Congress seeks to end tax shelters used by wealthy
Washington AP reports the House Ways and Means Committee moves toward broad tax-law changes to close shelters that let high income Americans show large gains while paying little or nothing in taxes. The panel already tentatively approved measures expected to raise about 5.7 billion over six years, targeting film, real estate, farming, equipment leasing, and oil and gas shelters, with some exploratory wells spared. Examples include a dentist with 156000 income and a movie shelter who paid no tax and a lawyer with 151000 income in a cattle shelter also tax-free. An executive earning 448000 paid only 1200 due to a real estate shelter.
MENTIONED IN THIS ARTICLE
Washington
Filmland
Congress
House
Ways and Means Committee
Federal Treasury
Internal Revenue Service
Weekday School Menus Highlight Dishes and Desserts
Monday chili dog and buttered hominy with peppers served with green beans and ice cream. Tuesday baked cheese sandwich with pinto beans tomato wedge cinnamon crispie applesauce and milk. Wednesday lasagne casserole seasoned spinach salad and chocolate oatmeal cake with bread sticks and milk. Thursday charburger with fries lettuce and peach slices plus milk. Friday country fried steak with gravy mashed potatoes glazed carrots stuffed celery gingerbread and milk.
Balloons and Ballots Hint at Election Winds
A columnist muses that recent Middle East calm offers time for reflection on when conflict will resume. The piece argues the real sound behind the peace is politicians flying home for the November elections.
MENTIONED IN THIS ARTICLE
Middle East
Trade Wisdom From The Road And Market Cautions
A satirical note advises letting a lady precede you to avoid sudden danger from trucks. It also mocks the horse and auto trade, suggesting buyers often feel foolish when a deal goes sour.
Record grain crop seen despite slight drop in corn prospects
Agriculture officials optimistic that bumper crops will shield consumers from steep food price rises and support exports to the Soviet Union. They forecast a record 5.69 billion bushels of corn, up 22 percent, and a near 2.14 billion bushels wheat crop, up 19 percent from 1974. Prices for bacon rise as livestock lag reacts to new crops.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Soviet Union
Robert Wisner
Des Moines
U.S
Department
Ford
Russia
Dawson Ahalt
Ahal
Iowa State University
Stock market slips and bonds rise amid rate news
New York stocks recovered modestly after three down days as banks boosted prime lending rates to 8 percent. The Dow rose 6.49 to 819.15, with gainers led by glamour and blue chip issues. Bank rate hikes followed by mixed market reactions. cotton futures fell on higher crop estimates. gold prices mixed across markets. A mention notes annual meteor showers from cometary debris.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
First National City Bank
New York Cotton Exchange
London
Paris
Frankfurt
Zurich
Handy & Harman
Engelhard
Deaths of Mrs. Leslie Worsham and infant Jesus Lujan Jr.
Services for 57 year old Mrs. Leslie E. Worsham will be held at First United Methodist Church with burial in Evergreen Cemetery. She died at Memorial Hospital early today and is survived by a daughter, two brothers and two grandchildren. Graveside services for two day old Jesus Lujan Jr. will occur at Santa Rosa Cemetery with his parents and sister listed among survivors.
MENTIONED IN THIS ARTICLE
Leslie E. Worsham
First United Methodist Church
Evergreen Cemetery
Jesus Lujan JR
Santa Rosa
Memori Hospital
Jesus Lujan
Anna Maria Lujan
Origin and rise of Yankee Doodle in America
The song Yankee Doodle is believed to have originated in England in the 1750s to deride American colonials but later became a patriotic American tune. Its first known American printing appeared in Benjamin Carr's Federa Overture in Baltimore in 1795.
MENTIONED IN THIS ARTICLE
England
Benjamin Carr
Baltimore
Saturday Country Music Jamboree at Gibson Parking Lot
Country music jamboree Saturday at 8 p.m. in the Gibson Parking Lot. Bring folding chairs. Also listed are Evening Lions Club at American Motor Inn at 6 p.m. TOPS Club meets at the E 10th Street senior citizen center at 6 p.m.
MENTIONED IN THIS ARTICLE
Gibson
Lions Club
American Motor Inn
Tops Club
E. 10Th St
Senior Citizen’s Center
Pecos Enterprise Dispatch Rights Notice
The Pecos Enterprise states that its Associated Press content is exclusive for republication in this paper and that all news published herein is either AP credited or not credited to any other source.
MENTIONED IN THIS ARTICLE
Ember
Associated Press
al News
Also Mentioned on This Page
By Phil Pastoret
Salt Lake City
Bud Slagle
Aspasia
Sue Sainsbury
Slagle
Colleen
Don
Moscow
Stock Market Report
At&t
Ad Rich
Beth Sdl
Borden
Brit. Pet
Chrysler
Coca Cola
Dow Chem
duPont
Eastman
Exxon
Fairchild Cam
Elec
Tel
Gen Tire
Goodrich
Great
A&p I
Gulf Oil
Gil Stat
Hous LP
IBM
Jon-Man
Int Paper
John Joh
Litton
Marathon
Marcor
Mobil Oil
Monsanto
Penney
Phill Pet
RCA
Safeway
Sears
Sony
Stand Ind
Sun Oil
Texaco
Texas
UN Carbide
Uniroyal
US Steel
Woolworth
United Dept. Store
Sidewada
Sprouse Reitz Stores
Sprouse Reitz
Moree
Prestone Anti-Freeze
Prestone
Pringle’s Potato Chips
Pepsi-Cola
the Boss
Pepsi
Fora
Hubbs Office Supply
S. Oak St
Pecos
Pecos Enterprise
Cedar St
Tex
P.O. Box
N Pitts
Owens
Ynn Webb
Secky Rivera Mane Osborn
Mary Shute
Uben Baca
Mily Galindo
Arlos Nicholoyce Miller
Reeves
Reeves, Ward and
Levin
Oanties
Shugart Coupon
Community Public Service Company
Your Electric Light & Power Company
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