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