Arizona Republic from Phoenix, Arizona on July 8, 1976 · Page 18
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Arizona Republic from Phoenix, Arizona · Page 18

Phoenix, Arizona
Issue Date:
Thursday, July 8, 1976
Page 18
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Page 18 article text (OCR)

A-12 July 8, 1976 The Arizona Republic Lower-income tax break is pushed Associated Press WASHINGTON - Senate liberals are trying to broaden benefits for low- and middle-income taxpayers in a bill that changes some of the ways faxes are raised. The liberals have a good chance to win, mainly because politicians usually find it difficult H vote against tax relief for the masses in an election year. But the action could result in an even higher federal deficit in 1977 or could force the Senate to reconsider tax advantages generally available only to the rich. When debate on a massive tax-revision bill resumes July 20, the liberals will try to win more benefits for typical tax- payers than those approved by the Finance Committee. The liberal group contends the commiltee bill extends tax benefits for t h e wealthy — those uhose income are $50,000 a year or more — at the expense of those earning $25.000 or less. The bloc, led by Sen. Edward M. Kennedy, D- Mass., seeks to extend last year's individual tax cuts'through Sept. 30, 1977. The cuts are worth about $180 per year to a typical family of four. The Finance Committee voted to allow more than half the reductions to expire next June 30. The committee adopted a series of measures the liberals want removed. They would: --Allow deduction of state gasoline taxes only to the extent that they exceed $50; —Require a three-year delay before an expanded retirement-income credit becomes fully effective. —Generally eliminate a business-expense deduction for persons who occasionally use their homes in connection with their jobs. A Kennedy-force victory on all three provisions 1 wniki cost the Treasury about $750 million a year. Based on the new budget lr.w. the Senate would have to raise taxes elsewhere or allow a higher 1977 deficit. In the first two weeks of debate, the liberals failed lo sell the Senate on "tax reform" — elimination of For year ending lasl March * *-' White-collar raises average 7% special benefits for the rich and businesses — as the way to pay for morn lux relief for the average American. Opponents call the bone- fits loopholes. Backers call them preferences. The law refers lo them, mid to those available across (lie board lo all taxpayers, ns lax expenditures. In 1977 they will amount to more than (he entire defense budget: $101 billion. Under the law, the interest deduction on home mortgages and oil depletion are tax expenditures. Both deprive the Treasury of lax revenues it otherwise could expect. Few politicians seriously press for repeal of the mortgage-interest deduction or for ending the tax- free treatment of Social Security benefits. They are considered worthwhile social goals — home ownership and a liveable wage after retirement. United Press International WASHINGTON White-collar workers in private industry received salary increases averaging /' per cent during the year ending last March, t h e Labor Department said Wednesday. Although it was a smaller increase than the 9 per cent gain recorded during the previous year, the department said it was the second largest increase in 16 years for surveyed professional, administrative, technical and clerical workers. Clerical and supervisory clerical workers averaged a 7.3 per cent wage increase while professional, administrative and technical support occupations averaged 6.7 per cent. Clerical workers have held the edge in salary increases for five straight years. Engineers, who received a 6.8 per cent gain, commanded salaries ranging from $1,160 a month for college graduates in trainee positions to $3.020 for those responsible for complex programs. Chemists averaged SI.040 to $3,394 a month, reflecting a 6.6 per cent increase. Accountants averaged a 6.4 per cent increase and chief accountants obtained 6.6 per cent. The department said accountant salaries ranged from $955 to $1,951 a month and chief accountants from $1,705 to $2,827. Auditors ranged from 981 to $1,663, per cent reflecting a 5.5 per cent average raise. Buyers, whose salary increases averaged 6 . 