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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Oct 23, 1975
Page
4
The Winchester Evening Star issue from Thursday October 23 1975 presents a daily local newspaper page with community news, notices, and brief items. Readership would find society notes, local briefs, and regional updates for Winchester and surrounding areas.
The piece argues for a grain for oil deal with Russia, noting the Senate backed a plan for grain and oil remains only tentative. It analyzes a 200000 barrel per day oil target as unlikely, cites a six to eight million ton grain import window, and warns the U S should push harder in negotiations to avoid being the taxpayers' loser. The author questions Russia's grain need and urges stronger bargaining and debt collection.
The House Ways and Means Committee continues work on a long awaited tax reform bill aimed at tightening loopholes and increasing taxes for corporations and upper income individuals. Initial drafts target divends deductions and mortgage interest, with focus on curbing foreign tax advantages and reducing overall tax shelters. A broad reform is hoped to share burdens and avoid harming free enterprise, while a concurrent federal spending cut is proposed to ease the package.
Defense Secretary James R. Schlesinger attacked the House Appropriations Committee led by veteran chair George Mahon over a $7.6 billion cut to the military budget. Mahon defended the reductions as prudent, arguing they would eliminate waste without harming essential defense programs.
Washington columnist argues that a China summit and Brezhnev visit are unlikely due to detente progress and Cold War tensions. It suggests postponement or cancellation risks for Ford and notes rising criticism of Ford Kissinger detente policy as the SALT talks falter.
President Ford warned he would veto a new tax cut bill unless Congress agrees to a 395 billion dollar spending ceiling for next year. He spoke in the Roosevelt Room at the White House amid fatigue from a long campaign schedule and a cough, facing a Democratic Congress.
Ford insists on a $28 billion tax cut paired with a $28 billion restraint on growth in federal spending next year. He warns that without spending control deficits could reach $140 billion over 1976 and 1977, risking inflation. Congress likely opts for a one year extension of the 1975 tax cuts, delaying broader reform.
The Star Forum invites readers to pose questions to candidates. For S. Roger Koontz running for chairman at large, the query asks his view on collective bargaining for public employees and how he would have voted on a recent seven percent salary increase for teachers and other workers.
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