Byrd Evaluates Chances for Revenue Sharing
Senator Byrd and Virginia lawmakers meet with the Virginia Urban 12 to discuss Nixon's revenue sharing plan. Opposition from Rep. Mills is seen as a hurdle to passing any form of the proposal in Congress. Urban 12 backs the concept but awaits Nixon's specific details before full approval.
MENTIONED IN THIS ARTICLE
Washington
Harry F. Byrd Jr
India
Wilbur D. Mills
House
Ways and Means Committee
Nixon
Congress
Byrd
Virginia
Virginia Urban 12
Thomas Bliley Jr
Richmond
Joseph L. Fisher
Arlington County Board of Supervisors
Nixon Proposes Broad 16 Billion Dollar Federal Aid Plan
President Nixon outlines a sweeping budget blueprint including 16.1 billion in revenue sharing to states and localities, block grants for urban development education and transportation, mass transit funding, and extensions to pollution control programs. The plan also calls for welfare reform measures, higher education experiments, and expanded health and crime funding.
MENTIONED IN THIS ARTICLE
Appalachian Regional Commission
Nixon
U.S. Postal Service
Peace Corps
Interior
Cut Your Own Taxes 5 Test Capital Gain Methods
Ray De Crane explains new Tax Reform Act rules on capital gains and losses. It emphasizes avoiding net long term losses, as only 50 percent of long term gains are taxable and long term losses are deductible only up to 1000 dollars. It notes no carry forward for certain losses and urges making gains long term and losses short term.
MENTIONED IN THIS ARTICLE
Ray DE Crane
Blue Cross Blame Falls On Doubtful Management Plans
Senate hearings on hospital costs hear William J. McNearney of the Blue Cross Association fault Virginia Blue Cross for poor management and possible cover ups. Lawmakers urge state supervision of the Virginia plan as memorandums hint at internal concerns. New York marine insurers push American firms to buy U.S. marine insurance to curb dollars flowing abroad.
MENTIONED IN THIS ARTICLE
Blue Cross of
Virginia
William J. McNearney
National Blue Cross Association
McNearney
Senate Antitrust
Philip A. Hart
Blue Cross of Virginia
State Corporation Commission
National Association
Richmond
Hart
Blue Cross Association
New York
U.S
Marine Office
Appleston & Cox Corp
Istem
Also Mentioned on This Page
Supersonic
Environmental Protection Agency
Consumers
Consumer Protection Coordinating Commission
Food and Drug Administration
ONG
Blue Cross
Colony Park Wagons
Loudoun St
al Peete
WWE
Cyprus
Lofyr Foundah
Ran Ruark
Hollingsworth Drive
Winchester
Evans International Homes
Buncutter Tire Co., Inc
Goodyear
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