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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 12, 1964
Page
3
A compact Journal excerpt cites Rudyard Kipling saying only the Master praises and blames, no one works for money or fame, but for joy, each drawing the Thing as seen, in his own star, by the God of things as They Are.
The Supreme Court upheld a lower ruling that blocks enforcing the Internal Security Act of 1950 unless a party volunteer can be proved to risk self incrimination. Gus Hall leads the Communist Party in the United States, warning it may push for broader provisions to be struck down. The decision shifts burden to the government to prove existence of a willing volunteer to register.
One fifth of American families report income of 10000 dollars or more a year and must file revised earnings estimates by June 15 midnight. For those in the 10000+ bracket, quarterly payments must be within 70 percent of the end of quarter tax due. April estimates within margin avoid revision. A shift in tax table and withholding under February’s tax cut may lower payments. penalties include 0.5 percent interest on shortfall. Check with an accountant or the Internal Revenue Service.
A financial overview notes excise taxes from WWII through the Korean War linger longer than intended. Mills and Johnson back a year long study with 1966 action eyed, excluding fuel and highway levies. Talks consider repeal or modification of liquor tobacco taxes, luxury items, and various consumer and manufacturing levies as a path to future tax relief.
Washington reports a sustained rise in the peacetime expansion with strong gains in industry and employment. An $11.5 billion tax cut appears to boost activity as April and May show higher industrial output and a jobless rate of 5.1 percent, while autos face looming contract talks and inflation remains a concern.
Washington AP reports Gov. Scranton may run for the Republican presidential nomination as Goldwater strengthens the field. Rockefeller seeks an open convention and Romney wavering complicate a party already divided. Romney resists Nixon’s call to oppose Goldwater while Scranton signals mixed signals on candidacy.
Notes on the 1964 GOP contest show Nixon’s interest in a possible compromise bid while denying candidacy. He hints at Scranton as a potential VP pick for Goldwater, as Eisenhower weighs in. The scene edges toward political chaos with Goldwater watching the spectacle.
An old trolley car now moving from New Orleans to High Point amid a push to restore Canal Street service via a public referendum. Streetcars Desired Inc seeks storage, while NOPSI plans to strip the St Charles line for scrap, with eight cars sent to museums nationwide.
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