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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Aug. 14, 1952)
TllllltKIHV. AlKMIST 14, 1 (152 .Next President To Be Faced With Five Billion Dollar Tax Decision IIKKAI.I) AND NKWS. KI,AMATI1 KAI.t.S. nrtt'OnV PACK JTCVIW WAHIIINUTON (P nrxt l'i loiuirtit (uvea an urgent (Iva-bil-liiiiwlnllnr tux doclalon ea noun l' lukra hla oalli o( olllco. Tim rather vaiiuo talk about poa ililo luturo tax reduction, com Urn mil of both tlx Kleenliower anil Blcvonion praaldontlal cam linlun camna, alrlkaa prantlral tax men linn an liitrroniliiii but aume what uealcle tht point, Thal'a became a lot of tnxra ere clue to no down aharply, atnrtliiK at Urn end ol next your, unleaa tin Pronldcnt and tlx 8.1id Con l una act affirmatively to kerp llirm mi. It will ba up to the now chief exruiillvo to tell the law- iniiikera uliul lie wants whlih may ur limy not be what he eU, It will be to the President's ad- viintiiKe to aubmlt hla tax renoin mpiiilullona promptly becauae It lukrn a Ioiik time to wrUid a tax bill llirmmh the coiiKreaaloiial mill, The hint one required abnoat nine month. In drnflliiK thai lucrirane, which went Into rllcfl hint lull, t'oimrci.n rl iiriinlln. miloll dHUM fur the incrcaird ratr-a. 'ilia vrleiuni on Hie tax-wrlttiiK ounimlttrra rncoK Hard that a tnx without an nliallon date I., In practical ef fect, a permanent levy. In the alwiice of ixmlllve leu lalutlve action next year, tuxen are duo la no down n.'im.imt.inm. 'Iliere would be cut of 13.2110.000,000 In Individual Income tuxen, 12,000, 00(1,000 In corporation taxca and some 60 million In exclne levlca. Individual Income Iuxpn are rcheduled to revert to the lant lire vloua ratea Dec. 31, 11)53. 'Die corp orate r:'.f'T profits lux would he cut iii hulf for ciilcnrlur ViWS and iiholi .lied lor calendar l'J:4. 'I he IncrejiHe in the icxnl"r coriKiration lnx"s in due to run out April 1, MM. 'Unit bIko la the date for the acheduled cutback In a number of excihe levlca, Includlnir thone on linuor, beer, clKareltcn, autoa and uaaollnc. Washington tax experta frankly doubt whether either Uov, Adlul E, Htevennon or (ien. Dwluht D. j Klhenhower haa been thoroughly briefed on the national tax problem. ftenuhllc;in nominee Elsenhower ,s;iys luxe have approached the point of hurtlntr Incentive and In-1 Illative, lie talks of ! 30 or 40 billion dollar cut In the budget, but Ihen declares that a- budget reduction doesn't neceaaarllv en tall a tax cut, Elaenhower could Ret quite an argument out of any congressman on that point. Gov. Htevennon'a headqunrtera haa buzzed recentlv with talk of a aubstantlal reduction In the cost of rearmament by July 1, 1004. Hlnce arms repreaent a major ahare of the U. 8. budget, thla ia slrlclly lax-cutting talk. Yet neither candidate haa Riven anv public recoRnltlon to the prob lem of that five billion dollar which must be faced up to next year. People DO TOO read small space ads - you are! NAMED PORTLAND tffi The Save Or. Ron Highwaya Aaaoctatlon, an or ganization aupportltiR the truck tax bill pRAsed by the laat Legislature, Wednesday named James Mount, Portland, president. FARM EQUIPMENT BEST BUYS KFJI 7:30 a.m. TRY OUR