Senate tightens tax law for high earners above 200000
The Senate approved a compromise plan to raise the minimum tax on wealthy investors and corporations, widening the group affected from about 40,000 to roughly 270,000 individual returns. The measure, part of a multibillion-dollar tax revision, follows a House-passed version and aims to curb tax avoidance by the rich.
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Senate
Russell B. Long
D-La
Walter F. Mondale
D-Minn
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Long
Finance Committee
House
Smith cites Johnson hints Castro tied to Kennedy death
ABC newsman Howard K. Smith relays Johnson privately claimed Kennedy sought Castro while Castro silenced him. Sen. Schweiker says renewed inquiry could reveal fresh leads linking the assassination to a Cuban connection or conspirators.
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Doles Doubtful View Of Fords Busing Limit Proposal
Senator Dole declares Ford’s plan to curb school busing has little chance of passage and Gov Mansfield agrees the Senate is unlikely to act this year. Griffin says there may still be time to bring the issue to the Senate before year end.
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Dole
Harold Stassen
Fords
Robert Dole
R-Kan
Senate
Mike Mansfield
Labor Day
Montana
Ford backers win in Minnesota GOP convention test
At the Independent Republican convention in St Paul Ford supporters secure a majority rule for the 18 remaining national delegates. Reagan, arriving from Mississippi, denounces the rule change and warns of a walkout if unity is harmed. The contest for the GOP nomination remains tight with Ford leading 1,008 to 928 and 161 delegates needed.
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Minnesota
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Kissinger Warns Soviets on Independent Eastern Europe Policy
Secretary of State Henry Kissinger told the Soviet Union the United States will engage Eastern Europe on an independent basis. He stated that the U S recognizes no spheres of influence or pretensions to hegemony in a major foreign policy address.
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Henry A. Kissinger
Soviet Union
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Anti-trust suits filed against American Bar Association
Government moves to have restrictions on lawyer public advertising ruled illegal. House Ethics Committee to begin hearings July 19 on leak of intelligence report to CBS reporter Daniel Schorr and others. Canada dispute grounds most domestic Canadian flights. US Air Line Pilots Association bans Canadian operations after midnight. airlines suspended Canadian flights due to regulatory dispute on bilingual air traffic control.
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American Bar Association Today
House
Ethics Committee
CBS
Daniel Schorr
U.S. Air Lines
Toronto
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Eastern Airlines
Canada
U.S. Air Line Pilots Association
Quebec
Carter reaches pledged delegate threshold for nomination
An AP survey finds Jimmy Carter has accumulated enough committed convention delegates to secure the party nomination. The report notes Carter leads the race with solid support across multiple states and is poised to clinch victory at the convention.
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Jimmy Carter
Carter Sees Path to First Ballot Victory Amid Deliberations
A six pair jury resumes deliberations in a ready mix concrete bribery case involving two former Illinois lawmakers and several officials. The AP tally shows Carter holding a commanding delegate lead toward the Democratic nomination with more than 1,510 committed delegates and expectations of a first ballot victory.
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U.S
Illinois
General Assembly
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George Wallace
Carter
Wallace
Alabama
Washington
Griffin Lindsay-Schaub Confirmed to Savings and Loan Panel
Senate approves Griffin Lindsay-Schaub of Springfield for a four year term on the Savings and Loan Commission by a 43 to 4 vote. Governor Daniel Walker’s other nominee, A P Bud Kanitz of Chicago, was rejected for the Fair Employment Practices Commission amid a 4 to 28 vote, with concerns over party alignment.
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Springfield
Timothy Griffin
Senate
Savings and Loan Commission
Griffin
Daniel Walker
Senate Executive Committee
A. P
Bud) Kanitz
Chicago
Fair Employment Practices Commission
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