IRS Revokes Tax Exempt Status of Central States Pension Fund
The IRS revoked the Central States Pension Fund tax exempt status for alleged mismanagement and improper loans, retroactive to January 31 1965. If upheld after appeals, the fund’s earnings since 1965 face taxes, reducing funds for benefits and forcing employers to contribute more or accept lower benefits. The fund, with 16 trustees, is big in trucking and has faced prior criticism for investments including Las Vegas gambling interests.
MENTIONED IN THIS ARTICLE
William G. McIntyre
McIntyre
Internal Revenue Service
Central States Pension Fund
IRS
McIntyre’s
Central States
Labor Department
Central States Fund
Frank E. Fitzsimmons
Las Vegas
Departments of Labor and Justice
Veto Halts U.N. Plan for Palestinian State
The United States vetoed a United Nations Security Council draft that would set up a Palestinian entity in the West Bank and Gaza and withdraw Israeli forces from occupied lands. Deputy U.S. Representative Albert W. Sherer Jr. led the vote, continuing a string of American vetoes on the issue.
MENTIONED IN THIS ARTICLE
United Nations
N.Y
United Nations Security Council
United States
U.S
Albert W. Sherer Jr
Council
U.N. Palestinian Committee
Israel
West Bank
Gaza Strip
Heathrow theft suspect dubbed The Professor by police
Scotland Yard hunted for Stephen Patrick Raymond 30 and another man tied to last weekend’s theft of five strongboxes containing currencies from multiple nations at Heathrow Airport. The case followed a $4.1 million haul and ongoing police inquiries.
MENTIONED IN THIS ARTICLE
London
Heathrow
Scotland Yard
Stephen Patrick Raymond
Tax cut bill awaits signature by Ford
President Ford weighs signing a stopgap bill to freeze withholding rates through Sept 1 to shield workers from a 3 to 6 dollar weekly rise. Without action, withholding would rise at midnight and the tax cuts may be extended only to July 1, 1977 amid a broad, contentious reform bill debate.
MENTIONED IN THIS ARTICLE
Washington
Ford
Congress
White House
Ron Nelsen
Senate
House
Carter Gibson lead black mayors at conference
At the Milwaukee conference Ken Gibson Newark mayor and Jimmy Carter shared a stage with Tom Bradley Coleman Young and Maynard Jackson. Carter called for a national urban policy endorsing direct revenue sharing and city focused welfare reform while courting the growing bloc of black urban leaders.
MENTIONED IN THIS ARTICLE
Jonathan Wolman
Milwaukee
Ken Gibson
Jimmy Carter
Mayors’ Conference
Gibson
Newark
N.J
U.S. Conference of Mayors
Tom Bradley
Los Angeles
Detroit
Coleman Young
Maynard Jackson
Atlanta
United States
New York
Abraham Beame
Chicago
Richard Daley
Carter
White House
New
Daley
Also Mentioned on This Page
Roswell
N.M
Daily Record
World At Large
Weekend
the Professor
Kelley
Justice Department
FBI
Clarence M. Kelley
Department
James Adams
Karen
Morris Plains
Karen Anne Quinlan
Stephan Hansbury
Morris View Nursing Home
Miss Quinlan
St. Clare’s Hospital
Denville
Joseph
Julia Quinlan
Robert Muir
Val
MODEL
Roswell's Store For Men
F.E.T
Goodyear
Sale
Catch
Goodyear Revolving Charge
Gendheericard
Diners Cho
Toyota
Goodyear Service
Sen
Russell B. Long
D-La
Finance Committee
Georgia
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