04 Jan 1977
Page 1
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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jan 04, 1977
Page
1
President elect Carter said he will divest from his successful peanut business to a trusteeship to avoid conflicts of interest. He spoke to reporters outside the Plains headquarters, outlining the proposed ethics code and future arrangements.
The Virginia Senate Finance Committee approved drafting a one year 1 percent sales tax increase to help close a projected 120 million budget gap. The plan could raise about 143 million split between the state and localities as fallback if House actions fail. Gov Godwin faces possible further cuts totaling 122 million for 1976 78. House members consider tapping the highway department reserve of 75 million to relieve the budget squeeze.
President elect faces ethics code as aides detail requirements to divest holdings and pledge to serve full term. He will transfer his interests in Carter Farms Inc and Carter's Warehouse to a special trust and instruct trustees not to inform him of sales. Remaining stock and minority interests raise questions about impact on family.
An archival entry for January 1977 highlights a calendar of SMT W TFS items marked by numbers. The fragment provides no clear events or context to interpret.
The 95th Congress, now Democratic controlled, plans to push a $4 billion public works jobs bill at the start of the new session. Leadership changes include Byrd as majority leader in the Senate and O’Neill as speaker in the House. Carter’s inauguration on January 20 ushers in unified executive and legislative control for the Democrats.
Housing Minister Avraham Ofer, 54, shot himself in his car near Tel Aviv amid embezzlement accusations linked to government real estate dealings. The suicide comes as Israel’s Labor party battles a fresh corruption wave ahead of a five month election, with Rabin facing pressure from opponents.
President Ford proposed a $10 billion personal income tax cut with corporate reductions and higher personal Social Security taxes. The plan mirrors last year’s proposal, adds $2.5 billion corporate relief, and raises Social Security taxes by $5.1 billion over two years, offset by spending cuts later. The proposal targets middle income and would raise the exemption to $1,000, with the Social Security hike reaching 6.6 percent by 1980, affecting a family of four at $15,000 income.
Shamokin police say state fire marshal suspects smoking in bed started the New Year motel blaze that killed nine people. Victims include Ted Miller 38 of Winchester and William Hartung 31 and Judy Hartung 30 of Stephens City. Miller saved his wife Brenda before perishing. she survives with a fractured spine and leg. The Hartungs and Millers were in Shamokin for New Year festivities.
Staffer Susan Burke reported from the National Zoo collector. Fires plagued area facilities with a Center in Front Royal roof collapse and a garbage O'Sullivan Corp. plant suffering heavy damage as flames spread yesterday.
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