g--The Daily Collegian Wednesday. October 9. 1974 , did the AFL-CIO and corn- Ho usiang mittee liberals. Rep. Herman ; T. Schneebeli, R-Pa., ranking committee Republican, said following the 15-6 vote that President Ford would have no similar recommendation in his inflation-fighting plan. A Treasury Department spokesman said the bill would reduce federal tax revenues by more than $l.B billion a year while increasing available mortgage money only $3.5 billion on a one-time basis, and "we don't think that is good economics." But Rep. Donald Brotzman, R-Colo., who sponsored . the bill, said it actually would raise treasury revenue by increasing activity and employment in the housing industry. The bill would exempt from taxation the first $5OO $l,OOO on a joint return of interest earned on savings accounts in savings and loan institutions, commercial banks, credit unions and mutual savings bank& bill clears despite debate WASHINGTON (UPI) Seeking tfto bolster the ailing housing ,industry, the House Ways and Means Committee cleared yesterday legislation to exempt the first $5OO of savings account interest from taxation. The action sparked heated debate about whether it would primarily help well-to-do individuals, and whether it actually would accomplish its stated purpose of helping the home-building housing in dustry. The Treasury Department ,trongly opposed the hill, as WORSHIP TONIGHT Liturgy of Reconciliation with Modern Dance Interpretation of Bernstein's Mass • 10:00 p.m. (Grace Lutheran Church (corner Beaver & Garner) spoilsored by Lutheran Student Parish A ' similar proposal was I *ll I II 1 1 *% r i / i , • , li' 1(4) 1 I I , ,t h i MI . earlier defeated by the committee, but the com mittee reversed itself after chairman Wilbur Mills swung his support to it Approval came during a sometimes boisterous committee session which saw the committee approve the bill, vote to reconsider it and then - reverse its vote to reconsider. Some members of the committee privately called the legislation the "re elect Brotzman and suggested it would never come up for House debate. The AFL-CIO said in a - statement released shortly after the vote that the bill would be mainly a break for high-income families with large savings and high tax brackets. "Not only will lit (the bill) riot ensure any more funds for mortgage loans, but it will drive up interest rates and cost the federal treasury up to $2 billion in lost revenue, most of it going to the wealthy in the form of a new tax shelter," the AFL-CIO said. flop _ Fcibono goo/ ve , -dia the Co~oradd mom iti/f4, necAry weft mozzatrya7 inotrflocri shoe Administration reform efforts lauded Shapp attacks panel's motives HARRISBURG (AP) Gov. Shapp completed a three-day stand before a House investigative committee yesterday with praise for his ad ministration's efforts at reform and another attack on the panel's motives. "I have spent three days here reviewing everything they had," Shapp told reporters after the hearing. "It's another example of the openness that has been brought to government in Penn sylvania over the past four years ... "I don't think there's any question that these hearings have been the main thrust of the Republican campaign in 1974." Republican committee aides handled' Shapp's interrogation the first two days, asking him to explain his firing of a state cabinet member, his political financing in 1970, and his view of alleged political kickbacks in county highway offices. • On Tuesday, the questioning came mostly from Democrats, who allowed Shapp to use the proceedings for a recital of his attempts at government and political reform in the past four years. Shapp cited WI actions in 1971 to require financial disclosures from top state officials and to curtail the forcing of political contributions from state em ployes. He praised his system for "merit selection" of judges based on recommendations of lawyers and pointed to creation this year of a Board of thics to consider conflict of interest questions faced by government employes. "This administration is not just by words but by action moving to correct the abuses of the past," Heath ignored as campaign nears end LONDON (UM' Britain Heath said at his daily campaign yesterday entered the final 48 hours news conference that if he wins he of the campaign for tomorrow's will summon. other party leaders election with Conservative Edward Saturday to "start the process of Heath urging a "government of hammering out a common policy" for national unity" and both other major ' Britain's economic troubles party leaders giving him the brushoff. 