Herald and news. (Klamath Falls, Or.) 1942-current, January 01, 1948, Image 12

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Herald and news., January 01, 1948, Page 12, Image 12

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Newspaper Page TextTHURSDAY, JAN. 1. 1948 PACE TWELVE HERALD AND NEWS, KLAMATH FALLS, OREGON Individual Income Tax Cut Tops GOP List Of "Musts" But Truman Still Has Veto By FRANCIS M. Le MAY WASHINGTON. lee. 00 (.-JV- Re publican leaders will tell you thai tax reduction bill in the surest bet In the new eonirress. Hut don't Bend the money yet the president till hai a potent veto if he wants la uae It. When contresi sweeps back Into Washington on January 6. a cut in thf Individual income tax will stand at the top of the GOP list of "must" leflilation. The republlnuis, Willi help from some democrats, ore ready to press through another bill for a huge slush, probablv between $4,000,000. 000 and $5,300,000,000. Beyond doubt, It will pass. And a plan is afoot for a "gen eral revision" of tax laws later, in rhirilnir cornoratlon levies and the excise taxes on Jewelry, furs, tele-1 graph and telephone, transporta tion and entertainment. But down at the other end of Pennsylvania avenue sits a demo cratic president. Harry S. Truman. He used his veto power twice last year to kill republican-backed 1 $1,000,000,000 tax cutting bills. He tuld congress then that II was the "wrong time" for tax cutting I ..-,...l.llnw mflra c.ieilltit.V m.lIIPV itk ' bid up the prices of scarce goods. He argued that it was the "wrong kind," that the bills would help those most who needed help least, and give smallest relief to persons with smallest Incomes. Moreover, Mr. Truman declared that debt payment should come ahead of tax reduction. Now he Is silent on what he will do about the new tax bill. But on Capitol Hill, republicans are arguing that tux reduction would help fight Inflation, by in creasing Incentives to bring out larger production and by cii.Mng de mands for wage. Increases. Under the leadership of Chair man Kmilson iR-Mlnn of the house ways and means committee, t!icy have sought to make their try "veto proof" hi other words to produce a bill which will attract enough democratic support to over ride a veto. They are expected to turn out a bill something like this: I. A $100 Increase in individual exemptions, from S5UO to $ti00. This would erase about 6,000.000 small Income taxpayers from the rolls completely and give some reduction to the other 48.500.000. It would reduce revenues about SJ.OOO.000.000. Nationwide adoption of the community property principle whereby husbands and wives may split the family Income equally for tax reporting purposes, thus bringing the total income into lower rate brackets. This system now- exists in 13 slates by local law. Applied generally. It would cost the government about $700, 000.000. 3. Percentage tax reduction, in addition. The hills vetoed last year used the percentage reduction system exclusively, reducing the tax on smallest incomes by 30 per rent, middle Incomes between 15 and 20 per cent, and taking 1.5 per cent off the tax on any part of an income over $:I0?,000. Farm Croud Muni The United Slates chamber of commerce and the National Asso ciation of Manufacturers are back- I ing early tax reduction. Kami and labor grotiis have not generally pressed for quick tax cuts. The CIO vigorously opposed the two pre vious