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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 17, 1963)
KofDn:8E3v ;s lu Flan Offers Two iiisis in TaktHoae fay From Pag On TlfAVA Ava Tua IT i rule nf I IICI w rtl v i iiv milium vs nfiivnwy JFK Tells Skeptical Congressmen "This would indeed be un fortunate,'.' Kennedy added "both because of the effect on eovernment finances and be cause of the lost opportunities and the human misfortune that would accompany a slug gish economy and growing unemployment. He noted in this connection that the Treasury ran up cumulative deficits of $24.3 billion during the past five years even though he and his Republican predecessor in the White House had anticipated surpluses totaling $8 billion. "It is now clear," Kennedy said, "that the restraining ef fects of the tax system on the economy were not adequately lealized." The President told law makers skeptical of his phi' losophy that there are two kinds of deficits, tie said one is a chronic deficit stemming from anemic economic growth. The other, he said, is a temporary deficit resulting from a tax-spending program designed to spur business ac tivity, provide more Jobs and ultimately Increase revenues, "The first type of deficit is a sign of waste and weak ness," Kennedy declared. "The second Is an investment in the future." . While the Chief Executive did not disclose' his tax-cut ting timetable In advance of his special tax message to Congress later this month, he said it would reduce federal income by some- $5.3 billion in fiscal 1964. He also indicated that he wants individuals to get tax relief before corporations, presumably on the theory that they will pump such funds into the economy almost im mediately. Kennedy asked Congress to extend the present 52 per cent tax rate on corporations six more months until Jan. 1, 1964. On the other hand, it was understood he would ask that the first cut in personal income taxes be made effec tive July 1. The President - also pro posed another extension of Korean War excise taxes on liquor, beer, cigarettes, and new cars. Otherwise the levies would expire July 1, costing the Treasury $1.6 billion in annual revenues. He likewise proposed raising another $100 million through new user taxes on air freight and plane and barge fuel, In the field of legislation, Kennedy renewed his appeal for such controversial pro grams as medical care for the aged under Social Security and aid to education. He again sought a cabinet - level deDartment of urban affairs to help cities solve their prob lems. The outlook for both is dim this year although Kennedy partisans hope to salvage at least something in the 1964 Foreign Briefs AUSTERITY PROGRAM ANNOUNCED IN POLAND Warsaw IUPU A lop Polish economic planner has an nounced an austerity program for electrical power onti due to inadequate coal production and manpowtr shortages on the nation s railroads. MACAPAGAL TO VISIT UNITED STATES Manila rtJPli President Diosdado Macapagal said to day he will visit tha Unitad Statas as soon as the Philippint economic development program baglns functioning. COLOMBIA POLICE BREAK UP STRIKE MOB . Pasto, Colombia (liPIl Police broke up a stone-throw ing strike mob in this bordtr lown Wednesday night, injur ing several persons. Tha outbreak here was the only violence reported in a general strike protesting the rise in prices resulting from devaluation of the peso. ARMY CANCELS SEARCH FOR PLANE Saigon WPII The U. S. Army today called off its search for' a Mohawk observation plane which vanished last week 250 miles north of Saigon. A U. S. spokesman said the American first lieutenant who was piloting the craft and his Vietnamese observer were believed to be either dead or prisoners of the Commu nist Viet Cong. " election-year session of Con grcss. The President naked for an immediate extension of the present temporary $308 bil lion ceiling on the national debt and said he would seek a further hike later this year, possibly to $320 billion. He said the debt was expected to reach $316 billion by June 30, 1964. In outlining his military spending requests, Kennedy said the free world "must be prepared at all times to face the perils of global nuclear war, limited conventional conflict and covert guerrilla activity." As a