Tax bill fight centers on capital gains
Congressional Quarterly reports in Washington on the capital gains tax fight as Carter supporters seek broader relief by repealing provisions of the 1969 and 1976 tax reform acts. Proponents argue lower rates would spur growth while opponents warn of revenue and fairness consequences.
MENTIONED IN THIS ARTICLE
Christopher R. Conte
Congressional Quarterly Washin
Jimmy Carter
Carter
Tional Venture Capital Association
American Council For Capital Formation
William A. Steiger
R-Wis
House
Ways and Means Committee
Steiger
Senate
Clifford P. Hansen
R-Wyo
Steiger Amendment
Treasury
W. Michael Blumenthal
Blumenthal
Congressional Joint Committee On Taxation
Ralph B. Bristol, Jr
Econcometric
Treasury Department
Welfare reform critique of Thompson era governance in Illinois
The piece analyzes James Thompson's early tenure as Illinois governor with respect to welfare fraud, Department of Public Aid performance, and reform efforts. It contrasts past administrations, notes administrative and enforcement challenges, and reports on a commission and director Arthur Quern. It also discusses broader tax policy shifts and capital gains rate debates, weighing potential economic impacts and partisan perspectives.
MENTIONED IN THIS ARTICLE
Department of Public Aid
Thompson
Public Aid Department
Samuel Skinner
Arthur Quern
Quern
Alexander
Illinois
Ogilvie
Walker
Welfare benefit levels lag as lawmakers debate boosts
The spring legislative session centers on welfare underfunding while tax breaks for business move ahead. Governors and lawmakers spar over a proposed ten percent rise for welfare payments, with current grants frozen for four years despite inflation. Medicaid vendor rates also draw attention, but obesity of budget priorities leaves poor families facing below poverty level support. Governor Thompson cites a $374 target for a family of five, but money is diverted to Medicaid vendors, delaying this needed increase.
MENTIONED IN THIS ARTICLE
James Thompson
Thompson
Illinois
Letters More for oil, less for regulation
Editor G C Wiegand argues the nation should cut oil regulation spending and boost oil exploration funding. He cites a $10.6 billion energy department budget and American oil companies spending about $10.3 billion in 1977, proposing $5 billion more for finding oil and $5 billion less for regulation.
Islamic conservatism grows across the Muslim world
In Saudi Arabia two Britons were flogged for making beer while Iran faced Shiite led riots and Egyptian militants were hanged for killing a former cabinet minister. The piece links these acts to a rising Islamic conservatism driven by opposition to Western influence, Sharia law, and social change, with Cairo's al Azhar and reformers cited as pivotal voices.
MENTIONED IN THIS ARTICLE
Christopher S. Wren
New York Times
Cairo
Saudi Arabia
Iran
Egypt
Middle East
Africa
Pacific
Pakistan
Mohammed al-Nawaihi
Palestine Liberation Organization
Also Mentioned on This Page
Puse
Ares Conte
Public Aid Thompson Responsibility
Richard B. Ogilvie
Daniel Walker
Carol Alexander
Ess
American Electronics Association
The
Southern Illinoisan
Department of Energy
G. C. Wiegand
Economics
Siu-C
Mohammed
al- Zahar
Abdel Halim Mahmoud
Kuwait
Anwar Sadat
Afghanistan
Kabul
Indonesia
Adam Malik
Lindsay-Schaub
William B. Cox Jr
Southern
John C. Gardner
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