Kuutson bills. While Mr. Truman lias kept his counsel on the tax prospects, Sec retary of Treasury Snyder perhaps has disclosed the president's posi tion in recent Sccchrs. Snyder says emphatically that congress should make sure the government has enough tax Income to cover foreign old. leave something over for debt reduction, before tackling tax revision. As for business tax revision he suggests: 1. More equal tax treatment of Incomes of corporations and un incorporated business, and correc tion of the "double taxation of dividends." 8. Correction of excise taxes SHE MUST KNOW THE WW. MT IT PERSON WHO PVaCEO If. DOESN'T 6Ne OR IT WOULPNf T HME- a PHONE VHJrV aSITaTEDHERSO! v'MRCfcxCCgfS; 1011 GOTTaMaOij v s:si ds iisikn (...SO I RMI OUT THEN WU STIIL DON'T KMOrl 1 fllO. I GOT ANOTHER. 1 ('" lS-'" '''Vil "" f 0' THE CAFE ND I WHV SHE WHS 50 UPSET 1 PAPER MK) ITXXED , '" ri'. r - J SEARCHED EVERV- V OVER THAT WANT-AO, EASS J UP THE AD. IT'S A Sl-uMi I WHERE BUT COtllDNT " RATHER STRAN6E I MJTrrunderi, rrrM L. t AWE OR WHERE j." L TSlf! A J2ZZS&&3 Ulk 1 f . SHE LIVIES. Jf-Y w ""erY.V""..(ametor '-.-; B J - TVrfi -rctrtl a ffek JR f - ,-r--advancement n y r-'Vi TI fc J jll yy" HAPPY NEW. YEAR "l.JLu'..mi ms-'S"P If-.i.."-?' "'""111 ... to oil our friends and patrons. We appreciate having been oble to terve you during IV4, and will continue giving our superior service during the coming year. RALPHS GUN SHOP "ON THE HI-WAY TO THE FLY-WAY" 4820 South 6th phone 4273 TpV V EVt-'ADlrtE SACE" 6V9lliO' HMLlGoT CO'JER M.I WD GLf J HEEPitf ImS IS 10 liwy aJEW lt- TO YOJ, OLD FAlD IN 601D CJST-' j A J CrEl FoR A SAC OF C CHA3 rM KM O'lifS IriSfellWti fS-V 9-tctfier 8iVs irll 3MV8T- m-)i HELP ME GET ACROSS tA' ) SV VZS ?H V' ". jt3tS-l I ' f V THAT RAVINE! r VS I ? LCr&VN "STW ) . xgj Ik Tvrl - Hint 'MUlurb cimiirtitlvc romlU tionn" in luuiiH'Kji or "urr unttuly burtlnuonio uii liulivlilintlM will, low hu'tmicsv" lUiHinctui tax rrvlKtons iruttiibly will wult fur rcoml Ui bill. Vhrn cimftrrM rrnrlim thlv mirn tton irrh;ipa In the prhiK, It will h tulle one iiltun which rHrrln imlUlcnl dynaiultr. Thli li .iro potutl to Imx ci.'itpcrtttlvm on tin rqunl fnotliiK with privately oprr ftted buftlneu, runners or oll.eni w ho bml t or ct her In co-oti now enjoy Hiieilol tax tretttmrnt. British May Delay Moving LONDON, Jim. 1 i API An bu thoritiitlvo tiovt'i nmrnl sourt'O Mild twl. . Orent ill ituln limy bo "rum-prlli-d" to itclny lirr sclu'iluli'il mill liny willuliiiu'Hl (nun PiiU'Mlnp in Aimust If vlolpiire brtwrrn Jrws imil AruiM ronlliiucs. Ho itKticnU'ri nt.su tho continulntt rondh't mlKliI (oror (he llrltl.sli nov iMiimrut to siirrrmirr lis Pnlostiiip nmiuliilo to Ihp I'nltrd NiKloti.i curlier Hum Muy 1 ns orlulnully plamu'd. "Coiiiiiiuiial slrlfp moiuis Ilrlll.sli tnHi' have to bear hi-avlrr dutlrs i and ri'Mill.i ill disruption ol trans. port, roiiiinuiilnilloiis and oihrr public si-rvlcos." the Intornianl said "It must bo obvious to niivnnp that continued violence will make the lob of wlthdriittinu 70.000 troois and , their equipment Ioniser and more complicated." Since the I'nlted Nations voted November 29 for partition some isoo persons have been killed In fighting In Palesllne. Truman, Wallace Awcirinn Niches I WASHINGTON. Jan. I i,Vi V)jvld Lynn, architect of the eatil-1 tot. broimht Harry S. Truman and Henry A. Wallace toKether In his 1 office today. ! And there they'll stav until