result, he said, his ad ministration will continue de velopment of strong retalia tory forces, capable of sur viving surprise attack and striking back: improved air and missile defenses, stronger and more flexible convention al forces and a civilian fall out shelter program. ' He said the budget provid ed for six more Polaris missile firing submarines, procure ment of additional Minute- man Intercontinental rockets to be dispersed in under ground sites, further tests of the Nike-Zeus anti missile missile and initial develop ment of the more advanced Nike-X. ' For agriculture and related programs, the Chief Execu tive estimated fiscal 1964 out lays at $5.8 billion, a reduc tion of $1.1 billion from cur rent levels. He said the cut back would result largely from expected sales of sur plus cotton acquired by the government this year. n I ACME Drevs Continue Their January Thar are (fill' quite a few selections left in this biggest-sale-of-the-year. Prices won't be this low again 'til next yearl Be sura to sea all departments for your needs, since many items are on sale and not listed here. BOYS' DRESS SUITS 1623 Regular $24.95 to $34.93 Boys' SPORT COATS and BLAZER JACKETS Regular WOO A "99 13 MEN'S SPORT SHIRTS and SWEATER SHIRTS Our betler washables by Arrow, Campus, etc. Values from 5.00 to 8.95. 099 C99 12.95 to 22.95 ... Sizes for boys reduced to COWBOY BOOTS and girls 99 99 BOYS' CORDS Swaff. Regular 4.98 to 5.98 lo 4 Boys' Winter Jackets BOYS' SHOES Regular 10.98 to 16.98 One Large Group 7" to 11" $5" VISIT THE BARGAIN TABLE Regular sport shirts and knits, long sleeve and short sleeve. Values to 4.98 99 a Men's Western DRESS SLACKS $C99 All Wool and Wool Blend At low as.... 1 SWEATERS While They Last! Regular NOW $14.95 $ 8.99 $19.95 $14.99 $12.95 $ 7.99 $22.95 $15.99 $10.95 $ 5.99 MEN'S SUITS "One Group" Hart Reg. SALE Schaffner S. Marx, $75.00 . $49.00 Griffon, Curlea & $50.00 $34.00 Triton. $59.95 $39.00 BOYS' GLOVES Lined and Unlined $1.19 SALE 89c $1.39 SALE 89c $2.95 SALE $1.99 $3.95 SALE $2.49 $4.95 SALE $2.99 Nationally Known Lines of Menswear Offered to You at Terrific Reductions Open Monday and Friday Till 9 P.M. mm SINCI 1911 iiiiiiiaiiMaMMB DREWS Manstore IN THE MEDFORD SHOPPING CENTER First Would Be 10 Per Cent Hike Effective July I Washington - (UPD - The na tion's workers would get two boosts in take-home pay un der President Kennedy's tax reduction program. Effective July 1, the plan would reduce the ' tax take from individuals by more than 10 per cent - equal to an annual reduction of $6 bil lion. Another rate reduction of $5 billion would take ef fect July 1, 1064. However, the administra tion does not expect Congress to complete action on the pro gram before late summer or early fall. Under the plan, withholding rates would be lowered soon after the pro gram is enacted and reduced again on July 1, 1064. Tax refunds would be nec essary to compensate for too much withholding of taxes through payroll deductions from July 1 until the first re duction in withholding rates. How It Would Work Under the plan the tax cuts would be passed on to . the individual taxpayer' In this way: By reducing withholding rates under which the indi vidual pays his taxes on a cur rent basis. This would Imme diately increase take home pay. By revising the tax tables on the income tax forms which the taxpayer fills out at the end of the year. Re ductions here would cut his annual tax burden. Two Reductions Under Kennedy's plan two reductions in with holding rates would take care of the tax table changes required for the years 1063, 1064 and 1065. Rates in the tax table cover ing 1063 income would be set at an average between the present rates effecu-'e during the first half of the year and the lower rates effective dur ing July-December. Rates in the 1064 tax table would like wise be adjusted downward to reflect the second tax cut in mid-1064. Church Conference Outlines Plans For Combating Segregation Chicago (UPD An "action program for churches and synagogues to combat segrega tion was outlined today by the National Conference on Religion and Race. , It called for prompt elimi nation of racial barriers in all religious institutions, includ ing church - related schools, hospitals, welfare agencies, homes for the aged