Reagan ties fray as business group balks on tax cuts
Washington dispatch reports the Reagan administration, once allied with big business, faces friction as the Business Roundtable resists proposed cuts to individual taxes. Treasury officials accuse Roundtable leaders of greed and arrogance while Regan weighs public rebukes or concessions to preserve the president's economic program amid deficits and a tightening economy.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Administration
Treasury
Donald T. Regan
Wall Street
Business Roundtable
Congress
Kegan
Merrill Lynch and Co
Regan
Roundtable
Treasury Vicials
White House
James Keogh
Budget Deficits and Rates Spark Doubts on Reagan Policy
AP Business Analyse notes critics believe Reagan’s supply side approach fails to energize the private sector as high interest rates and deficits bite. Families delay home purchases, builders delay projects, and automakers avoid new models due to financing costs, while businesses struggle to expand with costly capital.
MENTIONED IN THIS ARTICLE
Vietnam
Carter
Reagan
Wall Street
Phillips KC Refinery to Close August First
Union officials say Phillips Petroleum Co will shut down its Kansas City Kansas refinery starting August 1. They cite a sharp drop in demand for petroleum products. Company spokesmen would not comment pending a news conference in Kansas City.
MENTIONED IN THIS ARTICLE
Kansas City, Kan
Phillips Petroleum Co
Fairfax Industrial District
Kansas City
R.I. Robinson
Phillips
Gordon Goering
Patterson
Legislative Highlights From The Associated Press
The House tentatively approves a bill doubling and tripling minimum felon sentences, sparking concerns about prison overload and cost. A divorce law overhaul clears the House 102 to 22, greatly limiting grounds for divorce. The Senate backs stronger well plugging regulation to curb groundwater pollution, licensing drillers and pluggers. Three intangibles tax options advance, with local choices and elderly exemptions. Tougher DWI penalties pass committee, with escalating fines and jail time across offenses.
MENTIONED IN THIS ARTICLE
Senate
House
Ways and Means Committee
State Supreme Court
Senate Judiciary Committee
Ottawa School Board Nonrenewals Prompt Debate and Grievances
The Ottawa School Board voted 6-0 to not renew ten teachers contracts, drawing protests from staff led by Cathy Sutton of the Ottawa High music program. The action follows a three step state process and prompts potential grievances and possible legal action as teachers push back against reductions in force.
MENTIONED IN THIS ARTICLE
Page
Cathy Sutton
Ottawa High School
Sutton
LaVenna Boyer
Lynda Alderman
Eisenhower
Marilyn Chrismer
OHS
Mike Ford
Linda Fredricks
Reading
Lincoln
Jack Freeman
Ottawa
Jim Kimbrough
Laura Swartz
Alice Jo DeFries
Ottawa University
California
Jack Beauchamp
Beauchamp
Larry Maes
Roger Nelson
Teachers’ Association
District advisory council gains three new appointees
ECVC appoints Susan Geiss of Ottawa Middle School as social studies rep Jackie Steelman Eisenhower fourth grade teacher as science rep and Alice Jo DeFries as school board representative on the District Advisory Council for Education overseeing curriculum review.
MENTIONED IN THIS ARTICLE
Advisory Council For Education
Susan Geiss
Ottawa Middle School
Jackie Steelman
Eisenhower
Alice Jo DeFries
District to take bids on property and liability insurance
The board set noon on March 29 for a special meeting to receive bids for district insurance coverage in all areas except health. Eight local firms are expected to submit bids as the current policy expires April 1, making the March 29 meeting crucial to allow bidders time to prepare packages.
MENTIONED IN THIS ARTICLE
Nelson
Money Market Rates Down With T-Bills
Washington AP reports banks and thrifts may pay up to 13.226 percent on six month money market certificates, down from 13.693 percent, with the minimum deposit set at 10,000 and tied to the higher of a T-bill yield or the four week average. Six month bills sold at 12.064 percent and three month bills at 12.058 percent, marking declines from last week as short term Treasury yields drop to two month lows.
MENTIONED IN THIS ARTICLE
Washington
Savings and Loans
Treasury
Also Mentioned on This Page
John Cunniff
New York
Lyndon Johnson
Jimmy Carter
Camp David
Ronald Reagan
Johnson
Union
Phillips KC
Kan
Bartlesville
Okla
Kansas State
the Family Circus
By Bil Keane
Needles
Joey
Goosemyer
Parker
Lah
Ottot
Bowser
The
Associated Press
Kansas
Chuck Tilman
CEA
OFA
Paul Harrison
Sunflower UniServ
KNEA
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