Friday, October 16, 1971
THE NEW BERN MIRROR, NEW BERN, N. C.
Page Seven
Washington Report
— By —
CONGRESSMAN WALTER B. JONES
The most important
legislation considered last week
was the House approval of the
Ways and Means Committee
legislation revising the present
income tax laws.
Part of this was recom
mended by the President, but
much of it was brought about
under the able leadership of
Committee Chairman, Wilbur
Mills. Some of the revisions are
as follows;
The present $650 exemption
for each member of a famUy
will increase to $675 this year,
and to $750 next year. Also, the
bill provides for taxpayers who
do not itemize deductions to
deduct 13 percent of gross
BEASLEY-Kl^ ^
(tUocui/ai'
MWMU - «Miro«
‘TiHyiCS-SAVINOS"
310 Bread Streel-«37.2I31
ESSOTANE
GAS SERVICE
FOR
COOKING, HOT WATIR
B HEATING
•
TANKS FURNISHED FREE
Scott Gas Co.
221 Middle-Ph. 637-3179
(Product Humble Oil Co.)
Ben Moore's
Shell Station
900 GEORGE ST
McCroary New Tirea
WASH - GREASE -
OILS - X TIRES
GUARANTEED RECAPS
PRICED TO SELL
We Appreciate
Your Business.
— Ben & Doris
OFFICE 63B-3S86
adjusted income up to a
maximum of $1,500.
Next year it will go to 15
percent with a maximum of
$2,000. Other changes are that in
1972 a single person will not
have to pay taxes on income up
to $2,050.
other examples are that a
family of five will not have to
pay income tax up to $5,050, and
a family of six, up to ^,800.
The 7 percent excise tax m
cars was removed, and will be
retroactive to August 15. We
also eliminated the 10 percent
excise tax on trucks under
10,000 pounds.
Hie bUl also restores an in
vestment credit tax of 7 percent
for the cost of new machinery
and equipment from the income
tax vdiich would otherwise be
owed.
The l^islation is expected to
reduce tax liabUities about $1.7
billion in the calendar year
1971; $7.8 billion in 1972, and $6
billion in 1973.
Of course, the Senate in all
probabUity will change some of
the provisions at a later date.
Much debate resulted from a
resolution which would have
disapproved the Presidential
veto in postponing federal
employees and the military pay
increases until July 1,1972. The
flnal vote on this resolution was
174 to 207.
I was the only member of the
North Carolina delegation who
voted for the military and the
federal employees to receive
this promised pay increase on
January 1 rather than six
months later.
My vote was based on the fact
that the Congress, prior to the
wage-price freeze had enacted
these pay increases and the
President had singed the bill.
Therefore, the increases were
authorized before the fact of the
freeze and not after the fact.
Quality Shoe
Repairing at
Reasonable Prices
IDEAL
SHOE SHOP
JOE HATEM, Prop.
903 Broad Street
ME 7-5011
HOME 637.420S
^im ^^ndrewi
REALTOR
P. O. BOX 2742
NEW BERN. N. C. 28S60
HWY. 70 WEST
Across from Berne Restaurant
CAROLiNA OIL &
DISTRIBUTING CO.
union
PRODUCTS
FOR YOUR CAR, TRUCK,
HOME & FARM
MIRROR MIRTH
it’s friendliness or time for the
fight to start.
Hie trouble with those “How
to Succeed’’ books is that you
find out from them you have to
work for it.
College football makes
spectators stronger physically.
You can’t spend three hours
seated on cold concrete, eating
a cold hot dog and peanuts, and
be a weakling.
The fun of gossiping at a
social gathering is ruined the
moment you’re aware that
everybody who was invited has
shown up.
In a lot of cases, it isn’t the
hi^ cost of living that bothers
us, but the cost of high living.
Marriage entitles women to
the protection of strong men to
hold stepladders for them while
they paint the ceiling.
One of the things a small boy
refuses to believe is that his
teacher is just as glad as he is to
see vacation coming.
A radio announcer has to be
quick on the trigger, in order to
get the commercial in before
the listener can change stations.
'Hie war in Vietnam won’t be
all bad, if after it is over there
are fewer generals than usual
who write their memories.
Don’t take at face value the
fellow who goes around
bragging that he is 100 percent
'Hiis is similar to the condition
in which the North Carolina
teaching profession finds itself,
as the General Assembly
sometime last Spring voted an
increase for the coming school
year and under North Carolina
law, all teacher contracts were
signed on July 15.
Here again, I feel and have so
stated, that they should be
permitted to receive this in
crease at the present time. On
the other hand, any
Congressional or legislative
action taken on pay increases
which occured after August 15,
should be treated as under the
“freeze.’’
Also during the week, the
Nixon Administration an
nounced that they would not
withhold appropriated monies
for the free school lunch
program, and that they will
fund the free or reduced price
lunch program for the needy to
45 cents. At the same time, they
tightened eligibility standard
which will eliminate ap
proximately million children
from the program.
AUL-SEASON
AIR CONDITIONING
warms or cools at a touch!
^he S. B. Parkei^
Company
1104 National Avenue
ME 7-3397
L Lennox Comfort
Craftsmen
Your certified Lennox
dejlor-expcrt
American. He probably made
the appraisal himself.
Always keep in mind the fact
that a compliment doesn’t have
to be true to be gratefully
received.
Sir Isaac Newton wasn’t the
first man to discover the law of
gravity. The idea occurred
initially to a guy when his
suspenders busted.
The biggest fault that the
Communists find with us is our
determination not to let them
rest peacefully.
Why is it that with more and
more people graduating from
college, there are fewer people
who can read traffic signs?
When two diplomats shake
hands, you can’t tell whether
Kenneth Morris
INSURANCE
A
INVESTMENTS
301 Pollock St.
Dial 638-4141
IF YOUR
CLOTHES
ARE WORTH
BUYING,
THEY DESERVE
NEW BERN'S
FINEST CLEANING.
GLam-OmMIA
FIRMS YOU CAN DEPEND ON—
MIW tllN. HOITN CA«OLINA lISM
133 flA3T ST- FHONC MC 7-300D
^ fictile c/^tjiaix & EifiUjimait
HIW mN, NOftTN CAtOUNA
PHONE ME 7 SS61
whsf makes if fasfe so good?'
AMHOtirr Of MM €OCAOU OOMMNV »V
New BERN Coca-Cola Bottling WorkS) Inc.
NEW BERN, N. C.
PERFECT SYLVANIA COLOR TV SET FOR THE BEDROOM OR
ANY ROOM IN YOUR HOMEI Sylvania color bright 85® pic
ture tube has 165 sq. in. viewable area (19" diag. meas.). This
model features a "cool running" Gibraltar chassis for re
liable performance. AFC ensures a perfectly tuned picture at
the touch of a button. Excellent sound for a 5" oval speaker.
Deluxe Walnut grained vinyl-on-wood composition cabinet.
Roll-about cart or bedroom stand optional, extra. Sylvania
model CX78W.
OeiKr RECEPTION SIMULATED
x^JlJJLY IM—Trojemork Sylvor»-o E^cc»*'c
Wyatt*s Electronics
517 GEORGE
NEW BERN