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European Stars And Stripes Newspaper Archives Apr 18 1961, Page 2

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European Stars And Stripes (Newspaper) - April 18, 1961, Darmstadt, HesseFog. 2 ?iliw34 president to req Iest tax allowances for to Plant modernization Washington up presi Dent Kennedy will ask Congress thursday to raise taxes on dividend income and give businessmen tax break to encourage factory president s idea i to Foster improvement of America aging Industrial Plant through tax Sav Ings for businesses. Orders for new equipment were expected to create More jobs and make american fac tories More modern to compete with foreign proposed break was expected to Cost the government about 91 billion in . Kennedy will ask that this be offset by raising taxes on dividends and by withholding taxes on dividends and interest. The Spur for Plant modernization was devised by Stanley s. Surrey the Harvard Law protestor who has been nominated to be assistant Treasury Secretary stockholder allowance under his plan a firm which has averaged $50,000 in new machinery investments Over the past five years would be allowed to deduct from its taxes a certain Erren Lac of any machinery purchases Over 150,000.mr. Kennedy was expected to eel higher taxes on dividend and investment income through repeal of part of the special tax allow net s grunted stockholder in 1054, at present stockholders pay no1xe on their first s50 in dividends. They also May subtract from their taxes a sum equal to 4 per cent of do lends above $50. Twas not considered Likely that or. Kennedy will ask Congress to end the $50 exemption. A proposal to withhold taxes on dividend and interest income just As taxes lire withheld from salaries was approved by the House in 1050. But it was killed to the Senate. Or. Ken Nadji was expected to argue that withholding taxes on interest and dividend would bring the government and do tonal Revenue by obtaining taxes which individuals wilfully or Acci dentally fall to report " still under the matter of taxes on income from foreign investments. One possibility was that or. Kennedy would ask Congress to narrow or eliminate the present deferral of taxes on earnings left abroad one Compromise suggestion was to raise tuxes on income from prosperous Western Europe where . Investment is need a lost and thereby encourage investment in less developed countries. The object of whatever plan or Kennedy recommends would be to Clamp Down on tax havens or countries whore american con trolled firms Are taxed lightly or not at nil by foreign govern ments. The president s message wait expected to nay Little about the thorny Issue of the 27 a per cent Oil depletion allow once. Stars Darmstadt Sas rho of Stern and up birth any no Nilor to 160,000 newspapers. And the Middle the in Darmstadt. Front Washington d.o., to Istanbul involved in distributing each edition y " who Lac the official birthday is Only Munger 10 it stars1 actually appeared in Rutho first41hfdurlnir,"rtheicjvm .11 r,.,".1 to firsts Rise to of we if�.4ii Elf it literary giants As Alexander Wolcott and in rold j the staffer. 4 Fiffy inv " " a the new paper wait but in Mothballs in Al. Resumed Early during world War ii Arief Europe nedl Tion ii published Continuo uhly since thai time the tool flip edition is Noi connected r._., a Ter the War receives no appropriations from the Federal Goy Romei it re a of Malax Linen and books at the stripes Newsstands and profits from Job printing make it possible to publish the a per. Surplus fun Are turned Over to the Central. Welfare i und each year ten Touhl that time. The win Chalfy an edition Orst drs Iuppo earthquake rallies Utah Valley area Manti. Utah 41 27 m m 14 12 Welch declares Russ would not engage in War Dallas Tex. Up Robert Welch founder and chairman of the Ultra conservative John Birch society sold Here that no earthly Power could pull Russia into War with the United states because the .s.r. Is confident it can Winthe cold War by internal subvert Sion. See Pae 7j Welch brought his southwestern tour to Del Lam after a speech at Amarillo Tex. In which he said 7.000 protest not ministers were communists or communist sym Paul Iii re. Two television cameramen re ported that Birch society members roughed them up and broke attachments on their cameras. Welch said the claim that he called former president Eisenhower a dedicated communist agent amounted to unethical journal he sold he made the statement in a personal letter to a Friend. Welch said that because the Letterman supposed to be confidential to did not take As much care As he would have because this per Sonal letter was not supposed to to a Public Welch sold quotations take from the letter and attributed to him amounted to unethical journalism and violation of his personal property rights. Ends rebellion Over Seal Mcdonald Gourvey Cess onlust movement has suddenly become Incontro veraval. Presl Dorit a u Mcgowan in announcing Resaun of a meeting of the territorial legislators said. The rebellion is Are no longer taking Steps toward secession from the stat of Missouri however we Are main Taining our territorial govern ment Mcgown i sold we Tad some people worried about their old age pensions and other state and Federal old to Weill recall our actions,11 the presi Dent said. All not lot and All is not lost since the also voted to retain the provisional government and the Multi tude of titles it produced. Still what can a Mere title mean to a Man who was a real president for a week even in a territory containing a total of 14,000 citizens rather Hulf heart Telly Mcgowan added the chamber of Commer Ceat Noel will handle passports for Mcdonald terry., in county county residents started these cession move after the state High Way department left Mcdonald resort spots off the official map s vacant Lowland in the Days that followed the Missouri legislature Arkansas gov. Orval i. Faubus and a Cher Okee Indian All cast covetous Eye sat the new territory Europe Pat boosts Campaign to provide More scholarships garm1sch, Germany special the president of the european Congress of american parents and teachers Molny declared that the organization will boost its efforts to provide More University scholarships for the most Brilliant sons Ami daughters of military families. A Gordon Smock principal of the Hamlein air benue schools who has just returned from a visit to Russia sold because military families no so migratory their children cannot compete effectively for the Ronny scholarships available to Moro slab communities Buck 2rent potential yet he said because they have seen so much of the world and have become so proficient in Learnt no foreign languages they no potentially some of our Best scholars Imd Fetcie nuts and states men Smock wan Here monday to at tend the organization four Day conference which opens tuesday. Smock said gifted children of military parents must be Given every Opportunity to realize their full potential to the Benefit of the nation. More than 400 delegates were arriving hero monday from Iso local Pat groups in Italy France Germany the United kingdom ice land Norway Spain Morocco Turkey the Netherlands eth Opla Libya and Greece. Plop i feels Lii at . -w0ul-a-i King who May or a on hts throne a c hotel room Oft the where he lives. Leka i of Albania the "throne1 Whiate King zog Ere which the common isl after work War delegates to the european Oon Grem of Amerl teacher Register for the Orgun Fotiou s foul an Lmh Germany. Left to irl Ghat mrs. William-4 Alcor president Stuttgart t maj Samuel l. Crook Heidelberg and j. Gordon Stotik president r

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