Newspapers / Watauga Democrat (Boone, N.C.) / April 25, 1957, edition 1 / Page 13
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Washington News I Washington, D. C. — Despite President Eisenhower's increasing prodding, Congress isn't getting very excited over the Administra lion's controversial proposals and the two big topics among many lawmakers are economy and pos sible tax cuts. The American people, taxed very heavily during the war in Korea, and taill taxed heavily be cause those war rates still apply, to a Urge extent, are growing restive under the burden, as state and local taxes in most parts of the country rise—adding to the total tax load. As a result all sorts of tax re duction plans are being offered in Congress. The usual proposals to grant every taxpayer larger per sonal exemptions is found to have many backers. Then there are those who favor a certain percent age cut all down the line. The man who pays $100,000 would save $5,000 if the percentage slice was five percent while the man who pays $900 ttx would save $2S. But the most interesting of the tax proposals which seem to be getting support on the Hill is one which would return tax rates to pre-Korean levels. This is thought to be fair by many because it would take the same emergency taxes'of fthat Congress felt were strictly emergency levies. It would give everyone some aid and re turn the tax structure to the status-quo of 1950. This proposal would cost the government an estimated $5,000, 000,000, maybe a little less, but official estimates (how that the government expect* to earn a sur plua of 1-7 billions in the year ending June 30th. For the year ending last June 30th (IMS) the government managed a surplu* of 1.6 billions For the year ending next /une 30th (ISM) the government fore cast U for a surplus of It billion*. Added together, the surplui total* S.1 billion*. But ther* are two catches. If tax/* are reduced a* of January lit. ISM, then the sur plu* for the year ending June 30th, laSS, might not be l.« bil lion*. (However, if business con tinue* to be good. It might be more, or if Cong res* trim* thi* year'* budget requests and next year'*, the surplu* might actually be much more.) Alio, if taxes are returned to the prewar rate, the SS.000.000.000 reduction would be a permanent thing and the budget would have to be reduced enough, and collec tion* increased enough, to make up for the five-billion-dollar dif ference year after year. It could be that Congresa will whittle a couple of billion* of fthe budget; and that collection* will be up by more than a billion over the esti mates, making po**ible the big tax relief permanently. To make thi* pouible, a surplu* of approximately <3.000,000.000 will probably have to be realized in fiscal 1958 That would be \2 billion more than the official esti mate. Many Congressmen believe this i* highly probable. If taxes are cut this year, take Councill Realty Co. 503 E. Howard Street — Phone AM 4-S970 or 4-3206 1—Extra nice three bedroom house located in one of the best sectiotii of Boone on a very large lot with trees and a stream in the back of lot. 2—Five room frame house, well located with 130 feet of front age. All for $8,500. 3—Forty acres of land—some grazing and some timber—located at Foscoe. $109.00 per acre. About half can be cultivated. 4—Three bedroom frame house located very near college. This house is insulated and has storm windows. It has steam heat oil fired furnace. Most economical house to Heat I know of. Can have 179 foot frontage. 5—Small farm with six room cedar shingle house with modern conveniences. Also barn and other outbuildings. Several i springs en place and froatina^bqr jMeat C*mp Cfeek. Lake could be constructed easily. 6—FORTY-SEVEN LOTS IN CITY LIMITS OF BOONE— . $123.00 to $200.00 each. Come look at them and take your pick. 7—Large stone house containing large living quarters plus four apartments. Nice grounds and excellent view. This is reasonably priced too. You must see it to appreciate it. 8—Beautiful brick home. Ten rooms and two tile baths. Nice gardens and grounds. This beautiful home is located in one of Boone's best residential sections. Com* see these and other outstanding real estate buys. No high pressure—you will sell yourself on these values. sfcM next aJmiary 1st, cbaaeei art the tax reduction mentioned above win not be voted. If, how ever, the Ux cut* wait until next apring. and are made retroactive or to tain effect at a later date, the bigger Ux cut might be pot sibto. The beet guess la that Demo erata will probably push one of the • mailer cut plana this year, to get credit for reducing taxes with the voter. Democrata aay the President will call for a tax re duction in next January's recom mended legislation They don't want the Republican to bag the credit that election year Republicans believe the eco nomy ia the main desire of many voters at this time too. They would probably hesitate to fight a tax reduction proposal that aeemed to have a good chance of adoption or planning his proposal to Congreaa to time with an election year. And they point out that it is surpluses realized by the Eisen hower Administration which are making possible talk of tax cuts by Democrats now—surpluses for last year .this year, and next year. This is what they are sure to tell the voter next year in campaigns. The key to tax cuts might be the extent of the cut in the pro posed 71.8 billion budget now be ing debated in Congress. If Con gress whacks this by several bil lions, then substantial cuts can probably be anticipated. But if the cut for the coming fiscal year is not more than a billion dollars, the tax cut, if voted this year, will certainly be moderate. Dairymen Talk To Farmers John F. Brown and T. Carlton Blalock, both dairy specialists, pointed out the advantages of in creased production per cow at the dairy meeting April 18. They gave as an example the herd of John M. Waldroup, Clay County. In 1049 Waldroup production per cow was approximately 900 pounds per cow; in 1054, it was more than 11,000 pounds per cow and his income had