Tax-free certificates to aid thrift and home lending
Congressional tax writers push a one-year tax free savings certificate plan to aid troubled thrifts and home lenders, offering up to 31000 for individuals and 2000 for couples. Critics say the benefit flows to high income earners, not low or middle income families, while revenues would drop about 4.7 billion.
MENTIONED IN THIS ARTICLE
Washington
Congressional
Senate
House
Crimcs
Sam M. Gibbins
D-Fla
Ways and Means Committee
Ed Jenkins
D-Ga
Treasury
William Brodhead
Dmich
Congress
Reagan
W. Henson Moore
R-La
House Tax Committee
Global gold dip and Ford Amsterdam plant protest
Gold prices opened sharply lower across Europe with the London fix at 454.50 per ounce and Hong Kong at 457.34 as the dollar strengthened against major currencies. In Amsterdam, Ford workers occupied the plant for a second time in two months over potential layoffs, while U.S. broiler producers may see price improvements in the latter half of the year as feed costs ease and exports rise.
MENTIONED IN THIS ARTICLE
London
Europe
Zurich
Hong Kong
Tokyo
Amsterdam
Netherlands
Ford Motor Co
Ben Scheepers
The
Works Council
Scheepers
Social Affairs Ministry
Ford
Holland
Ford ‘Transit
Washington (Ap
Agriculture Department
Task force asks Reagan to drop AT T case
The six member Cabinet Council staff urges President Reagan to order the Justice Department to drop its seven year antitrust suit against American Telephone & Telegraph. Baldrige chaired the briefing with other top economic officials, saying deregulation may replace the breakup plan.
MENTIONED IN THIS ARTICLE
Reagan
At&t
Washington
Justice Department
American Telephone & Telegraph Co
Commerce
Malcolm Baldrige
Baldrige
Cabinet Council On Commerce and Trade
Council
Com
Secretaries of Defense, Agriculture and Energy
Federal Emergency Management Agency
White House
Justice
Congress
Bell System
Washington Star
The
Star
US District
Allied plant's future strong at Solvay anniversary
Allied Chemical Co. executive Richard C. Ashley told a Syracuse Marriott Inn dinner marking Solvay plants 100th anniversary that the Solvay Works remains key to Central New York with ample salt and limestone for at least a decade and plans to expand the Jamesville Quarry. He praised community relations and noted the plant's continued role in soda ash production and related by products amid ongoing mining questions. An open house is planned for September to mark the plant’s opening anniversary.
MENTIONED IN THIS ARTICLE
Richard €. Ashley
Erwin G
Schultz, Center
Syracuse
Solvay Process Co
and Mark White
Solvay
Joseph A. Porcello
Allied Corp
Richard C. Ashley
Allied Chemical Co
Jamesville
Manlius
Greater
Green River
Wyo
Syracuse Works
Allied
Wyoming
Ashley
Solvay Brothers
Charles B. Sedgwick
Frederick Hazard
Hazard Street
Hazard
Chrysler up, othership Detroit sales dip in mid June
UPI reports domestic car sales collapsed in mid June with an 8.3 percent year over year drop to 171,570 units for June 11 20, the slowest rate since 1958. Chrysler rose 16.5 percent to 19,210 while General Motors fell 11.7 percent to 103,331 and Ford Motor declined 5.9 percent to 41,644. Volkswagen Rabbits slid 32.6 percent to 3,585.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Chrysler Corp
Chrysler
Bir
General Motors Corp
Ford Motor Co
Volkswagen of America
Midtown Plaza sale to Burlington investors and Saudi bidder buys Rockwell plant
The Onondaga County clerk filed deeds show Midtown Plaza at 700 E Water St sold to Tygate Cos of Burlington Vt for 673000 with plans to upgrade and possibly convert part into a motel. The Rockwell plant sold at auction to Centurie Holdings Ltd Isle of Man for 160000.
MENTIONED IN THIS ARTICLE
Midtown Plaza
Burlington, Vt
Borkwell International
Onondaga County Clerk’s
E. Water St
Tygate Cos
Burlington
Walter B. Levring
Donald R. Cobb
Paul R. Graves
Almashal
Non-dependent parents still provide tax break (Fourth of five)
A tax strategy shows you can convert payments for your parents babysitting into a child care credit. By separating support from babysitting costs you can qualify for the credit while treating caregivers as babysitters. If your parents remain above a $1,000 gross income threshold, careful planning may yield both the credit and potential medical deduction benefits.
MENTIONED IN THIS ARTICLE
Prentice-Hall
Also Mentioned on This Page
Savings and Loans
Gib
Gibbons
Business Digest
Allied Plant
North
South Carolina
Syracuse Marriott Inn
Mark White
Erwin G. Schultz
By Sylvia Porter
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