European Stars and Stripes (Newspaper) - August 15, 1978, Darmstadt, Hesse Tuesday August 15, 1978 the stars and stripes Page Carter would sign tax Bill with fair1 capital gains Cut Frk or. Shows his Book pensive looking Robert f. Kennedy jr., displays his Book in new York a i to Fnophy of Alabama judge Frank m. Beer Cracy at its worst Johnson jr., the Man president Carter wanted to Bead the Federal Bureau of investigation. Dpi photo Washington up president car Ter said sunday that he would sign a tax Cut Bill with a fair and efficient capital gains tax reduction. If in the evolution of the lax package the Congress reduces capital gains in some fashion that i consider to be both fair and efficient in the formation of additional Cap ital for investment and therefore More jobs then i would certainly consider sign ing it the president said in an interview with . News and world report. But i la have to Reserve the judgment until i have the Bill on my desk before i de cide whether it s in the Best interests of our country or not he continued. Some in Congress primarily the Republican ele ments want to Reward the the House handed Carter a major defeat when it passed a tax Cut of $16.2 billion less than the $18.1 billion the president re Quested. The House also voted to reduce capital gains taxes a tax on the profits from the Sale of Stock or. Property investments which Carter opposed. The Bill also would direct most of the tax Cut to Middle and upper income families Carter wanted it to go to the poor. It Horne brew no May be legalized by Pye cd up Federal by Emo crafts Are asking Congress to legalize fee nem brewing of Beer so they can make tone Brewers fill out Federal forms the by Muc rats will get to Check file Index and ornately throw away. Sen. Alan Cranston d-Calif., Calls the Beer Cracy at its worst and the motive apparently is to provide work for clerks at the Bureau of alcohol tobacco and firearms at. Cranston says Congress is about to repeal the Law requiring people who make wine at Home Register with at. Aides to Cranston say at supported that move reluctantly and Only on Condi Tion that if they lost the Power to require forms on wine they could require new forms for Beer. If. Fire under control town is out of danger jaz Deho Calif. A the tiny for "j11 Cazadero was officially out of or sunday when officials announced the wildfire which had consumed we than acres and destroyed Doz we nes was 85 percent contained. A residents were still on Alert and a jew mid for the California division of wry said total containment probably Jurt come until monday. Only problems Are the Northwest est parts of the fire said fir officer Greg Scott in nearby gets . Grant act store mining areas jew Angton a the Interior de to is making a $1.9 million Grant to r Lor environmental restoration of Ivy. The Grant is the largest thus we department for mining rec Lama ref Gnu under a iot7 Law. By will enable Kentucky to Hireen inspectors equip them with Jaggy rive vehicles and increase i shortly before noon sunday Cazadero which at one Point was less than a mile from the raging fire was declared out of harm s fire was reportedly touched off wednesday by a spark from a Power Mower. By saturday night it had consumed 74 million Board feet of Oak and Pine Worth More than $13 million. About 55 structures Many of them Homes were destroyed. Uncounted numbers of Small animals and some horses than 1,600 firefighters worked to get a line around the fire. They were heartened sunday by a drop in the temperature overnight to 65 degrees. Nine men we retreated for minor injuries including one scorpion Cazadero fire was us worst in an outbreak of blazes that occurred during a three week heat wave in which tempera Tures of 100 degrees and higher were com Forest Ranger Wilmer Black said the we ignore fire that consumed about 7, 200 acres to Miles East of Redding in Shasta county and the 1,700-acre Cap fire Nea Downieville have both been contained. On Friday night a 1,000-acre fire near the geysers the nation s largest Thermal Power installation was contained. Cranston said that to create the new registration requirement at wants con Gress first to legalize Home brewing which is now a Federal crime with penalties of $5. 000 in fines and 5 years imprisonment. Cranston said he Hopes to kill this White Collar Leaf raking on the Senate floor with an amendment to the Bill that will relieve wine makers of the need to Register Withaft. A spokesman for at who asked that his name not be used because i Don t want to get in a dispute with senator the reason at wants to Register Home Brewers is that the Mash left Over after Beer is made could be used to make hard liquor. The spokesman said be doubted Man people would comply with the proposed Home brew registration anyhow. Cranston said 20,000 people Are no filing the wine registration forms. He said clerks Are hired to read the forms to make sure All the Little boxes Are properly checked. Then the form is stamped and a copy mailed to the Home wine maker. The other two copies Are filed somewhere in a Branch office presumably kept for a while the thrown Cranston said this was All at Cost to the taxpayer and needless annoyance to it Cranston has his Way and since he is the Senate s second ranking member and this is scarcely a burning Issue he probably will Congress will legalize Home production of 200 Gallons of Beer a year. That s about a six pack a Day. Greece gets Corn credit Washington a a $3j million line of credit has been established to sales of . Corn to Greece under l a commodity credit corporation. The credit line represents approximately 31,000 metric tons of Corn at current Market prices. Credit terms provide for three year financing. Would lower business taxes by $4 billion through lower corporate rates increases in exemptions and a More generous invest ment credit. Carter s top aide for Domestic policy Stuart Eizenstat. Said on abcs issues and answers that the White House plans to work with the Senate finance commit tee and then with House and Senate conferees to modify the measure. Might hit $20 billion Senate democratic Leader Robert Byr said on abcs meet the press that he believes the Bill would emerge from con Gress with a tax Cut of about $15 billion to $16 billion and possibly As High As $20 Bil lion. Byrd said he hoped it would be directed More to lower income persons but emphasized the need for tax Relief for Middle in come americans. I would Hope that whatever finally emerges is in the direction of that Middle class group Byrd said. Because if we Don t give the Middle class group some cuts pretty soon they re going to be Eizenstat said one Quarter of the tax Breaks in the House Bill would go to the nation s wealthiest people. He said the Mea sure almost would eliminate the minimum tax. Chamber disagrees the . Chamber of Commerce Dis agreed saying the benefits of such Job creating investment go to Low and Middle income families whose members actually fill the newly created Eizenstat indicated Carter could go along with the House s one in a lifetime tax exemption on profits up to $100,000 for people who sell their Homes. Carter will not Issue veto threats against the House passed Bill at this time Eizenstat said because the Senate traditionally substantially changes the Bill. We Are now going to work through the Senate and the ultimate House Senate con Ference to make sure we have a Bill close to the original principles of fair us cuts Carter originally proposed said Eizenstat. Those principles included tax cuts for Middle and lower income families Home owners and Small businesses and effective use of tax Money to stimulate capital the Sands of time aug. 14, ims tace us. A u Bart place medal lathe olympic game Sam. Nearly my athlete Fawn $1 met put dated to Ike eve Romla Ehm my u compete mad Hennuy were it invited. Aug. A 1hi Jadaa declare a mercy Meetta of Ike general a Embry oat us a m they agree to Vii. Murbury fared Hete stationed Monu Tjada territory. Aug. A 1k1 vice Prim Rita Humphrey idea Tai u a grow legs Ste Deit. Aenied Tecc Natiw t Yam people Lead fing u escapism a their concentration on the Vietnam War
