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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 23, 1963)
THURSDAY. MAY 23. 19S3 MEDFORD MAIL TRIBUNE, MEDFORD, OREGON o Definite Date (Forecast For Adoption of Tax Cut Br VINCENT J. BURKE United Press International Washington - IUPU - When will some version of the big Income tax cut that President Kennedy wants start moving through Congress? "The tax cut," said a vet eran congressional tax writer "is like an airplane at a fog-gcd-in airport. You know that the log eventually will lift and the plane eventually will take off. But nobody can say exactly when.'' The "airport" is the big meeting room of the house ways and means committee across the street from the U.S. capitol. The committee, which or IgiOHles all tax legislation, re ceived Kennedy's tax message Jan. 24. It got the details from Treasury Secretary Douglas Dillon Feb. 6. The plan called for rate cuts and tax -tightening revisions that would result in a net re duction of $10.3 billion in rev enues, with reductions staged over three years. Hear 200 Testify The committee subsequent ly heard 200 witnesses during six weeks of public hearings. Since then, it has questioned treasury officials behind closed doors for five weeks. The pilot who is at the con irnU has HisDlavpH little en thusiasm for the take-off. He Is the committee s politically cautious and fiscally conser vative rha Irman - Rcd. Wil bur D. Mills, a Democrat from Kcnsett, Ark. Mnwcvcr. Mills says he expects to bring a tax-cutting bill out of the committee next month. The rest of the Jour ney to the White House could take an additional four months. Conditions for passage are likely to be better next month than now, for two reasons: -First, Congress by then win hnv had a chance to make more reductions In Ken nedy's record high $98.8 bil lion spending budget, rne re ductions thus far are unim pressive. -Second, efforts of a new urnnn of 300 business leaders organized to rally nationwide support for a tax cut this year may bear some fruit by then. The group, whose support was welcomed by Kennedy, wants a $10 billion tax cut iiiS I S'&rgfi M aiiiH m mail ffmmmm J I ! 1 1 1 nwiiniinmiit'i'.il POSTURE CONTESTANTS A pair of Hotel Sahara show girls at Las Vegas, Nov., use a plumb bob to check their stance as they prepare for the Miss Nevada Belter Posture Contest. The professional dancers are Dorothy Donnelly, formerly of Cincinnati, Ohio, left, and Tonl Madscn, former ly of Provo, Utah. (UPI). 4-H Club News West Side Rabbiteers The West Side Rabbiteers 4-H club held their meeting recently at the home of Mrs. Caldwell In Central Point. President Bon Smith gave the dates of the coming pre- fairs and the county fair. We discussed an overnight campout, the girls in one area and the boys In another. Com mlttces were chosen to decide where and when to go. Then the meeting was adjourned for a lesson on showmanship Don Plnkham, Reporter. Woitiide Home Improvement The Wostsldc Home Im provement 4-H club met re cently at the home of Wren W 1 n n 1 f o r d. Refreshments were served.. The business meeting was dismissed this time as Mrs. Kay was there to show us how to do dry flower arrange ments. Mrs. Kay first gave us a talk on the different ways to arrange the dry flowers and then how to make the flowers look as though they were freshly picked. Then we all were able to make our own arrangemenls. Earlier the cluh met at Ihe home of Conny Varnnr. 2240 Table Itock rd. Mrs. Ricks, our leader, brought some ar ticles and wc practiced Judg ing them. Afler Judging them, we gave our reasons for plac ing them in the order we did. Mrs. Ricks then explained why they were placed In the order she had listed. Sandra Mayficld, Reporter Milk Pail Wranglers The meeting of the Milk Pall Wranglers 4-H club was held at the home of Mr. and Mrs. Tonoy While. We had three new members, who are Lcttle and Roger Wclbuin and Don Enloe. We Judged four cows which Mr. White was kind enough to let us use. Mr. Cahail gave us our scores on the Hoards Dairymen's Judging contest. tic also told us the impor tance of Saturday's dairy show. The meeting was ad journed and refreshments were served by Mrs. White. Our next meeting will be held at the home of Mr. and Mrs. Summers. Louise Herzog, Reporter Festival Is Subject 01 Magazine Article The Shakespearean Festi val, which opens for the 1963 season July 24, Is subject of i a two-page article In the cur- J rent Issue of PPG Products, the maguiinc published by j Pittsburgh Plate Glass com pany. One page Is devoted entire ly to color photographs of the festival and the second page continues the illustration through more than halt of the space Copy accompanied the Illustrations. The Plays Still the Thing," it the festival, the ar tide points out, while the fes tival also has the "Feast of Will," scholarship funds, an institute for college drama and the history of the festl-j val's development. without any of the tax-tight-1 ening revisions proposed by the President. The average voter is not clamoring for a tax cut. Some citizens are hostile. They be lieve there is something im moral about cutting income taxes when the government Is running a big budget deficit. "The Puritan Ethic" is the phrase used by Walter Heller to describe this phenomenon. Heller is chairman of the President's Council of Eco nomic Advisers. Most econo mists share his view that the country needs an income tax cut to encourage growth. But Congress would not be considering a tax cut now if it were not for the strong stand taken by Kennedy. Tax reduction is the legislation Kennedy wants most this year. Last summer the President became persuaded that pres ent tax rates produce unem ployment by restricting eco nomic growth. His political advisers shudder when they ponder how the odds would change on Kennedy's reelec tion prospects if the number economic i of unemployed Ame r i c a n s rose sharply next yeir over the present figure of 4 mil lion. Outlook Brighter Dillon acknowledged re cently that the business out look now seems a little bright er than Kennedy anticipated when he sent his tax message to Congress. This has neither cooled Kennedy's ardor for tax re duction nor dimmed chances that one will be enacted. But it may influence the distribu tion of lax relief. If a recession were under way or imminent. Congress i capital ' needed for long-term probably would be more re-i economic growth. However, sponsive to the demands of organized labor that any re shaping of Kennedy's tax pro gram should increase - not reduce - the percentage of tax relief earmarked for tax payers with modest incomes. Most of these would spend it quickly. Businessmen have insisted that Kennedy's program is too consumer oriented already. They believe a bigger share of the proposed relief should go to persons with high in comes to provide more "risk faced with a recession, even some conservative lawmak ers would hesitate to insist on this. Lower Taxes Along with reductions in corporate tax rates, Kennedy's program would ultimately re duce individual income tax rates to a 14 to 65 per cent range from the present 20 to 91 per cent. Structural revisions includ ed in Kennedy's program would provide additional tax breaks for some low-income taxpayers. But they impose, tner mooei " new tax loads on others, par ticularly those with medium and high incomes. Before a tax-cutting bill wins committee approval, most 6f the hotly disputed revenue producing revisions will be Jettisoned. To offset this loss of revenue, the com mittee then will have to mod erate the steep rate cuts pro posed by Kennedy. In fact, the committee prob ably will decide to hold the revenue loss below the $10.3 billion recommended by Ken nedy. This would mean a fur- cuts. It is in the designing of a new rate structure that the division of the tax-reducing pie will largely be made. The revenue-producing re visions were included by Ken nedy largely to placate Mills, who told the President last December that tax reforms must be included in any tax cutting bill. Mills now is try ing to salvage in compromise and less controversial form some tax-tightening provisions so the final product can be advertised as p "tax reform" measure. I If lit k mams (I HERE ARE THE SIMPLE INSTRUCTIONS Pick up your frt cord no purehoit nacmary. 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