Senate OKs Tax Bill With Something For Everyone
The Senate passed a broad tax bill by 49 to 22, freezing income taxes and extending last year’s cuts through 1977. It targets simplification, credits for college tuition and energy improvements, and aid for working parents and housewives, while expanding investor and business breaks. One rejected provision would have added 870 million a year to aid the wealthy.
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Washington
Senate
House
Senate House
Edward M. Kennedy
Dmass
Long
Kennedy
Ford Probing Confidential VP Candidates Health Finances Tax Data
President Ford begins a phase two confidential background check on potential running mates covering health finances and taxes from 1966 to 1975 with candidates asked to file full reports and public data sharing. Reagan presses Ford to name a mate before the Kansas City GOP convention as Ford marks the oath anniversary. Mary Ream reports.
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Robert Griffin
Michigan
Cut Your 76 Tax Bill Now Series Starts Monday
Sylvia Porter leads a five part Daily American series starting Monday August 9 outlining new IRS rulings for 1976 credits deductions and education costs. The column addresses education expenses scholarships student loans and the impact of rising Social Security benefits on parental support deductions.
MENTIONED IN THIS ARTICLE
Sylvia Porter
Daily American
Weather outlook for Laurel Mountain area this weekend
Periods of rain and a few thundershowers through Saturday night with heavy rain at times Saturday. Lows Saturday night around 65 with highs Saturday near 75 to 76. Partial clearing Sunday with highs in the mid to upper 70s. Winds variable 6 to 12 mph. Rain chance 80 percent Saturday and 70 percent Saturday night.
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Laurel Mountain
Unusually large July job seekers raise U S unemployment rate
Washington reports 7.8 percent jobless rate in July, up from 7.5 in June and 7.3 in May. AFL-CIO leader Meany urges political change. In Beirut, Palestinians storm convoy. four wounded aboard trucks reach safe zone. In Soweto, clashes leave several wounded as police face rioters. Rosalind Russell undergoes successful hip replacement at UCLA Medical Center.
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Reagan Schweiker Defend Conservative Liberal Team
Reagan and Schweiker defended their joint ticket while courting uncommitted delegates in Pennsylvania. They stressed not compromising principles and sought to unite GOP factions to win the election, with Schweiker noting areas of agreement on gun control abortion and busing and backing Reagan’s catastrophe insurance plan over broader health coverage. The pair faced questions on delegate totals as Ford led nationally.
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Ronald Reagan
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Ford
GOP
Associated Press
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