Personal rates major holdup for tax reform
Washington reports the House Ways and Means Committee faces tough talks as it rewrites Reagan's 46 page tax plan. Key point is cutting the top rate from 50 to 35 percent, with debate over brackets and middle class relief. Democrats urge moderation for the wealthy and maintaining home mortgage deductions while aiming for overall revenue parity. The panel opens closed-door sessions to shape a reform bill likely to pass only with broad support.
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Washington
House
Ways and Means
Reagan
Fford
Congress
Dan Rostenkowsky
Dill
Committee
Rostenkowski
US boosts nuclear force alert in Turkey says analyst
U S forces in Turkey moved toward stand by alert status for land based missiles and B 52 bombers. The change over two years is described by William M Arkin of the Institute for Policy Studies in a publication citing a 1983 US Air Forces Europe bulletin. Turkey as NATO ally seen as willing partner to raise pressure on the Soviet Union.
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Washington
United States
Turkey
William M Arkin
Institute For Policy Studies
The
Atomme Scientists
US Air Forces
Europe
Arkin
Wyoming governor files for bankruptcy
Cheyenne Wyoming AP Gov Ed Herschler filed for bankruptcy seeking protection while arranging a repayment plan for over 9 million in debts. The petition in US Bankruptcy Court lists debts at 94 million and assets at 752 million with 13 creditors including his three partners in a failed cattle ranch sold for 19 million during a bank foreclosure gale in April.
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Cheyenne
Wyo
Ed Herschler
Herschler
Alvin Wiederspohn
Reagan warns of farm bill veto over market focus
President Reagan warned Congress on his Camp David radio address he would veto any farm bill that repeats past mistakes, urging policies that help farmers by boosting market reliance and limiting budget impact. He pressed for quicker moves toward freer markets and opposed 300 protectionist bills pending action.
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Washington
Reagan
Congress
Camp David
America
United States
John D Rockefeller IV
West Virginia
Merle Haggard Farm Aid train derailed by money woes
The planned 39 stop whistle stop train tour from California to Illinois for Farm Aid was halted after Amtrak required 606000 dollars upfront and a Philip Morris pledge was cut. Organizers said efforts to secure guaranteed funds failed Friday, despite strong public interest. Haggard appealed to Americans to solve problems at home.
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Bakersfield Calif
Merle
University of Tinons
Champaign
Michael Martin Murphey
Haggard Willie Nelson
Earl Thomas Conley
Jame Fricke
John Schneider
Lacy J Dalton
Arlo Guthrie
Catherine Bach
Amtrak
An&pm
Haggard
Rod Hunter
Luckenbach Productions
Hunter
Philip Morris Company
Farmand
Philip Morris
Richmond Vay
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