Newspaper Page Text
Ford’s SS tax hike
under severe attack
WASHINGTON (UPI) -
President Ford’s request to
Congress for election-year in
creases in Social Security taxes
and a boost in the Medicare
costs paid by elderly and
disabled Americans was under
attack before it left his desk.
In his first special message to
Congress this year, Ford said
Monday his Medicare plan
would protect the aged and
disabled under Medicare
against “catastrophic” medical
costs, and the Social Security
tax rise would protect the
system’s financial status.
While Ford was making his
appeal at a ceremony in the
White House Oval Office, the
previously unveiled Medicare
plan was being attacked at a
House Ways and Means sub
committee hearing which con
tinues today.
“...It appears to us as an
obvious political maneuver to
win favor with the high income
elderly in presidential primar
ies at the expense of the
nation’s elderly poor and sick,”
said Bert Seidman, director of
H For Your Pleasure...
jQDI
KATWiatIW
A HMJWAiIIS f rUwtus
(...amt OMtafy)
• MAR AIIIFBSA ■■
Held Over Nightly 7-8 P.M. PARKWOOD CINEMA II
□
Uj. LEON BATES REALTY gjT
WLALIVK 420 WEST SLATON STREET
GRIFFIN, GEORGIA 30223
LEON BATES Phones: 227-2187
BROKER Night Ph. 228-1702
LET HOUSE CUT TAX BILL
Your home should be,
besides your nest of dreams,
an income tax saver. From
the moment you take title to
the day you turn over the key
to the next inhabitants, you
are endowed with
opportunities to minimize
your tax bill.
While you own the home,
your two major annual
deductions are property
taxes and interest on the
mortgage. These can be
considerable deductions.
Keep in mind that it
doesn’t matter whether you
pay property taxes directly.
HARDY’S HOMES, IHC.
Mayhill Homes
Exclusive Representative In This Area
j —— ~t ~~r n
r „ - • ■ haih
srowi i
•I v .
I -in —— MASIfRWnRIjnM
' *' ~"‘r .--J ■ p
i / . .-9J&L... I uiuty
1 JA /J M
-n- ; haii I | CIOM . I
kJ 1 —
IMNCRIIAf j
L. _ a__L _| J
RICH
FLOOR PLAN 9-24
Completely Ready To Move Into
As Low As
’16,300°“
On your lot or we will help you select a lot.
Many floor plans to choose from, even your own.
Farm Home, VA, FHA & Conv. financing arranged.
FOR MORE INFORMATION
CALL
JIM HARDY
228-3210 228-0369
the AFL-CIO Social Security
department.
Ford said his proposals are
aimed at “helping all Ameri
cans to live in dignity, security
and good health.”
The Social Security proposal
also drew sharp criticism from
some congressional Democrats
after it was proposed by Ford
in his State of the Union and
budget messages.
It would increase payroll
taxes by three-tenths of one per
cent each for workers and their
bosses to shore up the system’s
dwindling reserves, estimated
by some experts to be in
danger of running out by 1980.
Ford said the tax increase,
which he wants to make
effective next Jan. 1, is
necessary because benefit pay
ments are increasing faster
than revenues. Under his plan,
the tax would increase from
5.85 per cent to 6.15 per cent.
Proponents of dipping into
general revenues to help
finance the retirement system
include some Democratic mem
bers of Congress, who want to
or through an escrow
account held by the bank. In
either case, you deduct the
sum actually paid to the
local taxing authority.
Also, using part of your
home for business purposes
constitutes a deduction for
that portion of the home
expenses used for the
business. It is based on the
square footage of space used
for business.
SELLING OR
BUYING A HOUSE?
Need financing information?
Call LEON BATES
REALTY. No obUgation. 227-
2187.
remove pressure from the
Social Security tax, and the
AFL-CIO.
The administration does not
favor even limited use of
general revenues. Also favored
by some Democrats is increas
ing the taxable base, which
would increase the burden on
higher income workers. In
creases in the tax rate affect
all wage earners.
Ford’s Medicare plan is
intended to assure that no aged
recipient pays more than SSOO a
year for hospital or nursing
home bills, nor $250 for doctor
bills. The plan is expected to
benefit 3 million persons whose
bills would exceed these
amounts in 1977.
However, by the administra
tion’s own estimates, Ford’s
plan also would require all 25
million Medicare beneficiaries
next year to pay additional out
of-pocket costs of $1.3 billion to
cover more routine hospital and
doctor services.
F owler
suggests
tax vote
ATLANTA (UPI) - Atlanta
City Council President Wyche
Fowler called Monday for a
May 4 referendum on a 1 per
cent sales tax which would
reduce property taxes in
Atlanta by $25 million in 1978.
“Many of us are concerned
about bringing middle-income
people back into the city and
reducing property taxes,”
Fowler said. He said the new
tax “would break the self
defeating cycle of people
moving out of the city because
high taxes have driven them
out, which forces us to raise
taxes further.”
newsj
Favor reduction
ATLANTA (UPI) — The criminal law section of the
Atlanta Bar Association favors a reduction of state
penalities for the possession of an ounce or less of
marijuana.
“As criminal attorneys, we see at first hand the trauma
undergone by young people who have no criminal
incliniations and whose only crime is to smoke or possess
a small amount of majijuana,” Rees. R. Smith, chairman
of the section, said Monday.