1 01 i ......., 0 0 - io _- - - ~, I FI) I /,* women rezterpThof, Diudik72 at 5o waxed, 't fact ill Leather, t,orm lett, overbppiivi torlatie, b • • Shapp said Republican committee members c briefly questioned Shapp about his sale of a Williamsport cable television company in 1971 and his views on several controversial leases for Harrisburg office space. The cable television company was sold by Shapp at a profit of about $2 million, after he and his partners had won a 25-year franchise from the Williamsport City ° Council. Two council members later received state jobs. - Shapp testified that the franchise was unim portant, and that the state jobs had nothing to do with the council's action. "There is absolutely no truth . .to charges that anyone at any time was granted any favors by the state in return for a vote," Shapp said. He said the cable company was sold for 'somewhat less than it might have been worth, becauie he was anxious to avoid any conflicts of interest as governor. Rep, James Ustynoski, R-Luzerne, brought up the leases issue. He said the state could have purchased the two Harrisburg office buildings and 'done the necessary renovations for about $5.8 million. The state's 10-year leases call for $8.3 million in rent. Shapp agreed that the buildings probably should have been purchased instead of leased. But he noted that his administration's efforts to buy_ another Harrisburg building had been stymied by House Republicans. The House committee, controlled by Republicans, was established last year to investigate state contract practices. But Prime Minister Harold Wilson, Copstraction e.,Gt,tweS Erldirde a stOrni welt, IdDvarn sale, Sewed, in tongue.... ri ! IP,„„---5''' ,_ l tteea - e stile I:l 9 ddifillder ift 137 &aver OXlki foto 5:30 y riat rril utt alturday 610 tO 9 froivq, wedriegdfly, fritay esTninis Chief of the goyerning Labor party, dismissed Heath's pledge as "a gim mick a tactic to get votes." Liberal party chief Jeremy Thorpe said, "I consider a coalition govern ment is unlikely in the extreme . " He said he doubted his third- Concert canceled Saturday night's Homecoming '74 concert has been can celed. I The cost of tickets will be refunded Friday and Monday at the HUB desk. East Halls social chairman Al Vicere said Forest Green, one of the three scheduled groups, canceled yesterday. Vicere said Sunday Drive, a local group scheduled tor, the ',concert, would 'be asked to cancel. Vicere said Gravel, the third group, would still peflorm 8 p.m. Saturday, probably in the HUB ballroom. Tickets will be sold at the door. THE COLLEGE OF HUMAN DEVELOPMENT PRESENTS ALUMNI , THE RECOGNITION SECOND WEEKEND ANNUAL Program Theme "Convergence of Administration of Justice and Human Services" Thursday, October 10 8:00 p.m. Convocation S-209 Master of Ceremonies Donald H. Ford, Dean College of Human Dev. Speaker: Joseph Killen, Community Corrections Task Force, for State of • Maryland "Maryland Development and Client Expectations" ' Award Presentation c 9:15 p.m: Social Hour Living Friday, October 11 Center 9:00 a.m. Student-Faculty Coffee Hour Living Center 9:30 a.m. The Classroom S-207 The Community Dialogue Thom is McKemey ,1:30 p.m. "Human Services-- Living How We Found It" Center ' 3 Panel Discussion Moderator— Thomas McKemey Student Participants Kay Lynn Schneider. Sio. Health Health Delivery Service Potomac Community Hospital William Stranch, Com. Dew. National Center for Voluntary Action F.lva Malone, S.P.S. Pennsylvania Juvenile Justice Program Kathy Krinks, MER RCA Keystone Job Corporation for Women 3:00 p.m. Socializing Tdgether Living Center. Saturday, October 12 8:15 p.m. Alumni Coffee Hour Living Center 8:45 a.m. College of Human Maple - Development Alumni Board Room - 7 • $1:00- Meeting 10:00 a.m. Tours of the Human Development Bldg. Meet in Foyer of Living Center Student Advisers of College of Human Development Everyone Welcome Democrats have maintained persistently that its real purpose is to provide issues for the Republican gubernatorial candidate, Drew Lewis. Shapp asked to testify after Republicans began alleging that the DerAocratic party was benefitting from political contributions by contractors and other persons doing business with or regulated by the state. In pri.vious testimony, he acknowledged that such persons were traditional sources of political fund ing, but for Republicans as well as Democrats., Shapp said he knew of no instances where a person's decision to contribute or not contribute influenced the awarding of state contracts. The committee chairman, Rep. Patrick Gleason, R-Cambria, said the panel will continue its in vestigation of a post-election fund raising drive to reduce the debts of Shapp's 1970 campaign. James Craig, an accountant involved in the fund raising effort, is scheduled to testify Friday, Gleason said. After that, the committee will resume its look into county highway operations, beginning in Greene County, Gleason said. He left the door open to recalling Shapp if future developments warrant. But Shapp said he doesn't plan to appear again. "I've answered every question they had," he said. "I am not going to get caught in the same trap Republicans caught me in in 1966." A Republican law suit challenging Shapp's primary election spending, later dismissed, tied him up in court for six weeks during his 1966 campaign, Shapp said. ranking party would join either the Conservatives or Labor in a coalition. He said the Liberals probably would remain techically in opposition, but Would hold talks with whoever heads Britians's next government to see whether agreement is possible on a generally acceptable program.
Significant historical Pennsylvania newspapers