Gas Tax Proposal Finds Little Support in Congress
Washington leaders told the White House that a proposed 50-cent per gallon gasoline tax has slim chances. Speaker O'Neill dismissed the idea as lacking enthusiasm on Capitol Hill after meetings with administration officials, while Senate leaders echoed the weak prospects for both a tax and a gas-rationing plan.
MENTIONED IN THIS ARTICLE
Washington
White House
Administration
House
Thomas P. O'Neill
O'Neill
Capitol Hill
Senate Energy Committee
Henry M. Jackson
D-Wash
Senate
O’neill
Carter
Congress
Foreign Investors to Profit Tax-Free From U S Land Sales
Treasury estimates foreign buyers will reap nearly $600 million in tax free profits this year from selling American real estate while Congress seeks to end the exemption that lets non U S investors avoid capital gains taxes. The Finance Committee moves toward repeal as farmers press for action amid rising land prices.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Congress
U.S
University of Georgia
Stephen Brannen
Senate Finance Committee
Senate
House Ways and Means Committee
Harold Breimger
University of Missouri Agricultural
General Accounting Office
Gold hits record high as prices surge worldwide
Gold jumped $15 to a record $446 an ounce in Zurich, with London bids at $443.75. Zurich closed at $431, London at $431.75, eclipsing the prior peak of $444 reached in October. Dealers cited Iran's oil-cut plan, anticipated higher oil prices, and a softer dollar as factors lifting demand.
MENTIONED IN THIS ARTICLE
London
Zurich
Europe
Tf Insurance
Also Mentioned on This Page
Miller
O’ O'Neill
Benner Williams
Sey
Berkline
Tell City
Boston
Andover
Baltimore
Rumford
Ene
Visa
American Express
Diners Club
UCR
Broyhill
Bentwood
Pilus
Enner
S. Main
Ottawa