European Stars And Stripes (Newspaper) - February 5, 1978, Darmstadt, Hesse                                February the stars and stripes Page 7 inheritance tax change is delayed fun that Law which the Washington Apt americans who Nihau property and those who work 5s Stantton gain from lax legislation by the Senate finance commell citizens with jobs in foreign coun would gel an extra year of tax Bene fun for an old in if the action taken by on Friday approved by persons who sell inherited property thousands of dollars in unexpected lax those proposals were contained in a grab bag of otherwise technical Amend ments aimed at clarifying some provisions of the massive lax revision Law enacted in an estimated persons with for eign jobs could Lake advantage until inc end of this year of the pre1976 Taw which generally allows earned abroad each year to escape income after thai the exemption would expire and a worker would be Al Lowed specific deductions to account fur differences in the Cost of housing and education Between the United Stales and the foreign the proposed delay affecting inherited property is More Complex and consider ably More it is opposed by the Carter administration and by Al chairman of the House ways and Means in passing the 1976 tax Reform Congress attached a chapter thai made far reaching changes in the taxation of property bequeathed at blamed in poll for inflation labor get Low Marks my Lima Falln Ujwal hts do Albut Chiard new York up americans blame my Emmen and labor for inflation and import Strong measures to curb the apr according to a nationwide Anvey released by news 4 world some 61 percent of the respondents in largest Public opinion poll Ever con Ted in the United slates hold gov an men responsible for sixty Nerceal believe labor is the primary thirty two percent place the onus for inflation on the general while 33 per cent think it is almost or percent of the nearly households believe controlling inflation is necessary even if 11 Means higher to achieve a balanced Federal percent Are will ing to pay higher taxes or receive lower government americans have Little Confidence in gov with the exception of the supreme the poll asked to rate 25 institutions for their ability to get things the respondents placed the White the Federal slate and local governments and politicians in the Bottom science and technology received uie highest score for its ability to followed by broadcast the medical Chicago news is expected to fold on March 4 Chicago api the Chicago daily news will probably cease publication on March unless its financial problems Are publisher Marshall Field said he told employees a decision has not been made to close the paper but thai 1  get huge Hopes for its Humours had circulated for two Days thai the imy Earold newspaper was about to cease publication because of dwindling advertising revenues and demise of the daily news would reduce Towo the number of daily metropolitan newspapers in what has been one of us tiled Stales most competitive announcement of the daily news prob follows by three years the it demise of Chicago formerly Chicago american and the daily news afternoon Dallas Bank chairman freed after Ransom paid Dallas api the chairman of the wart of a Dallas Bank was kidnapped and unharmed three hours later after officiate paid a the Fri was released after g held at a Motel by two men after an we tuned amount of Money was paid a Telephone Call by the Kidnap to Evans Bank president Gene the Fri print news and the supreme in terms of dependability and science and technology remained in first followed by the supreme organized the medical profession and Small labor and the Legal profession scored very Low on Interi seventeen percent gave the while House a Good rating on up from ii percent in news world reports 1978 Only one out of four americans believes in should be made easier for unions to Orga Nize less Bhaji one out of three thinks a new employee should be required to join a company business received mixed business won the highest rating for developing new followed by provid ing products and services that meet Peoples business also rolled up pluses for paying Good improving the Standard of and hiring Minori but business has some very serious the study Only 7 percent said business deserves a Good rating on honesty in business also received poor scares for con serving natural controlling pol dealing with providing value for the Money and interest in the Cus business still Hast convinced the Public that la cares about the the environment or said Wil Liam director of the the Public still is highly sceptical of the claims business makes for its the Section of that Law which the finance committee now wants to delay until 1980 was written in an Effort to prevent huge increases in the value of properly from completely escaping capital gains the carryover basis provision works like Elliis suppose Hal in 1940 a Mother bought Stock Worth she i willed Hal Slock Ihen Worth 10 a the son sold Hal Stock in 1975 for under inc old Law which would remain in Effort under the Senate action the Don would have to pay a Capi Tal gains tax on Only the increase in value of the Slock Between when he inherited and sold but the 1976 Law requires the son to pay tax on the full increase in value from the Lime the Stock was purchased by the Mother until the time in was assuming the son is in a lax bracket that would mean a 20 percent tax on capital the old Law would result in a tax of the new Law would mean a lax of Harry said Law account lands and  have found the 1976 provision impossible to the biggest he is determining the value of property at the Lime it was acquired by the person making a the Carter administration endorsed a Bill by William thai Al templs to simplify and clarify the 1976 the finance committee rejected thai approach and then voted 152 for Byrds Bill that delays implementation of the Section until tank of the future on View today army the 5mwi which tas Price to Cross country Speed if new Lluy of Carrut Liun veiled in the tire control system features Ibe Lostro but capable of adapting to a Imra the army has announced ii has selected the Ufen German gun for Tea advanced cml designed Cor uie Battle Field of the Inui Umi became ii thawed better Penet Rauni cml debut marred by Frozen gear api the army Al new tank in 19 years made Public and got temporarily stuck was going through sunny spot for better lighting the Driver backed when Fie tried logo Forward the tank just the setback for he army first tur bin powered Battle Lank lasted about is until army and Chrysler officials freed the Balky gear and drove the Proto Type Back u its airy ser officials blamed the problem on a Roien electronic when in was water froze and impeded a Chrysler spokesman Brill Temby the temperature was in the Low Chrysler plans to Start producing the Lank in May 1979 with deliveries to begin february the army plans eventually to buy