MEDFOHD MAIL TRIBUNE, MEDFOBD. OREGON
ssmen
Farmers To GhalEc Up Sa
WEDNESDAY. OCTOBER 3. 1962 J
vings in Tax Cutlill
New Jobs, Plant
Investment Seen
As Outgrowth
Washington ITU A do-it-yourself
lax cutting kit will
Soon bp delivered to Ameri
ca n corporations, business
proprietors and farmers.
They are expected to use
it to save themselves between
SI billion and $1.3 billion in
income tax payments during
the next nine months. The
savings probably will run at
least as high if not higher in
future years. President Ken
nedy is confident this will
help create new jobs and en
courage investments in new
plant equipment.
Principal Feature
The tax relief was the prin
cipal feature of an administration-backed
lax revision
bill that Congress approved
late Tuesday and sent to the
White House.
The Senate passed the bill
by a 56-22 vote. The House
had passed the measure
earlier in the day by a voice
vote.
The final version provided
less lax relief for business
than Kennedy proposed and
fell far short of providing the
offsetting new tax revenue he
wanted.
Congress refused to with
hold taxes at the source on
dividends' and interest, re.
fused to tax stock dividends
at the same rate as wages and
salaries, and imposed only
minor restrictions on tax de
ductible business entertain
ment that Kennedy wanted i not find it difficult to con-
abolished
Easy To Qualify
Under terms of the final
bill, most businessmen will
tinue to qualify for tax deduc
tions for the expense of tak
ing other businessmen and
their wives night-clubbing or
to sporting events. And al
most all restaurant and most
hotel entertaining will remain
tax-deductible.
Businessmen, however, will
Political Impact of Meredith's
Registration Might Be Great
ll'llinn
Rv i.Yt.r r. wir.fsnM
United Presi International
Washington -WPII- President
Kennedy is not today the sure
bet for re-election to a second
term that he
appeared to be
before the bat
tle of Oxford,
Miss.
The political
impact of
James H. Mer
edith's effort
to register at
the University
o f Mississippi
is likely to be very great. First
opportunity for angry South
erners to obtain revenge on
their own Democratic Party
will come in next month's
Congressional elections, a cut
off your nose proposition.
More Republicans are seen
ing stale and national office
this year in the one-time solid
South than in any other pre
vious election. Republican
ronuressional candidates in
the South may expect to ben
efit and perhaps they will.
Power In Congress
But cool-minded Southern
ers may hesitate before voting
out of" office a congressional
Democrat, however much they
may resent the use of federal
force in Mississippi in support
of integration of the univer
sity. Southern Democrats are
orphans within their own
party. Their only enforceable
claim to influence in national
politics is based on their Con
gresional committee chair
manships. These chairmanships are
held by Southerners out of all
proportion to the number of
Southerners in Congress. That
situation is created by the con
gressional seniolity system and
the Southern custom of put
ting their men in office and
keeping them there.
The chairmanships are a
bulwark against the two-party
system in the South. If South
ern voters began replacing
Congressional Democrats with
Republicans, years would
elapse before the newcomers
would be eligible for chair
manships under the seniority
system.
These chairmanships would
be relatively secure, however,
if Southerners passed the 1962
opportunity to vote revenge
and conserved their anger for
the 1964 presidential election.
It must be assumed that
Kennedy will be renominated.
FDR deprived the Southern
states in 1936 of their veto
power over Democratic presi
dential nominations. For 100
years before that, Democratic
national conventions had re
quired a two-thirds majority
vote of the delegates to nom
inate. The 19H6 Democratic
national convention repealed
the two-thirds rule. The influ
ence of Southern states on
Democratic Party policy be
gan then to diminish and con
tinues to do so.
South In 1964
Southern Democrats cnulr1
support the Republirrii iicxct
in 1964 to punish t'.ie Kennedy
brothers. More likely they
will put up their own third
party presidential nominee as
a Jcffcrsonian Democrat or
some such. The objective
would be to throw the election
to the U.S. House of Repre
sentatives. If the regular party tickets
split the vote outside the
South, no candidate would
have a majority of the elec
toral college and the House
would choose among the top
three.
Then the South would be in
the saddle again. When the
House chooses a President,
each state has one vole, only.
The South might expect to
hold a balance of power in
such a choice-and to make a
satisfactory deal with the win
ner. But Southern politicians
must cling to their Democratic
Party membership to remain
eligible for those all-powerful
committee chairmanships.
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have more trouble claiming
tax deductions for such ex
penses as buying and main
taining yachts and hunting
lodges.