and frater nal organizations. It also proposed that re ligious bodies: Help Negro families ob tain homes in all-white suburbs. Work for the "stablliza lion" of changing' neighbor hoods in the inner city. " Invest pension and en dowment funds in projects, such as inter-racial housing developments, that will pro mote "equality of opportuni ty." Insist that all contracts for church construction or sup nlies include a nlprief nf nn job discrimination. - Work for enactment of federal and state laws against discrimination of emnlovment and housing. General Foods Gains, Chrysler Fails To Open 1 New York - (UPD - Stocks were mixed today. General Foods gained a point and Chrysler failed to open in the early trade, but otherwise there were few blue chip features. Steels, autos, chemicals, oils and metals were generally nar row. DOW JONES AVERAGES New York-ttJPD-Dow Jonti final stock averages: 30 in duitriaU 669.00, off 6.36; 20 railroadt 147.17, off 0.32; 15 utiliiiet 133.05, off 0.26, and 65 stocks 236.29, off 1.48. Sales Wednesday were about 4.26 million shares compared with 4.54 million shares Tuesday. ' Wrdncfday'ii-prlceT on selected storks: Allied Chemical 44'j Alum Co Am AS American Air Lines ...... 18 1 American Can 4V American Motors - It) A T T 117'i American Tohacco 304 Anaconda Copper 43 U Armco M Bcndix Corp 5Hi Bethlehem Steel 301, BoeinR Air 3fl Brunswick 19 Caterpillar Corp . 37H Chrvaler Corp Bl Coca Cola - . 88 CBS - 47'. Columbia Gas 27 B Continental Can 4VB Crown Zcllerhach 4H1 Crucible Steel 174 Curtlsa Wright 17 Dow Chemical Kfl'j Du Pont 238 Eastman Kodak 1 12 Fireston 3.v Ford . 4Vt General Electric 78 General Foods - 8ni GencraV Motors Wi, Georgia Pacific Greyhound - 33 Gulf Oil 40 HomcMake 44"i Idaho Power 33 IBM 408 ifc Int Paper 28 'a Johns Manvllle 4V Kennecolt Copper Lockheed Aircraft - M Martin 21 Merck B1! Montana Power 37 Montgomery Ward 3as National Biscuit - 4. New York Central Northern Pacific Pac Gas Elec Penney J. C Penn RR Perma Cement 14 Philhpn , 47 Procter ft Gamble 72T Radio Corporation P2 Richfield Oil 40i Safewav 48 Santa Fe 3 i Scars 73 Shell Oil M Swonv Mobil Oil .V'4 Southern Co M ' Southern Pacific 2f ' Soerry Rand ...... - 14' Standard Cat! forma - Standard Indiana - 4!. Standard N. J !!' Stokelv Van Camp - 18' Sun Mine Texas Co. ... BO-t Texaa Gulf Sulfur 14 1 Texas Pacific Land Truat Thiokol 28 ' Trans America 4J( Trans World Air in", Trt Continental 4 31 lt 33, 4 V, United Carhide I'nion Pacific I'mted Aircraft I'mted Atr lanes l' S pi v wood V S Rubber V S Steel Wrf Bank Corp .107, a :::: iir- 44 Regional Edition Medford Page 2A Tribune MEDFORD, OREGON, THURSDAY, JANUARY 17, 1963 These and many other spe cific proposals for religious action on racial problems emerged from a four day meeting, unique in U. S. his tory, at which 700 Protestant, Catholic and Jewish leaders sought to make religion a more dynamic force in t b e struggle for racial justice. The conference was the first of its kind ever held under the joint sponsorship of the National Council of Churches, the National Catholic Welfare Conference and the Syna gogue Council of America. The action proposals were developed by work groups which met behind closed doors Tuesday and Wednesday. They are not binding on any denomination or local congre gation but are simply recom mendations from the inter faith conference. it you'll be PROUDER of your CHOWDER! o o o SUPER MARKET 0 0 0 LIMIT RIGHTS RESERVED - FREE DELIVERY- tffw? VAN CAMP V GOLDEN MIST H P0RcBiANS SALMON EST 2.-39 . 79 HONEY GRAHAMS 2 L 65 PLANTERS " "7 " f F C.f COCKTAIL PEANUTS JI1 Del Mont f f gZ Whole Sour & Kosher Dill Halves. 2 , 79 CARNATION INSTANT WHEAT CEREAL, lb. each 25 t PEPSI-COLA 6 PACK 49 Plus Deposit HUNGRY JACK PANCAKE MIX 4 b. 45c Gerber's MEAT For Babiei Jr. or Strained 4 - 69 HEINZ CREAM STYLE HONEY 4., 10 SUNPAK CRAB MEAT 6Vt-oz. 69 SNOBOY CELERY 2- 29 SNOBOY EMPEROR GRAPES 15 AVOCADOS 329 BANANAS 2..29 BANANA SQUASH b - 39 OREGON CHIEF PICNICS 4- to 6-lb. Average lb. PORK STEAK Nebraska Corn-Fed lb. 49' PORK SHANKS Large Lean lb. 29 LOCKER BEEF Cut, Wrapped & Frozen lb. 53 SLAB BACON Nebergall's Mild Sugar Cured Sb. 49' PORK ROAST Nebraska Corrt-Fed lb. 39 V?ov WeHlnihou 33 'fc 350 East Pine St. "A Good Place To Trade" Central Point
