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
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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
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Directed by Pierte-Dommlque Gatsseau,
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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.
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