Nixon announces faster depreciation to aid business
President Nixon unveiled rules to speed writeoffs for machinery and production facilities, shortening depreciation periods by up to 20 percent and concentrating more in the first year. Treasury estimates project revenue losses of up to 2.7 billion dollars next year, with a broader impact on federal revenue sharing with states.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Congress
San Clemente
Calif
Treasury Department
Witturd
Mills
D-Ark
House
Ways and Means
Searcy
Ark
Trn
Tereattor
Treasury
Edwin
Cohen
Creaghy
Fulk
Paul W. McCracken
President's Council of Economic Advisers
Gonly
David M. Kennedy
Jong Neen
McCracken
Inil Tion
Rep
Nixon Urged To Seek New Taxes For Environment
Washington AP report notes President Nixon faces proposals from his Council on Environmental Quality. A sulfur tax on fuels is under consideration, alongside tighter pesticide controls and permits for toxic materials. The plan aims to win White House approval within a broader administration message on the environment. The timing and likelihood remain unclear amid political scrutiny.
MENTIONED IN THIS ARTICLE
Wasitington
Dot Nixon
White House
Coa
Nixon
al Trust
Pinental Research
Environmental Protection Agency
Draft Lottery No 195 Looms As Tops In 1971
Washington AP reports Selective Service Director Curtis W Tarr forecasts lottery number 195 may define the 1971 draft, with a 4971 pool smaller than 1970 but higher numbers needed for manpower. Tarr cites calls for a uniform national lottery and notes colleges challenge for draft card data while commenting on Nixon era tax and environmental policy proposals.
MENTIONED IN THIS ARTICLE
Washington
Selective Service
Curtis W. Tarr
Tarr
Tare
Bit
Melvin J. Laird
Moderate Senator Faces Challenge For GOP Post
Washington report says Sen Johan Anderson faces a conservative bid led by Rep Samuel Devine to force his ouster as House GOP leader. Devine cites Anderson's civil rights stance and Nixon support as criticisms, while Anderson touts a 62 percent overall party alignment and backs welfare reform and revenue sharing. He remains confident in winning the leadership vote.
MENTIONED IN THIS ARTICLE
Margaret Scherff
Washington
APY
Johan
Anderson
Witte House
House
Republican Caucus
Thine
Talking House
GOP
Sanuel L. Devine
Vist
Tal
Regic
Devine
Nixon
Congressional Quarterly
U S Soviet Harassment Dispute Widens Across Cities
The Associated Press reports a Moscow protest over harassment of Soviet diplomats in New York as President Nixon and Jewish leaders condemn the anti Soviet campaign by Jewish extremists. The JDL plans further actions while U S authorities discuss possible steps to protect Soviet property and personnel.
MENTIONED IN THIS ARTICLE
Associated Press
Muscovy
Kremlin
Nixon
Johnn. Lindsay
New York City
USU
Moscow
United States
Jewish Defense League
Meir Kahane
JDL
United Nations
Momlay
Lums
IDL
Nikolai N. Loginov
Merbers
S.A
Hel
Thomp
R. Buchanan
Soviet Foreign Ministry
Pan American World Air Ways
Seurcas i
New York
Washington
U.S
California
Ail
San Clemento
State Department
Justice Department
Aken
Senator Russell Suffers Setback in Respiratory Illness
Washington AP reports Senator Richard B. Russell, 73, a long time Georgia Democrat and Senate pro tempore, has suffered a setback from emphysema and a lingering respiratory infection. Doctors are intensifying treatment as illness is deemed serious.
MENTIONED IN THIS ARTICLE
Washington
Richard B. Russell
Walter Heed
Army Medical
Russell
Dean Center Dee
Senate
Georgia
Market Holds Up as Profit Takers Fail to Drag Down
New York stocks mixed but higher as traders resist profit taking. The Dow Jones average climbs about 2.19 points to 839.40 as advances outweigh declines on the NYSE. Analysts say the market’s orderly action reflects a cautious readjustment phase and that tax cut news on business depreciation is not driving a sharp shift.
MENTIONED IN THIS ARTICLE
New York
iNew York Stock Exchange
Lanage
Uzht
Experts Think Sonar Failed Trapped Whales
LOS ANGELES AP two researchers believe they know why 29 pilot whales swam to a small island and beached after last week. They say the whales followed spawning squid into shallow water where several were injured on rocks and left high and dry as the tide ebbed. Navy biologist Bill Evans of San Diego cites sonar failure to detect shallow water. John Prescott of Marineland adds the whales followed the squid toward an escarpment.
MENTIONED IN THIS ARTICLE
Los Angeles
San Clesmente
Navy
Bill Evans
San Diego
John Prescott
Marineland Oveanarium
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Patti
Wniy
Ralph Nader
Thomas TI. Stanton
Samuel A. Simon
the Treasury
Charles Walker
John Nolan
Tion
Hoth
Spray and Tart
GOP Post
Suma Ave
Hagarstown
Mepurastown
Associatedl Press |x
Republi
MD. del
Hay
Penis
W.va
Sen. Russell
Shampoon
Roy
Halfway Salch
Routzahn’'S
Aularia
DunWaknrs
Faraire
Kx. Thompson
Cee
Wlash Shop
Hagerstown, Md
Telos Discount City
Famie Eronye
Arte Gras
Roe
Babe
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