7 per cent over the year, averaged $978 to $1,673 a month. Attorneys rate legal in corpo- departments averaged $1.285 a month to $3.046. They received increases averaging fi.l per cent. For job analysts, the average increase was 6 per cent with salaries from $1.130 to $1,596 a month. Personnel directors ranged up to $2,755, an increase of 7.8 per cent. Computer operators averaged $1.254 while keypunch supervisors were getting an average of $1,241 a month. Among 17 clerical occupations, t h e averages ranged from $490 for file clerks to $1.029 for top secretaries. Eight clerical jobs averaged above $800 a month, eight ranged between $600 and $800, and four clerical occupations — including messengers and typists — were below $600 a month. More about Deficit in federal budget Continued from Page A-l several billion dollars below that. "I'd begin to doubt it would get below $68 billion," he said. The Senate and House budget committees last week estimated the federal deficit at $71.3 billion for their version of the budget. McOmber said 1976 revenues probably were near the original estimates of $297.5 billion. He said the administration's projection of a 1977 deficit of nearly $45 billion remains unchanged. Although McOmber did not emphasize it as a major cause, another factor in the reduced pace of 1976 spending may have been the switch to a new fiscal yea:-. The next fiscal year will be the 12- month period starting Oct. 1, instead of July 1, as before. Fiscal 1976 ended on June 30. the last time a fiscal year will end on that date, leaving the current, once - only transition period from July 1 through Sept. 30. In past years, government agencies had to spend all their controllable outlays by June 30, or lose them. This usually resulted in a burst of spending just before June 30. But this year, because of the transition, agencies were given until Sept. 30 to spend fiscal 1976 funds, in addition to separate transition period funds. This 1976 money spent in the transition period does not affect 1976 budget figures. Pamphlet by Henry Ford opposed use of cigarettes DEARBORN, Mich. (AP) - Henry Ford denounced cigarette smoking for both moral and physical reasons and was greatly criticized for his stand. COVERING OFGLENDALE July Carpet Inventory Reduction Sale Prices slashed on all carpet in stock. Large selection of full rolls, part rolls and roll ends. UP TO 50% OFF Come see our heavy plushes, sculptures and short shags by mills such as LEES, MASLAND, ALEXANDER SMITH. THIS SALE ON STOCK ITEMS ONLY Bonded & Licensed Contractor #43505 "Tremendous Savings - Come & Get 'Em" Annual Store-Wide PRE-INVENTORY CLEARANCE Floor sample clearance of Sofas, Chairs, Love Seats, Sleepers, Dining Room & Bedroom groups, Wall Units. ALL LAMPS 20%0ff TABLES & WALL DECOR 20% CARPET • DRAPERIES • FURNITURE 5222 W. Glendale Ave. of glendale Phone 937-0081—937-4767 Open Thursday Till 9:00 P.M. Since 1935 ALL SERVICE S15.00 PER HOUR Prices effective through July 11, 1976. limit rigMj reserved. SAVE $2 32 GAUON DOME TOP Trash Can shop daily 9-9 Sunday 9-6 ,g. 6.9? %0 Tough, durable co-polymere construction. Tight, secure-keyAd snap leek lid. SAVE $2 #596 CHAIR ROXANNE, TRUDY >95 »ig. 1193 A folding chair with lulled vinyl pad tilled with shredded loom. #42 UMBRELLA TABLE 1095 I / «eg. ; SAVE $5 ' umbrella not included 24.W STRUCTO #7807 20" STEEL Kettle Grill OA95 £m \J Reg. 32.95 330 tq. in. cooking grid area wttti 20" chrome-plated cooking grid. Baked enamel finish, hinged-top design. 1" diameter tubular legs with eoiy roll wheels. #62 CO-POLYMER POOL CHAIR SAVE $2 Structo Barbecue 24" hooded grill Warming oven Electric rotisserie motor 26 95 R«J. 32.95 #614 CO-POLYMER CHAISE Q99 #614 / «•« 380 sq. in. chrome plated cooking grid with 4-posilion positive grid adjustment. Separate, convenient warming oven. Swing out, chrome plated spit rod and meat tines adjust to 3 cooking heighls. Clip-on hood snaps off easily for storage. PHOENIX; 35th Av«. & Peerto. ond «id *»« & W. M(Do««H PEO«IA: Grand Aw. 4 Peorio SUNNYSIOPE: Co.! G»«k « Hokh.r SCOTTSDAIE: !302 I. MtDo.ell IEMPE, Boselinc t MiClmlocl EAST MESA: E. Main t Grtailicld Dorothee Poison whets the appetite every Wednesday in The Republic's Food Section. MM special purchase! summer jumpsuits that zip and go 19.99 each Here they are - terrific-looking jumpsuits at a special low price! They're both 1OO% polyester for easy summer living. Just step right ia zip up and you're dressed to go everywhere! Sizes IO-I6. A. Leafy print, navy or red with white. B. Pinstripe, sailor collar, navy/white stitched and tied in red. Mail, phone orders invited. Plaza Dresses, 73 risBROADWAY SHOP MONDAY THRU FRIDAY 10:00 TO 9:00, SATURDAY 10:00 TO 6:00, SUNDAY NOON TO 5:00. Call THE BROADWAY, CHRIS-TOWN CENTER, BIITMORE FASHION PARK, SCOTTSDAtE, METROCENTER

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