Tax Saving Insurance Plan Barred
Washington August 7 House Ways and Means Committee approved sharp restrictions on benefits for high income taxpayers who borrow to pay life insurance premiums. The plan, a admin version, aims to raise about 10 million yearly in tax revenue and will be folded into the tax revision bill. The panel also adopted rules to ease taxation of actors authors athletes with fluctuating incomes. The move would allow income spreading over five years for tax purposes to lower rates.
MENTIONED IN THIS ARTICLE
New York Times News
Washington
House
Ways “and Means
Buddhist Roundup: 365 Arrested Near Saigon Suburb
Buddhist leaders report 365 followers were arrested in homes during a mass police raid at Tan Son Hoa, a Saigon suburb. A Buddhist spokesman said all detainees, including women, possessed Buddhist handbills. Hue in central Vietnam near Saigon braces as 100 Buddhist students plan a hunger strike amid predicted unrest. Police brief notes also record a $200 reckless driving fine in Pinckneyville.
MENTIONED IN THIS ARTICLE
Saigon
Viet Nam
Tan Son Hoa
Ngo Dinh Diem
Hue
Senate Approves 1.2 Billion Military Pay Raise
The Senate approved a 1.2 billion dollar yearly pay raise for most active duty personnel and reservists, excluding recruits with under two years service. The measure would start Oct 1, costing 1.227 billion annually, with boosts of 5 to 120 dollars monthly for enlisted, 60 to 120 for officers, and extra hazard pay for those in hostile duty zones.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Senate House Conference Committee
Howard W. Cannon
D-Nev
Carl Vinson
D-Ga
House Armed Services Committee
U.S. Coast Guard
Coast and’ Geodetic Survey
Public Health Service
Viet Nam
South Korea
Soviet Satellite Sends Back Data From Orbit
Moscow reports the Soviet Union's 19th unmanned cosmos satellite is sending scientific data to Earth. Launched Tuesday it orbits between 167 and 332 miles in altitude and continues to transmit as of the Aug 7 update.
MENTIONED IN THIS ARTICLE
Moscow
Soviet Union
Charles Adams 74 West Frankfort Dies at Home
Charles Adams 74 of 409 N Madison St West Frankfort died Tuesday morning in Union Hospital West Frankfort after a year of failing health He was born in Lithuania came to the United States in 1910 and was a retired coal miner He belonged to Local 1285 United Mine Workers He leaves a nephew Peter Stines of Danville Funeral services will be at 9 am Thursday at St John Catholic Church West Frankfort with Msgr Michael Klimas officiating Burial will be in St Johns Cemetery Friends may call at Walker Funeral Home West Frankfort where the Rosary will be recited at 730 pm today
MENTIONED IN THIS ARTICLE
Charles Adams
West Frankfort
Charles. Adams
Madison St
Union Hospital
Lithuania
United States
United Mine’ Workers
Peter Stines
Danville
St. John's
Michael : Klimas
St. John’s Cemetery
Friends
Walker Funeral
Also Mentioned on This Page
John D. Morris
Pinckneyville
Richard Lively
Willisville
Justice of Peace
Robert Hubler
Perry County
Hardy Norris
Money Crisis
Torffe Kae
Choge Cherry
Eaton & Brown
G. E. Appliances
Carbondale
East Main
Murphysboro
B&b Shoe
Walnut St
Ou Quoin
Mount Vernon
Blackhawk Bacon
Sturgeon Bay
del Monte
ILBS
Heinz
Crisco
Manhattan
Angel Food
Porter
Lipton Tea
Phe
California
Cy Sime
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