Energy tax breaks head to conference as prices rise
Senate approves a multibillion dollar package of energy tax breaks aimed at boosting conservation and production. House measures favor higher energy taxes with rebates to consumers. Conference committee will merge provisions, likely lifting prices on most goods while offering targeted credits for home energy efficiency and heating costs. Senator Russell B. Long leads as chief sponsor.
MENTIONED IN THIS ARTICLE
Jim Luther
Associated Press
Washington
Senate
Congressional Conference Committee
House
United States
Federal Treasury
Carter
Conference Committee
Russell B. Long
D-La
Pecos student elected to Texas A&M Senate
Pecos student Brian James Gross, son of Dr and Mrs B J Gross, was elected to the Texas A&M University Student Government Senate. He was one of five picked from 25 candidates. Gross, a political science economics double major in the honors program, is active in Pre-Law Society Student Y and Delta Y, the Political Form and serves as an aide to the Judicial Board.
MENTIONED IN THIS ARTICLE
Brian James Gross
B.J. Gross
Pecos
Texas A&m University
Gross
Delta ‘Y
Judicial Board
Ample investment money and profits overstate oil gains
A study for the American Enterprise Institute argues oil company profits have been higher after risk is considered, challenging claims that price controls suppress investment. Shyam Sunder of the University of Chicago outlines risk adjustments showing oil profitability near or above average, with investors facing lower risk and decent returns.
MENTIONED IN THIS ARTICLE
Washington
American Enterprise Institute
Shyam Sunder
Graduate School of Business
University of Chicago
Sunder
American prisoner prefers Mexican jail over U.S. probation
Lance English, jailed in Matamoros, says he would rather stay in a Mexican cell than face two and a half years of federal probation on a Christmas return to Austin. He is among 26 Americans awaiting an exchange under a treaty, with details still unsettled.
MENTIONED IN THIS ARTICLE
Miller Bonner
Associated Press
Brownsville, Texas
Lance English
Austin
U.S
English
Rio Grande
Matamoros
Brownsville
William M. Mallet
United States
Mallet
San Antonio
Monterrey
Nuevo Laredo
States
RR commission issues ruling on production
The Texas railroad commission issued an emergency rule prohibiting natural gas production beyond market demand in state oil and gas fields. The move clarifies gas market demand determination and allocation procedures to curb over production and protect gas utility customers.
MENTIONED IN THIS ARTICLE
Austin, Tex
Railroad Commission
Texas
Commission
Carter Eyes Expanded Aid to Firms Hit by Imports
President Carter weighs a 50 to 100 percent boost to the import impact program. Proposals would broaden aid to communities and workers, shift toward modernization loans, retraining, and city economic assistance, while preserving laws against dumping and urging product switches where feasible. A task force led by Juanita Kreps drafted the plan with several agency reps.
MENTIONED IN THIS ARTICLE
Robert Papry
Associated Press
Washington
Carter
Japan
West Germany
Zenith Radio Corp
Watsontown
Chicago
Taiwan
Mexico
Commerce
Juanita M. Kreps
Labor, Treasury
State Departments
Council of Economic Advisors
Robert Strauss
Office of Management and Budget
Weather forecast reports cooler conditions after rain in Texas
The forecast calls for generally fair and cooler weather tonight and Wednesday. Recent heavy rainfall in Texas dropped two and a half inches in six hours in San Antonio. Skies were partly cloudy across the Southwest Southeast and Northeast with cool or seasonable mild temperatures overall.
MENTIONED IN THIS ARTICLE
Texas
San Antonio
Kerrville Lions Club to Hear Camp Report by Fehrenbach
Al Fehrenbach, representing Texas Lions Camp in Kerrville, will be guest speaker at the Downtown Lions Club noon meeting tomorrow. The camp supports diabetic and crippled children and operates the Texas Center for Blind from September to May. The annual budget is about one million dollars, funded by dues and gifts. Fehrenbach seeks continued Lions support.
MENTIONED IN THIS ARTICLE
al Fehrenbach
Texas Lions Camp
Kerrville
Lions Club
Holiday Inn
Lions Camp
Texas Center For Blind
Lions
Texas
Fehrenbach
Lions Clubs
Best record yet State comptroller recovering taxes
State Comptroller Bob Bullock announced auditors recovered 81 million dollars in unpaid taxes for fiscal 1977, boosting totals from 18.8 million prior to his term. He cited a ten to one return on the expanded audit investment and noted over 14 million of the revenue came from out of state firms with Texas operations. The department’s 40 enforcement offices collected 93.2 million, mostly delinquent taxes, surpassing expectations.
MENTIONED IN THIS ARTICLE
Austin
Bob Bullock
Comptroller’s Office
Bullock
Texas
Comptrol
Ler
Also Mentioned on This Page
Barstow
Valerie Granada
Saul Arenivas
Anna Marie Arenivas
Phillip Flores
Robert Hinojos
A&m Senate
Conserva
Tion
Terrell English
Lance
RR Commission
Downtown Lions Club
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