Social Security Tax Hikes Needed to Cover Future Costs
The piece argues that current 2 percent payroll deductions and employer contributions are insufficient to fund rising old age benefits. It notes a $7 billion actuarial deficit, a $11 billion reserve, and calls for higher tax rates and broader coverage to sustain the system, with proposals to double costs and add benefits for illness and disability. It cites Arthur J. Altmeyer and congressional action shaping future funding.
MENTIONED IN THIS ARTICLE
Seligee Ae North N Newspa Alliance
Wwashington
Truman
Social Security Administration
Congress
SSA
Arthur J. Aytmeyer
House
Ways and Means Committee
Altmeyer
Price of Farms Up 5 Percent in Year
The Agriculture Department reports Ohio farm land values rose 5 percent in the year ending March 1, 1949, beating the U S average of 3 percent but lagging behind Oklahoma, Louisiana, Arkansas and Nebraska. Ohio real estate now 141 percent above 1935 39 levels, with 11 states posting larger gains since World War II. The national index edged down for November March for the first time in 10 years, as fewer cash buyers and cautious lenders flag prospects for farm purchases.
MENTIONED IN THIS ARTICLE
Washington
Ohio
Agriculture Department
Oklahoma
Louisiana
Arkansas
Nebraska
United States
Kruger Elected President of Possibilities Unlimited in Cleveland
George J. Kruger, founder of the Cleveland nonprofit Possibilities Unlimited, was chosen as president. Russell K. Kriss, retiring president, was selected secretary-treasurer to guide the transition.
MENTIONED IN THIS ARTICLE
Cleveland
Possibilities Unlimited
George J. Kruger
Russell K. Kriss
Hi Y Club Babysitters Offer Free Service for Charity
Ten members of the McKinley High School Freshman Sophomore Hi Y Club volunteer as babysitters to donate their earnings to the YWCA building fund. Prospective clients may call Arnold VanWyel at 2-2791 to enlist an evening sitter.
MENTIONED IN THIS ARTICLE
McKinley High School
Arnold VanWyl
Rye first grown as a field crop in America in 1648
The record states that rye was first cultivated as a field crop in America in 1648 and identifies New England as the location of this early agricultural milestone.
MENTIONED IN THIS ARTICLE
America
New England
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