Capital gains break for homeowners gains House support
The House Ways and Means Committee approves a capital gains exemption of up to 100000 on home sales to ease tax burdens amid rising California property values. The move, part of a 16.2 billion dollar package, aims to aid middle and upper middle income homeowners while challenging President Carter's proposals.
MENTIONED IN THIS ARTICLE
Carter
House
Ways and Means Committee
Congress
California
Whatever Happened to Randolph Scott Revisited in Retirement
The article notes Randolph Scott, once a western film star in over 100 movies, remains financially secure with an estimated fortune of 50 to 100 million dollars at age 80. He now manages his wealth and life away from acting, contrasting the fading fame some expect with the enduring success of his post cinema years.
MENTIONED IN THIS ARTICLE
Statler Brothers
Randolph Scott
Douglas MacaArthur
Truman
Be not impressed by phony tax cuts
Richard Lesher of the U S Chamber of Commerce argues inflation acts as an automatic tax of about 35 billion dollars annually, lifting families into higher tax brackets despite any claimed tax cuts. He warns that some politicians oppose slowing tax growth to preserve voter funding.
MENTIONED IN THIS ARTICLE
Richard Lesher
U.S. Chamber of Commerce
Washington
Congress
Pavent
Congressional Record
Jesse Helms
North Carolina
Tax Expenditures Used to Shield Tax Increases
A letter argues that even large federal tax cuts plus spending limits won't stop inflation without controlling the deficit. It criticizes tax expenditure theories and a Senate plan to bring deductions under sunset laws, claiming it would force tax hikes unless taxpayers prove they should remain tax benefits. The piece likens the tactic to avoiding open votes on higher taxes and ends with a taxidermist joke.
MENTIONED IN THIS ARTICLE
California
Jack Kemp
Sen
William Roth
Washington
Kemp-Roth
Congress
Carter
House
Senate
John Glenn
Ohio
Gun control push sparks debate over safety claims
A clash among officials and industry over a Justice Department guns safety report. The attorney general urges Congress for limits while the FBI and ATF head condemn the analysis as outrageous and irresponsible. Experts warn about factors like pointblank firing and crossfire.
MENTIONED IN THIS ARTICLE
National Rifle Association
FBI
Treasury
Bureau of Alcohol, Tobacco and Firearms
Inflation And Government Policy In Hazardous Balance
The piece cites Henry Hazlitt arguing inflation stems from money creation tied to unbalanced budgets and excessive government spending. It contends such policies redistribute wealth, erode incentives, and mislabel price rises as inflation, urging fiscal restraint.
MENTIONED IN THIS ARTICLE
Henry Hazlitt
the Freeman
Medina County Fair 133rd Draws Big Blood Drive
The Medina County Fair Board thanks volunteers and groups for a successful 133rd Fair highlighted by a 508 pint blood collection. Elmer Benjamin extends appreciation on behalf of the board.
MENTIONED IN THIS ARTICLE
Medina County Fair Board
Elmer Benjamin
Also Mentioned on This Page
the Gazette
Thur
Randolph
Scott
UPI
U.S
Dick West
Justice Department
American Society of Newspaper Editors
Jim Collins
Texas
Speaker
America
Roy Bass
Lubbock
HUD
HEW
EPA
OSHA
Medina County Gazette
W. Liberty St
Medina
Arthur D. Hudnutt
Stuart A. Borden
David McCoy
Brunswick
Akron
Wadsworth
Medina County Publications, Inc
W. Liberty Sr
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