Government tax loopholes cost billions in 1974 deductions
A Treasury study cited by Sen Mondale estimates $1 trillion in 1974 production escaped federal taxation due to deductions for state and local taxes mortgage interest property taxes and gasoline taxes plus exempt social security payments. The piece argues deductions favor upper income groups and that only people can lose.
MENTIONED IN THIS ARTICLE
Sam
Treasury Dept
Walter F. Mondale
D-Minn
Treasury
Washington
Mondale
Uncle Sam
Ford Faces Leadership Test Amid Economic Recovery Debate
Charles Bartlett surveys Republican rivals including John Connally and Ronald Reagan as they press President Ford on leadership amid a slow economy. Treasury Secretary Simon notes the demand for sacrifice, while critics warn of a defensive stance and limited leeway due to a tight budget.
MENTIONED IN THIS ARTICLE
Mr. Pond
John Connally
Ronald ‘Mo
Percy
Connally
Ord
Ford
Secretary of the Treasury
William Simon
Simon
Winton
Red
Ey Truman
Cabell
Over-legislation sparks call for anti laws drive
Tom Tiede cautions Congress piled up crimes and penalties making enforcement near impossible. A 1959 count tallies over 1.15 million regulations, with New York State lawmakers introducing 17 096 bills this year. The Pulaski Democrat editorial urges an organized nationwide anti laws campaign led by the legal profession.
MENTIONED IN THIS ARTICLE
NEA
Tom Tiede
Hugh Scott
Voltaire
New York
United States
Tiede
Scott
San Francisco
Perha
Investors surge among unemployed in stock market shift
AP reports pollster Albert Sindlinger that rising unemployment correlates with many now entering stocks. From February to May the unemployed stockholders grew from 427,000 to 2,175,000, while professional and technical holders fell, a shift toward a younger, inexperienced investor group. He warns of a major correction unless behavior changes and confidence improves.
MENTIONED IN THIS ARTICLE
New York
Albert Sindlinger
Gleises Y da
Sindlinger
Sindlinge
Indlinger
Japanese corporate expense accounts raise envy abroad
Focus Japan notes Japanese executives lavish entertainment and gifts are largely tax exempt. Corporate entertainment up to 4 million yen plus 1 percent of capital is tax free, with 25 percent of excess expenses also exempt. Tokyo Electric Power allocates 307 million yen yearly for social expenses. Smaller firms spend proportionally, and total 1973 socializing outlays rivaled government education spending.
MENTIONED IN THIS ARTICLE
Focus Japan
Japan External Trade Organization
Olfchair
Tokyo Electric Power Co
Grapefruit Diet Claims Drift in Weight Loss Inquiry
A 66 year old woman asks about grapefruit and safflower oil as weight loss aids. The reader notes true weight loss comes from consuming fewer calories, adding grapefruit before meals may curb intake, but eating the same amount afterward negates any benefit. A sensible balanced diet is advised.
MENTIONED IN THIS ARTICLE
DR. Lamb
Health letter outlines weight loss diet and fat intake
The Health Letter explains calorie balance in fats, contrasting safflower and corn oils. It cautions that high fat intake raises calories and cholesterol, urging lean meats and reduced fat in cooking to aid weight loss.
MENTIONED IN THIS ARTICLE
Ee P.O
Radio City
York
N. Iy
Today in History highlights notable events across years
On this date 1944 D Day Allied forces landed on Normandy beaches in World War II. Nathan Hale born 1755 in Coventry Connecticut. Alsace annexed to Germany 1871 after defeat in war. U S Marines entered World War I in 1918. Securities and Exchange Commission established 1934. Yorktown sunk 1942 at Midway. James Meredith wounded 1966 in Mississippi University event.
MENTIONED IN THIS ARTICLE
Normandy
France
Nathan Hale
Coventry
Conn
Alsace
Ger
U.S
U.S. Congress
Securities and Exchange Commission
Yorktown
Midway
University of Mississippi
James Meredith
Bureaucratic Turbulence Plagues New Federal Election Agency
Washington chaos surrounds the Federal Elections Commission as funding delays, staffing woes, and legal challenges hobble its start. Commissioner Tom Curtis notes missteps from setup to budget while courts scrutinize the campaign practices act threatening the agency’s future existence.
MENTIONED IN THIS ARTICLE
Washington
NEA
Federal Elections Commission
FEC
U.S
Lincoln
Douglas
Curtis
Tom Curtis
Capitol Corridors Arthur Levitt Surfaces as Politician
Arthur Levitt, longtime New York state comptroller, is described as a politician after years of nonpartisan fiscal scrutiny. The piece notes his past clashes with both parties and his era of independence, and suggests current cooperation with Governor Hugh Carey and Mayor Abraham Beame marks a shift in political posture.
MENTIONED IN THIS ARTICLE
Albany
N.Y
Arthur Levitt
Levitt
Iice
Brooklyn
Democratic
Averill Harriman
Nelson Rockefeller
South Malleen
Bates Lacey Election Authority
New York City
Hugh Carey
Abraham Beame
New York
Carey Levitt clash over city loans and state aid policy
The Carey administration announced an $18 million deficit and used year end fiscal maneuvers. Levitt resisted denouncing the tactics but later approved a $200 million and then a $600 million move framed as a loan to New York City. Critics say the arrangement skirts legality and masks the city's true debt.
MENTIONED IN THIS ARTICLE
Carey
Levitt
Oswego Palladium Times History and Publication Note
Oswego Palladium Times publication details list daily except Sundays and holidays at 140 West First Street Oswego New York 13126 with consolidation date April 21 1925. Publisher Morrison and Thomson Newspapers Inc provide advertising reps in Jesup and New York. The paper invites corrections and notes Associated Press affiliation.
MENTIONED IN THIS ARTICLE
West First St
Oswego
N.Y
Os N.Y
Oswego Palladium
Osweg Times
Morrison
Thomson Newspapers Inc
Des Plaines Ave
Jes Plaines
Thomson Newspapers. Inc
Rockefeller Plaxe
New York MY
Associated Press
Potledium Times
Also Mentioned on This Page
Gov't
Charles Bartlett
By John Gerdes
John B. Gerdes
The
Pulaski Democrat
Democrat
Business Mirror
John Cunniff
Associated P
Commission
Missouri
Congress
Star
Communion
Nee
Capitol
Politician
Berry's
Vic Orpt
Nelson
White House
Palladium-Times
Tee
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