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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 24, 1963
Page
2
Kennedy outlines a phased tax cut totaling 10.2 billion as he argues lowers taxes will stimulate a sluggish economy. The plan lowers top brackets to 84.5 percent and reduces withholding, with full effects projected by 1965. Savings by income show substantial gains for middle and upper brackets while repealing the $50 dividend exclusion.
President Kennedy calls for corporate tax relief and expanded deductions to spur growth and offset revenue loss. He outlines lowering corporate rates to 22 percent on the first 25 000 and 30 percent above that, with surtax cuts phased in by 1965. The plan includes higher work family deductions, expanded child credits, and broader charitable and R D expense allowances.
The first annual meeting of United Community Service is tentatively scheduled for February 21 to elect permanent officers board members and standing committee chairs. The interim board reported six offices still lack nominees and a committee was appointed to finalize arrangements.
The four aid groups helped 1 682 individuals in 570 families. 273 families received toys through the Christmas toy project. A final bureau meeting is set for next week to prepare final reports. Executive Director Jay Hess noted UCS may evaluate Camp Good Health and reported on USO changes reducing future United Funds asks. Fred Cerny attended a St Louis conference on aging aid with Cedar Rapids delegates William Turner and Sister Mary Patrick.
MILAN AP Maria Callas, the famous opera soprano, returned home Wednesday night after undergoing hernia surgery at a clinic last week. She will rest and resume limited public appearances in the coming days.
A local want ad seeks capable workers for immediate hire. Employers advertise entry level roles across multiple shifts and emphasize reliable attendance, basic skills, and punctuality.
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