178 Billion Defense Bill Advances to Final Passage
The compromise defense authorization bill, totaling 178 billion dollars, blends major Reagan programs for the next fiscal year. It surpasses House and Senate initial totals, funds MX missiles and related R and D, and trims civil defense and basing spending while preserving key aircraft and Navy ships.
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Reagan
Congress
Senate
House Armed Services Committees
House
Pentagon
Navy
Army
One Six Big Firms Paid No Corporate Tax in 1981
An independent Tax Analysts study shows nearly one in six large profitable firms paid no U.S. corporate taxes on 1981 earnings. Tenneco led with 1.017 billion in earnings yet claimed a $43.7 million refund, while Dow Chemical Union Pacific and CSX also reported large profits with no federal tax. Banks railroads and paper firms used deductions and credits amid a 46 percent tax rate.
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Washington
U.S
Tenneco
Dow Chemical
Union Pacific
CSX
Protests in Poland Rise Amid Martial Law Tensions
In Warsaw protesters restore a controversial floral memorial in Victory Square as Gen. Wojciech Jaruzelski returns from talks with Leonid Brezhnev. Riot police use tear gas on about 300 demonstrators singing nationalist hymns. Police clash with youths at the 130-foot Gdansk monument honoring workers killed in 1970. Government warnings against further anti government action intensify. Jaruzelski cites counter revolutionary underground backed by the United States as complicating the crisis.
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Poland
Victory Square
Wojciech Jaruzelski
Leonid I. Brezhnev
Ross
Stefan Wyszynski
Solidarity
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Gdansk
Baltic
Wroclaw
Krakow
Army
Soldier of Freedom
Brezhnev- Jaruzelski
Zolierz Wolnosci
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