
Mars Opticians
West Second Street
RAMS
Holter Agency
W. Patrick St
Frederick, Md
FT OF Life Family
Air R
F&t Life
Farmers and Traders
Nsurance Company
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