Tax Cut Could Be Delayed
President Carter’s plan for a major tax cut bill next year may be delayed due to the stroke of assistant treasury secretary Laurence Woodworth. The 59 year old tax expert, a key architect of recent tax legislation and a top adviser to Carter, remains in critical condition in Newport News Virginia. Senate and House conferees paused to pray as Woodworth’s illness stirs concern over timing of energy and Social Security tax measures and the long delayed tax revision proposal.
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Laurence Woodworth
Newport News
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Russell B. Long
D-La
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Congressional Joint Committee On Taxation
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Joe Waggonner Jr
Ways and Means
Alexandria Dems expel treasurer over ERA stance
Alexandria City Democratic Committee voted 42 to 4 to expel Marianne W. Fowler, former state VER A coordinator, for aiding groups backing the Equal Rights Amendment and opposing Del. James Thomson. Fowler defended her actions as consistent with party policy and urged internal reform.
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Alexandria
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Era
Virginia General Assembly
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Jim Thomson
Aid for Troubled Steel Industry Faces White House Review
A presidential task force led by Treasury Undersecretary Anthony Solomon proposes measures to lift steel industry earnings by 900 million dollars and curb cheap foreign steel. Recommendations include reference prices, loan guarantees, faster tax writeoffs, depreciation cut to 15 years, and 20 million in aid for affected communities to modernize mills amid plant closures and thousands of layoffs.
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Treasury
Anthony Solomon
Carter
U.S
Pennsylvania
United States
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