Smoke booze and gas taxes likely to rise
Washington reports indicate higher state taxes on cigarettes liquor and gasoline are likely next year while income and sales tax rates may stay flat. Governors and legislators may raise low visibility taxes to fund budgets as spending growth outpaces revenue. A National Governors Conference survey shows 1976 sales tax collections could rise 11 percent and individual income taxes 9 percent.
MENTIONED IN THIS ARTICLE
Washington
John Shannon
Advisory Commission On Inter-governmental Relations
National Governors Conference
Federal budget to list priorities and aid jobs
The 1977 budget aims to separate affordable actions from desired ones. President Ford will present a nearly 395 billion dollar plan with a deficit of at least 40 billion and a 10 billion tax cut. Budget chief Lynn and White House officials stress priorities, tax incentives for construction and industry, and fewer federal workers.
MENTIONED IN THIS ARTICLE
Lynn
Congress
Ford
White House
Ron Nessen
Nessen
Chamber of Commerce
Ford rolls back most of price hike
Ford Motor Co after government and dealer pressure rolled back $97 of a $113 average price increase implemented 11 days earlier. The company cited slowing sales and early signs of lost business, promising refunds to dealers and potentially revisiting prices later if economic news worsens.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Ford
U.S
Bennett E. Bidwell
Bidwell
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James T. Lynn
Ida
British Auto
Bac Ae Fredenck
Shepley
Best Buys
Best Buy
Shepley's Furniture Warehouse
S. Market ST
Frederick
CALL
Newspa P
Spaphiye
ROLEX
Wnea Tire
Division of
Phoenix, Inc
Sperry New Holland
Ceresville Motor Inc
Frederick, MD
Francis Scott Key Bank and Trust Company
Francis Scott Key Bank Conan
North Court Street
FDIC
Aia Ie
Ee College
eTaw Va
Arts and Humanities
Cal
Ee Wee Contact
al Ded
Levey
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