PRESCRIPTION DEPT FOR FAST, COURTEOUS SERVICE IY REGISTERED PHAMACISTS OPEN DAILY from 8:30 A.M. TO 9 P.M. 8 CUP MMIHUM rACCFF percoutordcj COFFEE FircWtng ,Klletlv ThuM.Thru Monday Aluminum FOOD FOIL I S3 CHAMOIS ond large SPONGE 129 Both For A 1 1 r n r.irr 7Tm w v.u i r. - silicone -Cleans, Polishes, Protects for yc JUGS Wtk Pogrlaf p 087 SMOKE TOO MUCH? ITOMMOK. U. H T n rt emiae "H irt he N ttu V M Klr.tOITOMMOKItatrl J EXTENSION CORD 4& WE RESERVE THE RIGHT TO LIMIT QUANTITIES MEET ME AT PAY-LESS I REG. 2.59 491 MEN'S LUNCH KITS Famoua American Make lib FlDiVaeuma lam out Ft. Rei. 49c ferrl.l. LUla, QUALITY CLIP ON SUN GUSSES AIai . For Men Women Children 1.95 WILSON SWIM GOGGLES 33c Makea Swlmmlm More Fun 1 33 Vf.v.. 4.00 Value ELECTRIC FAN 2.49 SPOHGl RUBBIR CUSWOHS Fin lo' nle, Ct A 10 PEHETRAY HEALTH UMPS f ...... .mji Frr...t 0T.:.Eril. QQc FAST SILENT MOTOR HANGS OR STANDS t Inch Blad 27 rOPPERTAN Suntan Lotion BAMBOO PICNIC BASKETS LARGE FAMILY ' SIZE TABCIN , 73c 49 AVIATOR STYLE Reg Si. 00 Crto"1 Cool shVd"n SUN GLASSES 88c With Ce WoHEIRaWn! 25.. 89c tolNDRuPi 1.09 ASTHMADOR CIGARETTES 59c AHiHlif ... 99c WYAMIHE INHALERS ANAHIST ATOMIZER 98c NEO-AQUADRIN 89c ASTHMADOR POWDER I13 JUST RECEIVED. Another Shipment of "LOOZ" REDUCING AID We're sorry we were out last week end. Mail orders promptly tilled. ltd 10 days bonus . supply BAUROO PLACE MATS Decorotor Colors , PURSE BASKbfS Small six .";: to basket - to d0.tale match your outllt . METAL Pin l-roqs "4 For Better iVT 1 Floral Arrangements J29 impuy iiiieo. 2.98 From 254 ftDRIN 1-01. 98c "MODERN ELECTRIC Self Startlnt Wall Type KITCHEN CLOCK Choice of Red or White - One Year Guarantee $4.50 Value $298 Plus Tax it Value CELLULOSE HOUSEHOLD SPONGE 23c Vacuum Bottle Stopper Adjusts to tit any !i Pint -Pint or Quart Bottle IC Bet. 23 DOTTI 19' mm DENTAL CREAM 60t VALUE AIR FERN MIRACLE FERN THAT GROWS WITHOUT SOIL per bunch 49' TUBES t 944 VALUE CLEANS YOUR BREATH WHILE IT CLEANS YOUR TEETH! BUG BOMBS Quickly Kills Mosquitoes, Flies Gnats etc. And costs so little. Priced From 5c ,FcoRA7i5-" e . . ninv th food catcher SHOP PAYLESS AND SAVE CHAMBW 49c PAPER HEEDS ' That Save Work Money Kj 25 e Silk Ue Silk 29e Silk WAXED SANDWICH FACIAL PAPER BAGS TISSUE 125 Foot tt Count 400 Count 19c 7c 19c aMMfflBUIUXMIfffliTsTTflBBMWHM COST 0", COMB & DAP BRUSH S Bomt Plostic Sides ION PAlaf.iOLIVE or COLGATE SHAVING CREAM . , AT REGULAR PRICE 98c DIHWSOH DAP UHIRS (,0c fOKMULN 69c 39c PALMO LIVE LATHER COLGATE LATHER PALMOLIVE BRUSHLESS COLGATE BRUSHLESS jHAvme CKIAM tHAVIN aiM IHAVINO CSIAM fHAVINt CtlAM )1.00 WARRENS . KOROSEAL APRONS , Waitress Type Won't Crack Peal, Stick or Stiffen. With Pocket Decorated & Tinted TUMBLERS Big 9-oi. 10c Value 6 FOR 49c PILSNER Glasses Decorated Each Reg. $1 size now 'plUtM The fabulous luptMmootA. iflf lipstick that atari on... won't imear,.. won't dry lipit Juit imooth Permidlck on... lat it iat...then praii e tinue to your lips until ne color comti off. Then klw your boan or drink your coffee r eat an fkoune dinner... Ptrmaitlek will keep on look. Inc lorely for hourit Four Glsmonrons Tuny eel. on: Midniht, Midnight Pink, Contraband, Cardan Parly. Thla odor UMITID TIMS ONLY! ( i