Smith said a poll of the bar’s criminal law section
showed 69 per cent favor decriminalization, 29 per cent
are opposed and 2 per cent have no opinion.
Passenger miles up
ATLANTA (UPI) — Southern Airways, Inc., reports
January revenue passenger miles rose 14.4 per cent over
January, 1975, when the recession was limiting air travel.
The Atlanta-baced carrier Monday said revenue
passenger miles were 72 million last month against 63
million the same time last year.
The load factor also improved, the airline said, rising
from 42.4 per cent to 48.3 per cent, and the number of
passengers boarded was up 11.7 per cent.
Whitmire’s Is Best for Diamonds
.AQeautitul (Bay
«A.
Your Valentine
B.
Dress up her diamond with a new setting that
will mark that special date. 14 karat.
107 SOUTH HILL. STREET
GRIFFIN. GEORGIA J*
8L..-* zIIF
J
•. , -» „ t ML a
■ml k J
IF MUSIC can soothe voting as well as savage beasts, Sen.
Robert Byrd may turn out to be a real charmer of a
presidential candidate. The West Virginia Democrat
warns, however, that he is serious about “everything I do
except when I play the violin.”
Social Security
Will it go broke?
By KATE MCLAURIN
Griffin Social Security Office
The number of attacks on the
Social Security system in the
United States in the last 18
months is without precedent.
Some of the attacks have been
extremist and, to the extent that
they needlessly frighten the
elderly, irresponsible.
But much of the discussion of
the last year has been neither
extreme nor irresponsible. It
has come from those who
genuinely care about the
program, people deeply con
cerned about the system’s
ability to pay benefits in the
future.
The central question is this:
Will Social Security go broke?
Social Security in 1976 is
paying out more than it’s taking
in. This year’s deficit in its
monthly cash benefit programs
old-age, survivors and
disability insurance — will run
an estimated 5.4 billion dollars.
As the law is presently
written, outgo is expected to
exceed income every year in the
future. The current estimate is
that the old-age and survivors
trust fund will be exhausted in
1983 and the disability trust fund
in 1980.
These programs have even
more serious financial
problems when projected over
the next 75 years. In the first 25
of these years (until the turn of
the century) the deficit is
relatively small. But in the 50
years thereafter, from the year
2000 to 2049, it will reach much
larger proportions.
Does all this mean that the
program will be forced to stop
paying benefits?
The answer is of enormous
import to the economy and the
nation as a whole since Social
Security is paying $72 million in
benefits of all types this year
alone. It is of critical im-
— .... ■■
I WHY PAY MORE? O* I
I TOP DUALITY HOME FURNISHINGS IM I
I AND I
I TRUE DISCOUNT PRICES! Furniture I
With Love
Our Low Overhead, ... ...... ..
C . 61 « . Aax, . ALL HOME FURNISHINGS
Selective Buying And Volume
Sales Mean Fabulous Discounts /
And Savings For Youl H /
| SHOP! COMPARE! |/9 OFF |
Price for Price - Quality for Quality yf
— Your Best Buy in Griffin. •
| SALE CONTINUES I
■HmHB .Jm | X| .
r £ I fe
A***.. 111 11 • V’WMI ■
| COLONIAL SOFA AND CHAIR - 00 I
I CARE-FREE HERCULON. COMPARE AT $429.95 - BOTH FOR JKi I O I
: These Are Not Special Purchase Items Or Hard Stock. :
New Merchandise Arriving Weekly At Sale Prices.
| PLOVER REAL SAVINGS |
f ( v ■ I JI] dIIh iI ] iTeTZTH PARKING
rediscover in
| LOT 9 I
Page 7
SAN FRANCISCO VDENVERI
T J-Z. 1 #
LOWEST TIMPfEATUIES \
32 7 W ORLE ANS MIAMI
\V7vA—' r—
\j V Rj/JSHOWfES now
UPI WE AIHf t FOIOTAcr ® *
FORECAST FOR GRIFFIN AREA—Warmer through Wednesday with mostly sunny skies
and fair tonight. Low tonight in the upper 40s and high Wednesday near 70.
portance also to the program’s
more than 31 million
beneficiaries of all ages, in
cluding not only many millions
of elderly persons, but also the
nearly 5 million under 22 years
of age, many of them college
students, who get benefits
because they are the children of
workers who have died, become
disabled or retired.
Many of the nation’s leading
newspapers and magazines
have taken a hard look at the
financial future of the program
in the last year. While not all
were reassured by their fin
dings, most concluded that the
system’s financial condition is
not cause for alarm even though
it is a matter of serious concern.
They found that congressional
action is needed in the next year
or two, but that the problems
are manageable.
— Griffin Daily News Tuesday, February 10,1976
The Adventures of the
WILDERNESS
/ FAMILY
iShr. si
/ /fl wJW J
stmnt ROBERT F. LOGAN • SUSAN DAM ANTE SHAW»«««.., HOLLYE HOLMES.< ham LARSEN
Produced by ARTHUR R DUBS Directed Dy STEWART RATFILL Title Songs Performed try LEE DRESSER
A PACIFIC INTERNATIONAL ENTERPRISES INC RELEASE Color by CFI
2nd Week
PARKWOOD CINEMA I
New Showtimes
Sat. & Sun. 6-8-10 P.M. - Weekdays M P.M.
>/
ON/
30.0 X)