Ford Proposes Tax Cuts Favor Low and Middle Earners
President Ford's tax plan would cut rates for low and middle incomes to offset higher energy costs, with a $250 energy rise for a typical four person family and $80 minimum gains for the lowest earners. A $2 billion negative income tax aid would reach about 25 million adults. the 1975 program aims to remove about five million more from taxation.
MENTIONED IN THIS ARTICLE
Ford
Frank Zarb
Zarb
Treasury Department
State of the Union
Proposed Schedules Released
The Treasury released tax schedules showing potential rate decreases sought by President Ford that would apply if Congress approves. Schedules compare current tax, proposed new tax, and taxable income levels with notes on unchanged rates above certain income thresholds amid a Chicago obituary for Capt. John J. Manley, longtime port director.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Congress
Ford
John J. Manley
Chicago
International Association of Great Lakes Ports
Li Fu Chun dies a Chinese top economic adviser
Li Fu-Chun aged 73 a vice premier and top economic adviser to Premier Chou En-lai has died Kyodo reports. He was a Central Committee member and among the Politburo’s highest ranking officials and headed the state planning commission until 1972.
MENTIONED IN THIS ARTICLE
Li Fu-Chun
Tokyo
China
Chou En-lai
Kyodo
Chinese Communist Party
State Planning Commission
Thousands Observe MLK Birthday Across Nation
Observers from the East Coast to Hawaii and the Deep South marked Martin Luther King Jr. day with parades services and ceremonies. In Montgomery about 3000 people attended at Dexter Avenue Baptist Church as officials declared the city’s Martin Luther King Day. Coretta Scott King broke ground on the 10 million MLK Center for Social Change in Atlanta. King's birthplace home near Ebenezer Church opened to the public. Dexter King age 13 spoke at the ecumenical service recounting his father’s nonviolent protests and teaching.
MENTIONED IN THIS ARTICLE
Samuel Maul
Associated Press
Hawaii
Deep South
Martin Luther King Jr
Montgomery
Ala
King
Dexter Avenue
Atlanta
Coretta Scott King
Dexter King
Dexter
Also Mentioned on This Page
Allen Carter
Royal Cail
Linda Summerlin
Winchester Evening Star
Martin Luther King
Ebenezer Baptist Church
Martin Luther King Sr
Burton's
Reg
Woomcil
Burtonsu’s
Coats & Jackets
Pink
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