* T*^. TSamis KSI35:-5i^
i35i.C!Kef®S$^?i'£"ERVlC3, I’jG.
l^gy' ^fW A'JTEI 07305
NEW YORK, NY 10016
GREETINGS
THE BETTER WE KNOW US ...
TAX REFORM: The Battleground of the Movement of the Seventies by The Honorable Walter E.
“THE BETTER WE KNOW US” is
proud to publish the speech given by the
Honorable Walter E. Faun troy of
Washington, D.C., in Salisbury, NX. on
Friday, Demember 5, 1975.
Oh, I wish I had the time to outline for
you the incredible loopholes that have
been created to allow this one percent of
the people to get away with $77 billion a
year of our tax money: The foreign
investment tax shelters with their
one-room subsidiary offices in corporate
tax-free little nations around the world; te
foreign tax credit sham, the domestic
international sales corporations or DISC
law; the American-owned foreign-char-
tered shipping ventures that make
billionaires of citizens who pay no taxes
to any country anywhere in the world.
Suffice it to say that it is not right that
the wealthy few should walk off with $77
billion in Federal funds a vear while the
Congressman Fauntroy, formerly a top
aide to the late Dr. Martin Luther King,
Jr. was the guest speaker for a banquet
held by the Association of Progressive
Black Democrats of North Carolina’s 8th
unmonied many bear the
financing an annual Federal budget of
$230 billion. It’s not right. Not when the
noted Brookings Institution economist
Alice Rivlin suggests that with a net
increase of $35 billion dollars a year we
could house the low income families of
our nation; fund a health manpower,
health research and health insurance
system in our nation that would meet the
needs of all our poor and elderly citizens,
create jobs for our 5 million unemployed
and train less skilled people to fill them;
and above all increase substantially our
spending for the public education of those
in need at every level from pre-school
through college. This system is not right
Congressional District.
Listed among many of the congress
man’s accomplishments and responsibil
ities, he is a full-time minister and was
appointed by Dr. King as a coordinator of
PART THREE
brunt of anhd it rnust be changed.
Mastering the Arithmetic of Power
Politics: A Formula for Achieving TAX
REFORM
I, suggest that it can be changed. Even
though 90% of the contributions to the
campaigns of the Congressmen and
Senators whose votes can change it,
comes from the 1% of the population that
benefits from this $77 billion tax bonanza,
I believe we can reform the system. The
quiet revolution that is taking place in
black America and politics today may well
enable us to reconstitute a populist
movement in this decade and, black and
white together, close up those loopholes
and free the funds necessary to solve the
Fauntroy [D., D.C.]
the “March on Washington” and also the
“March from Selma to Montgomery,
Alabama”.
This speech will be published in its
entirety in a three-part series.
basic problems confronting our nation
that just happen to be reflected in the
black experience. Let me explain.
The Voting Rights Act of 1965,
emerging as it did from our Movement in
Selma, Alabama, has now opened the
door to harnessing again the power of
literally millions of black voters. Since
1965, nearly two million black voters have
been added to the voter registration
books of the South alone. Those two
million new voters have had a quiet but
sure effect upon political life in this
country. In 1965, there were only six
black Mayors in the nation. Today, two
million registered black voters later,
Continued On Page -U
THE TR 6UNALAI0
VOLUME III, NO. 31
WEDNESDAY, DECEMBER 24,1975
$5.00 PER YEAR
20 CENTS PRESS RUN 8,500
MEMBER: North Carolina Black Publishers Association — North Carolina Press Association, Inc.
A VIABLE, VALID REQUIREMENT ^
RESPONDING TO
BLACK NORTH CAROLINA
Notes & Reminders
HIGH POINT - The
Southside Branch Library,
401 Taylor Street, has
changed its hours to the
following: 8 a.m. to 5 p.m.,
Monday thru Friday.
Southside Branch Li
brary, located in the
Southside Neighborhood
Center, 401 Taylor Street,
is now open daily from 8
a.m. to 6 p.m., Monday
through Saturday.
A specialized branch of
the High Point Public
Library, the Southside
branch will service the
library needs of neighbor
hood families, schools,
churches, and clubs, and
individual patrons of every
age.
The spacious quarters,
two rooms with bright
carpeting and colorful
posters and mobiles, is
designed to house a
collection of 7,000 books
and a variety of audio-vis
ual materials, creative
learning kits, and toys.
Daily schedules include
story hours and learning
activities for day care
centers, beginning at 9:30
a.m. The programs also
include filmstories, games,
creative construction, and
simple puppet making for
grade-school children.
Afternoon programs are
planned for after-school
groups, including teen
agers.
Interested persons may
contact Mrs. Lizzie Royal,
head of branch services for
the High Point Public
Library, at the Southside
Branch telephone number,
885-0310.
* * *
Gatewood and Fourth St.
building will be closed to
observe holidays. For
plunges enter on Perpetual
Loan parking lot side of
building going down the
steps.
Winston-Salem - WXII -
Channel 12 television has
selected WEAL Radio news
Director and hostess on the
“Sounder” radio program
to be a guest reporter on
television’s “Report to the
People” program. Ms. Lee
Miller will be guest
reporter each Saturday at
6:30 p.m. on Channel 12,
December 27th through
January 10th.
Ms. Miller has been with
WEAL radio since 1972 and
along with Gil Harris,
program director of WEAL,
conducts the popular
SOUNDER radio program
as well as reporting daily
five minute news reports
throughout the day on
WEAL.
