House Votes Tax Break For Solar Energy And Electric Cars
The House approved tax credits for buyers of electric cars and for homes heated or cooled with solar energy as part of a scaled down energy bill. The panel then moved to other provisions as an alternative to Ford's oil import tariffs plan. Lawmakers adjourned before final passage and anticipated resumption Monday amid uncertainty.
MENTIONED IN THIS ARTICLE
Washington
UPI
House
Ways and Means Committee
Ford
Ways and Ve Committee
Bill Frenzel
R-Minn
Congress
Thomas P. O'Neill Jr
Ron Nessen
Sam Gibbons
D-Fla
Goodjies
Mike McCormack
D-Wash
Simon says 50 percent oil import by 1980 warning
Treasury Secretary William E. Simon told an international conference that the United States may have to import 50 percent of its oil by 1980 due to congressional hawdling and delay. He warned against monopolistic practices by oil exporting nations and urged strong leadership from President Ford. He also praised Ford's energy stance amid talks with lawmakers.
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Amsterdam
UPI
Treasury
William E. Simon
Congress
United States
Simon
Ford
America
U.S
U S ready for production surge per two month stock draw
A government report shows a record two month clearance of unsold goods boosting production prospects. Commerce Department data indicate April inventory declines and a 2.1 percent rise in sales as business activity and consumer spending recover. President Ford backs electric utility construction to cut oil dependence and create long term jobs.
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Washington
U.S
Commerce Department
Mellon Bank of Pittsburgh
Ford
U.S. automakers report strong June early sales gain
UPI reports four major U.S. automakers show a 9 percent rise in early June sales over May, with Chrysler and AMC up about 6 percent from a year earlier. GM nearly matched last June, Ford fell 25 percent, and total 157,573 cars sold mark a mixed but improving spring upturn though still below 1974 energy crisis levels by 18 percent and well under 1973 records.
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Detroit
UPI
U.S
Chrysler
American Motors
General Motors
Ford Motor Co
Expec
Ted
AMC
Ford signs $15 billion spending bill to aid veterans
President Ford signed a supplemental $15 billion spending bill to fund education benefits for about half a million veterans, boost Social Security payments, and support unemployment and food stamp programs. The act also closes a loophole that let teachers claim summer unemployment benefits, prohibiting such payments to teachers.
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Ford
Washington
UPI
White House
Hathaway takes oath as interior secretary in energy push
Former Wyoming governor Stanley K. Hathaway was sworn in as interior secretary after a 60-36 Senate confirmation. He urged developing energy resources with care to protect air and water quality, saying natural resources must be consumed with care but conservation alone cannot ensure energy security.
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Washington
UPI
Wyoming
Stanley K. Hathaway
Interior
Senate
Hathaway
Ford
Interior Department
Middletown Newburgh Weekend Weather Forecast
Weather outlook for Middletown and Newburgh shows sunny to partly cloudy days with highs in the upper 70s to low 80s and overnight lows in the upper 50s to 60s. Chance of afternoon or evening thunderstorms today and Sunday, with gusts over 35 mph possible near storms.
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Stanley Hathaway
Secretary of Interior
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New York-New Jersey
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Gerald M. Hansler
EPA
Federal Plaza
New York
N.Y
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Denver
Dallas