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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
May 29, 2003
Page
5
Washington AP reports the 2003 tax law lowers rates back to January 1, 2003, with the middle rate down two points and top rate down 3.6 points. Employers will start reduced withholdings by July 1, while a $1,000 child tax credit offers advance refunds this summer.
The White House and OMB push revisions to federal nutrition guidance. They urge emphasizing omega-3 rich foods such as fish while warning against trans fats, criticizing current standards for focusing mainly on saturated fat and cholesterol.
The economy grew at a 1.9 percent annual rate in Q1 2003, up from 1.6 percent but still below normal. Consumer spending rose, while business spending fell, and the Fed kept rates at 1.25 percent as economists forecast mixed near-term growth.
In Katmandu Nepal Sir Edmund Hillary was celebrated by the royal family and climbers from around the world for the 50th Everest ascent anniversary. Nepal announced honorary citizenship for Hillary for his Sherpa community service. Tenzing Norgay, his Everest partner, died 17 years ago.
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