The legislation did embody
the principle of Kennedy's
novel spend-and-spend-and-cul-your-taxes
plan for spur
ring business activity. Under
its terms tax cuts ranging as
high as S7 would be parceled
out to business firms and self
employed persons for every
$100 spent on income-producing
equipment and tools.
Buildings Excluded
Applying to almost all busi
ness property except build
ings, the relief would be
Two Projects Start
At Medford Airport
Two projects recently ap
proved for the Medford muni
cipal airport by the Federal
Aviation agency in Washing
ton, D. C, started this week,
according to city officials.
Work started this morning
on the $28,455.60 apron ex
tension project by Tru-Mix
Concrete company with the
removal of a fence. Tuesday
afternoon Trowbridge and
Flynn started sawing concrete
pavement on the old apron
for the Installation of an
underground duct between
the airport control tower and
the wind toe. A new wind tee
will be installed at a cost of
$15,3B5.
granted on outlays for rail
road tracks, blast furnaces.
farm fences, and even a type
writer bought by a novelist.
Try and Stop Me
-By BENNETT CERF-
The relief would apply retro-1 last summer by permitting
actively lo purchases made faster tax writeoffs for wear
since last Dec. 31. and tear on equipment, this
Coupled with the relief that will bring business about $2.5
the treasury handed business billion or more in tax relief.
4 BIG CORPORATION discovered that its head account
L V ant had been robbing the firm consistently for years.
The shortage was in the neighborhood of a million dollars,
Eager to avoid scandal,
the president told the
crook, "All we ask you
to do is get lost." "Going
to can me, eh?" asked
the culprit. "Isn't that
rather short-sighted? By
now, I have a town house,
a place in Florida, a
yacht every luxury a
man could want. Why
hire a new man who'll
have to start from
scratch?"
Erudite critic Walter
Kerr likes to pun as much
as the next fellow. Ha found on the breakfast table one morning
a misaddressed Invitation to a dinner that had been held four
nights previous, "Well," he commented, tossing the outdated in
vitation over to his wife, Jean, "There's one fete accompli!"
There was a big reception held recently in the Princeton Univ
ersity Chapel, and a crotchety old lady buttonholed an usher to
demand loudly, "Be sure to get me a seat down front, young
man. I understand they've always had trouble with the agnostics
in this chapel!"
e
Bill Zeckendorffs definition of a monologue: a conversation,
between a real estate promoter and a prospect.
1963, by Bennett Cert, Distributed by King Features Syndicate
THE
NON-BELLS
ARE
RINGING
E. John Roisi
Lowell A. Ivarson
INDEPENDENT TELEPHONE COMPANIES
Are Busy and More Profitable Than Ever
Five Attractive Telephone-Utility Stocks
DONALD C. SLOAN & CO.
D'Anjou Building 328 South Central
Medford, Oregon Telephone 773-8235
DONALD C. SLOAN S CO. Investment Securities
328 So. Central, Medford, Oregon 5
PLEASE MAIL YOUR REPORT ON
5 FIVE ATTRACTIVE TELEPHONE-UTILITY STOCKS
Name 5
Street or Box No
5 City Statt
MM
(tomorrow)
SEE THE BOLD BEAUTIFUL CHANGE IN BUICK
nn
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(tomorrow)
SEE THE BOLD BEAUTIFUL CHANGE IN BUICK
New Butch Wildcat . ..the family she snorts car with t nervous urps lo gel
movlngl Dashing front bucket seals. Center console'with lighted tach and
stick selector for turbine Drive. New tor 1963: convertible, coupe end hardtop.
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(tomorrow)
SEE THE BOLD BEAUTIFUL CHANGE IN BUICK
1 :
The Bu'ck Electra 225
finest luxury automobile In yffirzl
An im press 'v hst of standsnf equipment
Adnnced Thrust engineering, famous Turbine Drive,
power steering and power brakes, superb reliability.
Bold, beautiful Bu'ck LeSabre . . , features Advatlted Thrust engineering,
tor greater road stability, flatter floor. Choice of three transmitsone, including
optional Turbine Drive. Finned aluminum front brakes (world's as fast).
'Option! tt ttirt cet.
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(tomorrow)
SEE THE BOLD BEAUTIFUL CHANGE IN BUICK
A's.v 1963 taccy madum-ibe Buick Special. Ercfuafva V-8 angina gives you livelier
performance tn any compact . . . and uses regular gas, (Them's an economical
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AT YOUR BUICK DEALER'S
AT YOUR BUICK DEALER'S
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