Carter plans cap on mortgage interest deduction
Budget Director Bert Lance said the Carter administration favors a ceiling on mortgage interest deductions for wealthy homeowners. The plan aims to curb deductions for second or third homes and high-value residences. A tax reform bill slated for summer consideration would include the cap, with estimates as high as 1500 to 250 million dollars. Lance noted the middle class should not bear a dramatic tax hike while acknowledging possible overall reform. He also discussed a broad executive branch reorganization with implications for several agencies, and a tax policy ceiling to guide fiscal 178.
MENTIONED IN THIS ARTICLE
Washington
Bert Lance
Carter
Congress
Lance
Drgetown
America
Lanve
Seience
Internation Economic Office
Shanapement
Ited
AT&T seeks delay on FCC private line ruling
AT&T asked a New York court to delay a federal order forcing it to end a discount private line service. The FCC ordered AT&T to allow use of private lines for sharing and reselling. AT&T warned the move could jeopardize Telpak service used by about 240 customers including government and major news agencies.
MENTIONED IN THIS ARTICLE
New York
Iap
American Telephone and Telegraph Co
Federal Communications Commission
At&t
Associated Press
United Press International
FCC
Blabbermouth ingredients show off new explosives tech
In Seneca Maryland federal agents demonstrated tagging explosives that reveal origin and timing after blasts. A 1905 museum car and a Victorian house were destroyed using dynamite and C4 while ATF officials explained magnetizable, phosphor and micron particle tracers that identify manufacturers dealers and dates.
MENTIONED IN THIS ARTICLE
Seneca
Trigear
Ant Bens
Muse Fang
Treasury Department
Bureau of Alcohol, Tobacco and Firearms
ATF
Economists foresee steady U S economy upswing into 1979
Philadelphia AP The Wharton forecasting group predicts broad gains across sectors over the next 18 months with unemployment at about 7 percent today dropping to roughly 54 percent in early 1979. Plant and equipment investment lead growth, imports exceed exports until 1979, housing starts rise, and personal income climbs while autos lag and real GNP growth slows to 3.3 percent in 1979.
MENTIONED IN THIS ARTICLE
Philadelphia
Wharton Econometric
University of Pennsylvania
Lawrence R. Klein
Gerard Adams
Richard M. Young
United States
CB radar tip ruled no crime in alerting drivers
New York Court of Appeals unanimously ruled that a Citizens Band radio warning of a radar speed trap is not a crime. William Norwood’s CB alert to two others in St Lawrence County led to a disorderly conduct plea. the court overturned that conviction and held warnings alone do not amount to obstruction or unlawful interference.
MENTIONED IN THIS ARTICLE
Albany
N.Y
New York
Court of Appeals
William Norwood
St. Lawrence County
Norwood
Lawrence Cooke
Also Mentioned on This Page
U.S
Ilseas
Rex . Davis
la Guardia
FBI
ATE
New York State
P. Addabho
D-N.y
House
Atton
Davis
3-M
Westinghouse
Bob Gemmill
Ther
Seneca, Md
Sale Grads & Dads
ROYAL
Rockwell
Sange
Celia
E. Broadway
Roe Parking
Eure
Noy Srey
RaSh
Weatherall
Ellis
Oregon Sk
Long Beach
Temacan
Dooley
Polaroid
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