REPORT TO THE PEOPLE
SATURDAY - DECEM
BER 27th - 6:30 p.m. (7
p.m. if the preceding NBC
network program runs
over). Ms. Lee Miller,
WEAL. Radio’s (Greens
boro) News Director and
hostess on SOUNDER
program, will interview
Fifth District Congress
man, STEVE NEAL, along
with Wayne Willard, News
Director of WSJS Radio in
Winston-Salem and David
Plyler, Public Affairs Direc
tor of WXII TV.
* * *
From the Better Business
Bureau
An organization located
in Gastonia and calling
itself Mar-Mac Services,
Inc., is circulating among
businesses in this area a
booklet which is what
Mar-Mac calls “Operation
Crime Stop.” The booklet
is accompanied by a copy of
a letter which purports to
be from Sheriff Paul Gibson
which, by implication,
promotes the sale of ads in
the booklet. Investigation
by your BBB reveals that
See Page 6
$3.4 Million Gym Underway At A&T
TWIN PROBLEM FOR
SANTA-At the annual
Fayetteville State Univer
sity N.C. Christmas party
recently, Ole Saint Nick had
a problem identifying twin
boys Harvie Lee Hill [left]
and Herbie Carlton Hill.
Anyway, Santa got theii-
Christmas toy list from
parents Mr. & Mrs.f Herby
C. Hill Jr., of Fayetteville
and promised to deliver
them right on time this
Christmas Eve. [FSU Photo
by John B. Henderson]
GREENSBORO -Ground-
breaking ceremonies were
held Dec. 15 at A&T State
University for a new $3.4
million health and physical
education building, expect
ed to be completed by Aug.
5, 1977.
Wielding the shovels for
the brief ceremony were
Dr. J.S. Stewart, chairman
of the A&T board of
trustees; Dr. Lewis C.
Dowdy, chancellor; David
Morehead, chairman of the
university’s building and
grounds committee; and a
student representative of
health and physical educa
tion majors club.
Architects for the new
facility, expected to be one
of the most modern of its
kind in the state, are Odell
Associates, Inc. in Char
lotte. The gym will be built
just east of the present
Moore Gym.
The new building has
been long needed as a
teaching station at A&T,
according to Dowdy. “With
the growing numbers oi
students entering this area
of Dhvsical education and
recreation as a major, and
with the increased number
of students to be serviced
by the facility, we are
extremely proud that the
gym is becoming a reality.”
“Except for the serivce
areas, every area can be a
teaching station or class
room,” added Dowdy.
He said the building will
contain two tennis courts,
three badminton courts, a
volleyball court, two hand
ball courts, a dance studio,
two locker and dressing
rooms for male and female
students and two for faculty
members, two training
rooms and a 25 meter (75
feet) swimming pool.
In addition, the gym area
will have seating for 7,000
persons at indoor events.
The building will also
contain eight faculty offices
and a faculty lounge.
Funds for the new
building were approved by
the General Assembly in
the 1971-73 bicentennial
budget. Construction ad
ministrator for the project
is James L. turner, a ’67
graduate of A&T.
Tax Credit^ Break To Taxpayers
GREENSBORO - Every
one who pays Federal
income tax this year has at
least one tax break coming.
And it doesn’t matter
whether the taxpayer files a
long Form 1040, or short
Form 1040A, or how much
the taxpayer earns.$
The break is the personal
exemption tax credit.
Effective for only 1975, the
credit amounts to $30 for
each regular exemption to
which the taxpayer is
entitled. However, indivi
duals who claim additional
exemptions because they
are blind or are 65 years old
iBi
or over, may only claim one
$30 credit for themselves.
How does the credit
work? Take a family with
three children. The couple
files a joint return. When
completing their return,
they will count two
exemptions for themselves,
and one for each of their
children, for a total of five
exemptions. They will
multiply the $30 credit per
exemption by five to come
up with the $150 total credit
that they’ll write on the
front of their tax return and
subtract from their tax.
The new credit does not
affect the $750 allowed for
each exemption when
figuring taxable income.
For example, the sample
family will still multiply the
$750 by five and substract
$3,750 from their income.
There’s information on
the personal exemption tax
credit in the instructions for
both the 1040 and 1040A
tax packages.
Taxpayers who have
questions about the perso
nal exemption tax credit or
other tax matters can visit
local IRS offices or call toll
free 1-800-822-8800. Copies
of free IRS publications
may be obtained by using
the convenient order blank
contained in your tax
package.
Veterans Reminded
HIGH POINT - Young Adult Choir of Calvary Baptist Church.
The Veterans Admini
stration reminds five mil
lion veterans covered under
its government life insu
rance program to make
certain that beneficiaries on
their GI insurance policies
are current.
The VA is obligated by
law to pay insurance
proceeds to the beneficiary
of record. Most of the
agency’s insured are World
War II veterans who carry
National Service Life Insu
rance, according to VA
Regional Director, H.W.
Johnson.
The problem of insurance
benefits going to an
unintended recipient gene
rally arises where the
veteran simply fails to
change his beneficiary.
In a typical case, a
veteran named his mother
as beneficiary when he
obtained his policy. Later
the veteran married and
overlooked the requirement
to notify the VA of intended
change in beneficiary.
Unwarranted financial
hardship often results,
Johnson noted.
If in doubt as to current
designation, Johnson urged
veterans to submit a
change of beneficiary. He
also emphasized that lump
sum payments only may be
paid when so designated by
the insured veteran.
Policy changes should be
sent to the VA insurance
center - either Philadel
phia or St. Paul, Minn. -
where the insured’s pre
miums are paid. All
requests should include
policy number along with
full name and address.
Additional information
on insurance benefits and
other veterans’ assistance
can be obtained at VA
regional offices or local
veterans organizations.
SUPPORT THE ADVERTISING MERCHANTS OF THIS, YOUR NEWSPAPER!