Major tax reform bill changes estate rules and credits
Washington reports final tax revision bill after three years of work. Estate tax changes raise revenue through a rising tax credit reaching 175,625 by 1981, with survivors gaining extra exemptions. The measure tightens shelters, broadens credits, strengthens minimum tax for the wealthy, and expands rights and limits in IRS dealings.
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Ford offers revised contract ahead of UAW deadline
Ford Motor Co expected to present a revised proposal today as talks with the United Auto Workers near the strike deadline at 11:59 p.m. Tuesday. Ford’s top negotiator teased a fresh offer possibly as soon as 9 30 a.m. while stressing the plan is not fixed in stone. UAW President Leonard Woodcock and Sid McKenna voiced caution about details.
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Ridgeville levy defeated amid voter apathy and timing critique
Ridgeville voters soundly defeated the school levy amid alleged communication problems and a silent opposition campaign. A Chronicle Telegram news story about the extra $152,500 funding drew fire, with Ward 3 and precinct 1A showing the strongest opposition as only Mills Creek precincts supported the levy.
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County jail opening delayed amid levy push
Lorain County officials defend slow progress on the new jail as delays continue and levy support is deemed crucial for operation. Sheriff Smuth and others praise the facility, noting anticipated open house for residents to view the model jail and rehabilitative focus.
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Defecting pilot hidden in Calif
Viktor Belenko, a Soviet Air Force officer who defected with a MiG25 Foxbat, was apparently hidden in Southern California after arriving on a Northwest Orient 747 from Tokyo. He was whisked away by Defense Department escorts and police, with authorities silent on his exact location or plans to move him.
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Lottery winner eyes big new car in Ohio draw
Murray C Wheeler, a retired tuck driver from Prospect, won 290000 in Ohio Lottery Pot O Gold. He plans a Lincoln Continental, home upgrades, and support for family. Other winners included Guy C O Neil 25000 and Bernard Buleski 11000. The televised draw listed winning numbers and state qualifiers.
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Can U S afford its Congress
New York AP report says Congress spent about 925 million dollars in the last fiscal year, nearly 2 million per member or 4.30 per person, with costs rising faster than the federal budget and prices. The Tax Foundation notes 168 percent rise since 1970 and 441 percent since 1960 due to legislative staff growth and higher salaries.
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U.S. drops loyalty query in federal job forms
Federal job applications will no longer ask about Communist Party membership. Questions 27 through 29 on form 171 are erased as the Civil Service Commission ends the long standing loyalty queries first used in 1953. The move comes after courts found the questions overbroad and infringing on association rights. A separate AP report notes a Michigan State University football judge ruling about six players facing Ohio State suspensions today.
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Ohio grain prices by region after market close
Ohio grain elevators posted cash prices in three regions for No 2 wheat No 2 shelled corn No 2 oats and No 1 soybeans Trend showed higher wheat but unchanged corn oats while soybeans jumped, with figures across Northeast Northwest Central Ohio and a note on publication lineage and pricing terms.
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Mediator Sets Thursday Talk in Lorain Phone Strike
A federal mediator scheduled a Thursday meeting between Lorain Telephone Co representatives and a striking union to push toward ending the month-long walkout. The Communication Workers of America Local 4370, with 230 members, walked off Aug 8 after a tentative deal. Previous talks on Aug 25 were futile. wage differences for some job classifications remain the main sticking point. Supervisory staff keep witchboards and emergency repairs running.
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