the j senate committee on rules and ad-1 ministration assigns them a niche. In the senate wing set aside for j marble busts of the vice presidents. Lynn bought the two new ones for $2500 nptcce under a law re- ' quiring time a statue of each vice 1 president be placed In the capital, j These two complete the full set of 34. i Death Takes No Holiday During 1947 Sudden death look HU persons III Klamath county during IIU7, bin only Ml of those deaths wore classi fied us violent by the coroner's of fice. Tile fmuio goes Inst year's mark one boiler. The loll Included 19 automobile or pedestrian accident fiiinlliiei in,i eighteen of the accidents occurred within Hie county limits. Ono major alrplimo crash In February cost throe lives. The Clov ornor Hnell crash of lalo October look place Just over the line in Uike county. Kltlil lives were liut in fire lu li accidental gunshot, Iwu In lug. ling accidents, line In a mill, llvr persons were druunrd during the year nod nine ruiuiultled suicide. The total of lhre lumber Industry fatalities Is remarkably low. con sidering the millions of man-hours spent In the Industry here durliM year. Also remarkable was that only one gunshot death resulted from deer hunting, and that one came from Illegal hunt lug on the riservntlon before the sensor. oMned The single duck hunting fatality eniur last Saturdav when a ymnu man died of alined and exposure after going through the Ice on the I'pner lake. Other deaths of the grand total we'-e tnhlxvi is sudden, but due it natural causes. The coroner's annual report for 1IH7 shows- Violent deaths: Stlirldrs Ilv hanging Rv nolson shooting and hanging SMnot'ng Late Cage Scores By The Associated Press Tennessee 110. Wake Cores! 41. Missouri IH). Wllkn Korea! 41. Missouri 411. Northwestern 41. Ilradlry III, Yale oil. Wisconsin 61, Maripirtto 00. Iowa III. Harvard 41. Loyola (Los Angelcsi IW. New Mex ico 60. ImiUllimiil Tuurnumriil sl tort Worth, '1'rs. Louisiana Htale 61, Texas Chris thill 48. Texas Tech 11. Iluidlii-Hliiiinuns All f'ullrge Tuurnaiueli! a! Oklahunm I lly Oklahoma A,vM :v Texas 111 iflualsi, Wyoming Bit. Hire 4:1. llaylor 211. Alaliuina Ul llamllne 62, tleoigla lech :i.'i. Acelileulal Aioomoiilles Prownlng Plane Kire (lllllsllOt Train Logging Mill .Strangulation A.-.phvxtatlon shock Others Homicide Princess To Wed Mihai C'OPLNIIAOKN. Denmark. Jan I i.Vi Princess Anne of llourhou Parma said today "It was love at first sight'' Willi her and former King Mlhal of Homaiila and that "wherever he goes. I will follow him " She said the young monarch's ab dlcaltnu Tuesday was a complete surprise to her and that she did not know his plans. She was anxiously awaiting word from him at the rcsldenre of her uncle. Prince Axrl in (lenlolte. a Copenhagen suburb. "I have had no word from King Michael iMIhali and I do not know anvthlng about his plans for the future," the pretty young pilnrevt said In an Interview. "It seems, however, after what I have read in the pallors, that he Intends to go to Switzerland but wherever he goes. I will follow him. Hut I will not leave Coiienhngen until I have heard from linn " There have been iiers'stent reiori that Anne and Mlhal soon would be married. Vandenberg Stays Out WAHlliNiri'ON, Jan. I M'i Friends said loilay Henalor Van denberg Is prepared In go beyond Ills request that Michigan republi cans pass him by as a favorite son candlilutp for the presidency, Vandenlieig has