Ford tax plan favors lower income taxpayers
President Ford proposes tax reductions that favor low and middle income families over high earners to offset rising energy costs. The plan includes an initial withholding cut, a 12 percent one time rebate for 1974, and ongoing 1975 tax cuts totaling about 28.5 billion. Aimed at a four person family, net savings vary by income, with the $10,000 bracket gaining the most at 349 dollars, while higher brackets gain less and may lag energy increases. An $80 check is promised for those with no taxable income to cover energy costs.
MENTIONED IN THIS ARTICLE
Washington
Ford
Frank Zarb
Zarb
State of the Union
White House
al UlNman
D-Ore
House
Ways and Means Committee
Dems view Ford plans face long road to tax cut
Washington AP report notes House Democrats aim to pass a tax cut within two months while voicing that Ford’s broader economic and energy package will move slowly and require revisions. Critics say the plan fails to curb recession and could lift fuel prices, with Republicans urging congressional action.
MENTIONED IN THIS ARTICLE
Washington
House
Ford
Congress
Portugal agrees to Angola independence near end of colonial era
Portugal and Angola guerrilla leaders signed a framework to end colonial rule with independence set for November 11. A three member presidential council will form January 31 representing each group, while 8,000 fighters unite under a 10 member defense council to run the new state.
MENTIONED IN THIS ARTICLE
Penina
Portugal
UPI
Angola
Francisco da Costa Gomes
Guerriila
Henry the Navigator
Indians seek settlement at novitiate showdown
A small band of armed Indians at the Alexian Brothers novitiate near Gresham wants negotiations and to leave this week, contradicting AIM claims. Col. Hugh Simonson says leader Mike Sturdevant told him he intends to end the dispute. Whites fear land seizure if the novitiate falls, while residents report mixed comments from officials and governors about possible talks.
MENTIONED IN THIS ARTICLE
Simonson
Banks
American Indian Movement
UPI
AIM
Mailmen threaten nationwide strike over postal automation
Washington AP report says the National Association of Letter Carriers may strike in March if the Postal Service implements a computerized route system feared to eliminate 15,000 jobs. Union leaders warn it would turn carriers into robots, slow mail, and burden workers.
MENTIONED IN THIS ARTICLE
Washington
U.S. Postal Service
National Association of Letter Carriers
Union
Post Office Department
James H. Rademacher
Postal Service
Rademacher
Seattle
Kokomo
Ind
Industrial output slips in December 1974
The Federal Reserve reports a 2.8 percent drop in U S industrial output in December the largest monthly decline in 16 years The decline widens the gap from a year earlier and signals a weakening economy President Ford presents proposals aimed at shifting focus from inflation to recession Wholesale prices also fall for the first time in 14 months while unemployment checks reach a record Christmas week total of 3 9237 million and the Fed cites broad economic weakness
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Ford
Congress
Fed
Labor Department
Colder Tonight With Overnight Low Near Zero
The forecast calls for colder conditions overnight with temperatures dipping close to zero. Details are continued on page 2.
Ford to Visit Yugoslavia If Schedule Allows
President Ford accepted Tito’s invitation to visit Yugoslavia, with dates to be set by mutual agreement. The White House confirmed the exchange, and Ford indicated a European trip this spring could include Yugoslavia if a suitable date is found.
MENTIONED IN THIS ARTICLE
Washington
Ford economic proposals draw mixed national reaction
Washington AP reports broad criticism and support for President Ford's State of the Union ideas. Labor, foreign governments, and some business groups challenge the plan, while the U.S. Chamber of Commerce and Milton Friedman welcome tax cuts. AFL-CIO chief Meany calls proposals unsupportable and vows to fight in Congress. Henry Ford II urges quick congressional action.
MENTIONED IN THIS ARTICLE
Washington
Ford
U.S. Chamber of Commerce
Richard M Ninon
Paul W. McCracken
Milton Friedman
University of Chicago
Afl-Cio
George Meany
Meany
Arch Booth
Chamber of Commerce
Booth
Congress
Henry Ford WU
Ford Motor Co
DNA attitude blamed as major DNR problem
Madison AP report notes investigator James B. MacDonald found the Department of Natural Resources faces a bigger issue in employee attitude than structure. He cites unwillingness to take stands, poor public communication, and failure to enforce laws, while praising some competent personnel and exemplary procedures.
MENTIONED IN THIS ARTICLE
MacDonald
Willis F. Long Af Madison
John Muir
The
Sierra Club
State trails fee proposal sparks equity dispute at DNA hearing
Wisconsin considers 50 cent daily or $2 seasonal fees for six state hiking and biking trails while snowmobiles would be exempt. Critics say the plan unfairly targets bicyclists, noting higher snowmobile costs and urging revenue-protection against implementation costs. Campground owners deride a $1 nightly winter camping fee as insufficient and burdensome to private operators. Trails span Sparta to Bilroy and Park Falls to Door County along rivers.
MENTIONED IN THIS ARTICLE
Madison
The
Natural Resources Department
Norman C. Huth
Glen
Joseph Waters
West Bend
Wisconsin Association of
DNR Park
David Weizenecker
Sparta
Bilroy
Tuscobia
Park Falls
Red Cedar
Sugar Rivers
Door County
U.S. 5
Oneida County
Also Mentioned on This Page
Jackie Walls
Detroit
Treasury Department
Nelson Rockefeller
Grams
House Democratic Caucus
Phillip Burton
California
Costa Gomes
Penima Golf
Alexians
Guy Lucey
Larry Gehr
Shawano
Legend Lake
Menominee County
Wamien's
Yugoslavia
Dale
Milwaukee County Conservation Alliance
David VanderMuelen
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