increased also. They gave credit for the increase to better management and use of the artifi cial breeding program. We believe that Watauga farmers can do as well as Mr. Waldroup, if they real ly try. Mr. Roy Vines won the heifer given away as a door prize by the Watauga Cooperative Breeding Aa tociation. Many other door prises were donated by merchants and firms doing business in Watauga county. SAL* VACCINE Basil O'Connor, president. Na tional Foundation for Infantile Paralysis, has announced the pre ■ent temporary shortage of Salk polio vaccine is not cause for ilarm. He added that estimates in dicate enough vaccine will be re eased between now and June 30 to provide two shots to all persons 10 and under who want them. April i* the month the breakfast canal and dairy industries an sponsoring the Fourth Annual Spring Cereal and Milk Festival to promote the food value of canal and mlllc. "You never outgrow your need for cereal and milk" U the theme of thia festival. A nation-wide survey found that almost half of the adult popu lation seldom or aever drink milk, one of tha richest sou roes of calcium. In addition to calcium, the canal aad milk serving provide* top-quality protein, quickly available food energy, essential II complex vitamins, and tha minerals Iron and phosphorus. Recent research found that on tha average, tha adults observed consumed five ounces of milk par cereal serving. Thus cereal becomes an important milk carrier, especially for adults. The ingredient use of canal and milk is another way to include this valuable team in the daily diet. Kntnea, muffins, bnada, confections, and desserts can all be made with eenal and milk ns ingredients. Chocolate Peppermint Pie with Corn Flake Marsh mallow Crust 1« a delicious way to include cereal and milk in the dally diet. Chocolate Peppermint Pie with No Bake Car* Flake Manhssallaw Crust 2 tablespoons butter 1 pint chocolate Ice cream 1 % cups marsh mallow cnme 1 pint peppermint stick or teaspoon salt mint Ice cnam 3 cups corn flakes, pre- H cup chopped peppermint sweetened or regular candy Combine butter, marshmallow cnme, and salt In large pan. Place over low heat. Stir constantly until mixtun is smooth and hot. Add corn flakes; stir carefully until all cenal flakes are coated. Press mixture gently over aides and bottom of buttered 9-Inch pie pan. Chill. Fill with a layer of chocolate ice cnam, top with a layer of peppermint stick or mint Ice cnam. Smooth top. Place In freezer to become firm. Gamish top with chopped peppermint stick candy. TIeld: 8 servings. Note: JhU ice cnam pie can be served without freeting. Attends Rites For W. F. Harris Mrs. Arthurine Burgin of Boone attended funeral services of a brother, W. F. Harris, age 44, who died in Chicago, Illinois Wednesday, April 10th from heart surgery. His body arrived in Henderson vilIe~Sundayt April 14th. Funeral service* were held Monday, April ISth at 2:00 p. m. at Mt. Zion Methodist Church in Skyland, N. C. Burial wraa in the church ceme tery. * Treat cows gently and get all their milk. Oil Information Is Brought To Students Education*! materials which are offered free to secondary schools in this ares will be shown to many educators within the next week by Watauga county members of the OU Information Committee. Mr E. L Hal lard, a member of tbe N. C. 'Flying Squadron', met with local oil men April 17 at Boone to outline tbe new, up-to date American Petroleum Insti tute educational items. Also at the meeting Mr. Johnny Cuuncill was appointed county vice chairman in charge of the school program. The API's Petroleum School Series covers every phase of the oil industry. The materials offered, which are non-commercial, have been prepared in accordance with the advice of educators to con form to standard courses. They are supplied in classroom quantities to the students free; free referen ces and materials are also provid ed the teacher. "This educator-approved mater ial was used in eight schools in Watauga County during the 1896 57 school year. However, the Com mittee now has updated booklets and films which It wishes to show all schools," Alton Batts County Chairman for the Oil Information NOT SO INTERESTING Grand Rapids, Mich.—A tele phone conversation between two women ended abruptly—one of the women, Mrs. Nancy A. Scott', fell asleep. Mrs. Roland R. Urban, who had been talking with Mrs. Scott, became alarmed and notifi ed police, who found Mrs. 8cott sound asleep at the telephone. She explained that she had spent sev eral nights without sleep with a sick daughter and was suddenly overcome by sleep during the con versation. Grower prices for soybeans will probably continue around present levels for the remainder of the year. Committee nld "By providing this service to our K-hoolt, we hope to provide up-to-date, unbiased information ■bout the oil industry and to ox plain the industry's role in Amer ican society," he continued. "It In cludes booklets, wall charts, color ad film strips, movies, industry tours, essay guides, speakers and many other items of value to the student." The Series was developed ss the result of an extensive study made among key educators and school administrators who indicated that there wa^a need for such infor mation. John Moody Joins Navy Raleigh—John Walter Moody, 18, son of Mrs Ainu Moody >f Blowing Rock, recently enlisted in the U. S. Navy. He is a former stu dent of Blowing Rock High School and was employed by the Kent Coffey Furniture Factory. gj.-;* The new bluejacket will recaivc indoctrination at the U. 8. Naval Training Center. Great Lakes. Illinois. This training includes in structions In vital basic phases at Navy life, such as seamanship, or dnance and gunnery, shipboard and military drills, communlca-l lions, and self-preservation. According to the local Navy Re cruiting office he will return borne on a 14 day leave prior to. reporting to his first duty station. DEMOCRAT ADS PAY
Watauga Democrat (Boone, N.C.)
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April 25, 1957, edition 1
13
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