told Iheso friends that If draft movement should dn clop In his behalf at the Phila delphia convention III June he will ask drh'gales publicly not to sup port linn for the nomination. This, plus his long expected for mal announcement lo Michigan OOP loaders 111 a New Years loiter, has convinced most Washington as sociates Hint Hie (U-year-old law. maker does not want to run for presi dent. 1 V'aiidenheig, presiding olllcei' of Hie senate and tiialrman of lis loiclun relations commlllee, canicd copies ol Ills letter In person lo the senate press gallery ycsleiday mid smiled as he handed llieui to in put tern. Aviation Board To Start Soon PORTLAND, Jan. 1 lV Kltlrcn uitinliors of the city's new aviation commission were listed today liv Mayor Karl Itlley and are expeiied lo slilil functioning within a few dais. The commission will serve as an ndvlsot y group to map the rlty s amnion Industry development and is i-oniiKiscd of icoiesentatlves ol I commercial, private and military I uMatlon plus Hie cltlm-iis serving j as public members. Suspected homicide Shot by officer TRICYCLES WAGONS BABY WALKERS POOLE'S BifTcle & Sporting Goodi ii2 So. 7th i,',: iiHiri: ftokub r'LOWER SHOP 4JOHtlN !WII MMori447 ni'lillJ.il'lflHiHX mm KLPmPTHvi jyi.i SHOPi Hill. HIT VANCOUVI-llt, II. C, Jan. 1 ol'i Two armed bamllls, wearing red gloves and goggles, held Up Ihe Oianvllle strrcl bramii ol the lin peiiul Hank of Canada yesterday and escaped with an estimated S1700 alter herding three bank workers Into a vault. Ill , Mill l ; j-:itt;sAi.KM. Jan. I ii-i oifi j dais said a ship carrying 100 un ' certlfleti Jews was bearhed tialay 1 a' Nallarlya. Icll llllles norlll of Hulla, in Hi" arra allotted under Impending partition lo Hie Arab j stele of Palesllne. . I'loirvr Shop iiiivi:i. (At Greenhouses) 31114 K. Sill. Phones 1335 and 93lt Free llrllvery Howers by Wire Kunrral Designs Our Sperlally wty0! TrTII,8 X Famous usr (T runmims awav , is me? I THAT Does itF) f Hey, what awT sssssss fflli!Tlr J J B 1 y m i i V i LEOI3"i' uzopos i rr "'jftlZ f hoppv vou eaio rr, OArx-!-l: V hey! look!) my CTfiPs! WHT? 4 occto-'Qpooy"! I Mii ( HEW YEAR, 1 HAPPY NEW YEAR u'it) eroPPlN'AT 1 WHO CAN J WHERE? 1 I 17' r"i AfE l . ' RtJl JANUARY 1st to FEBRUARY 1st ONE TUBE FREE with each purchase of 2 tires any size. ALL TIRES PRICED at 70 Below Regular List! Equip your car NOW for a FULL YEAR of trouble-free, safe driving. You can't afford to pais up theie prices! F1SK AIR FLIGHT DELUXE 6.00x16 NOW PfjLfT. 173 V VsVt "" B J8 6.50x16 only $16.65 7.00x16 only $19.77 7.00x15 only $18.72 6.50x15 only $16.34 6.00x15 only $13.41 (All prices plus tax). LOOK-ALSO... In the line of bargains ... a FEW NEW TIRES, not our brand, to be SOLD AT COST PRICE to yout THE NEW LOW PRESSURE TIRE Lower pressure . . . smoother riding, sofor driving FISK AIR BORNE The newest in tiro design. Better traction . . . smoother riding. 65x15 Now only $21.15 70x15 Now only $23.94 60x16 Now only $17.82 65x16 Now only $21.60 70x16 Now only $25.44 (All prirrs plus Us) The Famous Fisk SAFETY FLIGHT Safer driving More mileage! 6.00x16 . . . $11.43 5.25, 5.50x17 . . $11.50 6.50x16 . . . $14.14 5.50x18 . . . $11.22 7.00x15 . . . $15.65 4.75, 5.00x19 . . $10.29 6.50x15. . .$13.85 4.40,4.50x21 . .$10.34 6.00x15. . .$15.49 30x3V2. . . .$9.23 OLDS CADILLAC OLDS TOWER, 7th and Klamath Terms May Be Had On OUR Budget Plan ON ANYTHING You Buy Here n Phone 4103 EGIO i