PAGE TWO Kennedy Bill To Stress Individual Tax Deductions WASHINGTON (AP) Sweep ing curtailment of individual de ductions will bite deeply into the income tax savings to be proposed by President Kennedy in his spe cial tax message to Congress. The changes, it was learned, will include an over-all limit on total personal deductions. This reportedly would cover charity contributions, interest paid, state and local-tax payments, casualty losses, and medical costs. OF THE $3.5 billion worth of revenue-raising reforms to be asked, close to $3 billion—or roughly 85 per cent—would come from the tightening of individual Shippers Accept Terms To Settle Dock Strike NEW YORK f/P) The New York Shipping Association yester day reluctantly accepted govern ment-outlined terms for ending a month-old dock strike, longest and costliest in Atlantic maritime history.- Losses to the industry alone were nearly three-quarters of a billion dollars. In Washington, President Ken nedy expressed gratification and a hope that other East and Gulf Coast employers quickly will fall in line with the peace .proposal to ensure a quick resumption of shipping. KENNEDY appointed a three man mediation board, headed by Sen. Wayne Morse, D-Orc., that worked out a 37 cents an hour settlement formula last Sunday. Although the panel’s findings were not binding, the President indicated he would ask for legis lative action if they were ignored. Now, said presidential press secretary Pierre Salinger, Ken nedy is hopeful he can report to Congress “the simple fact that the strike is over.” THE NATIONAL Association of Manufacturers, in its official publication, called the peace for PRINIING letterpress • Offset ' Commercial Printing 352 E. College AD 8-3025 '■':■?£--Llj JAMMY "The Dappers" feppa Si| House FRSOAY 9 P.M. -1 A.M. All Freshmen Welcome The MIDNIGHTERS are available for SORORITY pledge dances tlie weekend of March Ist and 2nd cocr-''"- fmibnities 00000000 $25 smmi $25 .TfilF SESSION i ‘/a h®nrs Confer Fiiusic! • Make Raymond AD 8-0954 THE DAILY COLLEGIAN. UNIVERSITY PARK. PENNSYLVANIA income tax rules, informed sources said. The clampdown would make important changes, it was under stood, in the tax treatment of capital gains, stock options, in heritances, dividend payments, and percentage depletion allow ances. HOWEVER, THE odds are high' in Washington that Congress will trim Kennedy’s tax reduction pro posals substantially and will make recommendations for revisions. The whole tentative package was received at the White House Monday from the Treasury, where officials worked on it through the mula “a bare-knuckled display of government power unsanctioned by law, the direct imposition of a settlement of the longshore strike.” The striking AFL-CIO Inter national Longshoremen’s Associa tion already, had accepted the governmental peace terms, sub ject to ratification by its mem bership. Dockers,from Maine to Virginia will vote on the peace pact to day and tomorrow, with a return to work in these ports possible by Friday. » Supplementing our regular daily menu are many of our regular and special Hot Plates, Pastries Sandwiches, and Drinks featured r It "It iastks better of Lorngf at The Corner" weekend. Final decisions on some points remain to be made by the President. Kennedy laid the program out at his regular Tuesday meeting with Democratic congressional leaders, and they said later it was the main topic at the White House breakfast session. “I think it is a good bill,” said Senate Democratic Leader Mike Mansfield of Montana, “and we all support it all the way.” ALL TAXPAYERS would come out well ahead because of the $3.5- billion reduction over three years in individual income and corpora tion tax rates which Kennedy has called the most urgent business before Congress this year.' ' But the $ll-billion saving ear marked for consumers, as a stim ulus to business, would be shrunk to about $8 billion if Congress ap proves the whole kit. French, German Treaty PARIS (ff)' — France and West Germany, long hereditary ene mies, yesterday signed a sweep ing treaty of cooperation designed to bind them into lasting friend ship and help-promote a united Europe. Their leaders hailed it with kisses. For Chancellor Konrad Ade nauer, still alert and erect at 87, it was a proud moment. Due to retire from power next fall, he is known to regard French-German partnership as the crowning achievement of his waning career. each day. Scranton Outlines Revamping Aims In Address to Stale Legislators HARRISBURG (AP) Gov. Scranton asked the 'legislature yesterday to join him in a “great adventure” revamping state gov ernment and its laws. Scranton proposed: • Legislation for a referendum of the people to decide whether a constitutional convention should be held to rewrite the state’s 88- year-old basic law. • Establishment of four new governmental agencies; a sepa rate department of mental health; a council of human services; a department of community devel opment, and a commission of pro fessional -affairs to supervise the state’s professional licensing agen cies. • Expanded provisions for medi cal care for the aged under the Kerr-Mills law, including: increas ed limits on assets that may be owned by a patient treated under the program; elimination of state liens against property to cover medical bills; determination of state aid eligibility in advance. '•A uniform civil' service act that would cover virtually, the entire state government to replace what Scranton termed a “be- Starts lONITE The Filmeb-As-It-Happesuep Story MRO wbninj - rMSffl Directed by Pierte-Dommlque Gatsseau, Assisted by Gerard Oelloye • Produced by Arthur Col [color | and Widescreen'* An EmbaVsy.Pictures Release WEDNESDAY, JANUARY 23, 1963 wildering hodge-podge of incon sistent statutory and executive programs.’!/ • Broad reform of the state's, bituminous mining laws, includ ing:. transfer of authority over strip mine law regulation from the mines department to the forest and waters department; increased bond posted by mine'operators; greater degree of backfilling than now required; limit the time dur ing which a strip mine could re main open. Scranton’s sweeping program was met with enthusiasm by most Democrats, who claime'd the gov ernor’s legislative program as their own. Republican legislators gave reserved—almost cool—sup port to the administration blue print. “He sounds like a Democrat to me,” said a smiling Sen. William J. Lane, D-Washington, Democrat whip. “Very revolutionary,” said Sen. George N. Wade, R-Cumberland. “Very challenging,” said Sen. James Berger, GOP floor leader. The comments of the lawmakers were typical of their respective parties. HELD OVER! SHE'LL ENTERTAIN YOU at 1:30-4:00-6:40-9:10 Complete Shows 7:10-9:00 P.M. Feature Begins 7:30-9:15 P.M. Wf. COLOR seven, men who one of the most ncredible sagas -- of our time I
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