The Herald from Jasper, Indiana • Page 22

Page 22 The Dubois County DAILY HERALD, Jasper, Ind. Wednesday, July 5, 1972 Businessman Says Plan Would Solve Inflation By JOHN M. WILLIAMS upi Business Writer YORK (UPI)-A Florida businessman has come up with a plan he thinks will help solve inflation, cut down on what he calls a burdensome overhead of nonproductive government and. as an end result, guarantee every American voter at least $500 tax free a year. He is not a presidential candidate The concept, called the National Dividend Flan and authored by millionaire former newspaper publisher, attorney and submarine builder John H.

Perry is simple on paper. Whether it ever is put into the form of a constitutional amendment may be another story. Perry insists NDP will work. Essentially, the plan calls for the diversion of a certain percentage of federal income taxes on corporate earnings back into the pockets of the voters. Only voters are eligible and this, according to Perry, insures the success of his plan.

Almost immediately, the suggestion of a $500 tax-free dividend to every voter suggests the current proposal by Sen George McGovern by which every just receive $1,000 that would be taxable. Difference Extreme Perry told UPI that the difference between the plans is like and the first Perry said, (McGovern) know how much his is going to cost and he know, secondly where the coming is extremely inflationary. And this (NDP) plan is not inflationary because it is paying out real, earned dollars. Most Now You Know By United Press International One president, Calvin Coolidge. was born on the Fourth of July and three presidents, John Adams, Thomas Jefferson and James Monroe, died on that dav people understand the difference between an earned dollar and a tax-added dollar.

If you levy taxes on goods to pay for something then you just increase the cost of the goods. If you take corporate earnings, and that section which goes now to the federal treasury, and divert them to the people, you are distributing earned dollars, which are not Perry idea has the endorsement of at least one major financial concern, the Lionel D. Edie Co. of New York, a subsidiary of Merrill Lynch, Pierce. Fenner Smith.

An excerpt from a 460-page feasibility study of the NDP by Edie said NDP program which is designed to reduce the dependence of our economy on federal government spending and allow private enterprise to regain its rightful role in determining the direction of other activity is endorsed by Interest to Pay Cost Edie thinks the plan could become operational within five years, assuming that during that period, no major tax cuts were granted to individuals and corporations. Getting the $500 to the voters would be the duty of the state banks. Perry said. Distribution cost could be made up by accrued interest, after the money is received from the Treasury Department, he added. In the advertising brochure, it is pointed out that the federal government would not be deprived of funds if federal corporate income taxes were taken from its budget.

present programs could be the brochure said, many would not be essential and could be eliminated after the National Dividend payments Perry, in the brochure, listed at least 50 supporters among the business and professional community. He said he is trying to gain support for a Washington lobby. Kegs, cans and bottles, the 3 best beers in America is draft-brewed Blatz. in bottles and cans. TO EC An Air Force NC 135 flying the Alamos, N.M., Scientific Laboratory and the laboratory will fly out of Fairchild Air Force Base for Sandia Laboratorie of Albuquerque along with their the purpose of scientific observation during the July colleagues irom Greece will be on board to record 10 solar eclipse.

An international research team from data on the solar corona which surrounds the sun. About People GENEVA (UPI) UN. Secretary General Kurt Waldheim revealed Tuesday some of the details of the go-between role he played in negotiations leading to the new agreement seeking unification between North and South Korea. Waldheim said he met last March in Vienna with North Korean spokesmen who gave him their attitude on various issues, reviewed contacts they had made with South Korea and offered proposals to be relayed to the South Koreans. LOS ANGELES (UPI) A lavish preconvention telethon, a kind of get-well card to the debt- ridden Democratic party, will include an appearance by columnist Jack Anderson.

Kentucky attorney John Brown, who authored the telethon idea to the party out of said Tuesday that Anderson would appear because one of the most men in the He said the Washington columnist would offer a short message regarding the of the two- party and say that a political imbalance exists when the reigning party has million and the other is $9 million in VATICAN CITY (UPI) Pope Paul VI accepted the resignation Tuesday of Bishop Albert L. Fletcher of Little Rock, and named the Rt. Rev. Msgr. Andrew J.

McDonald to succeed him. Fletcher, 75, resigned because of advanced age, the Vatican said. He has served in his native Little Rock lor 32 years, since 1946 as bishop. McDonald, 48, of Savannah, presently is vicar general of Savannah. LEANUP chain of volunteers forms a bucket brigade to empty the basement of the Wilkes-Barre Publishing Co.

Newsprint stored in the basement had expanded, bursting the plumbing in the buiIding. (United Press International) REPORT From CONGRESS By Roger Zion LONDON (UPI) The man who put up the money which apparently persuaded Bobby Fischer to fly to Iceland for the world champion chess matches expressed dismay Tuesday when he learned that Russian champion Boris Spassky would not agree to start play. is indeed said James Slater, the British banker who offered to contribute an additional $125,000 to double the prize money of which the winner will get about 60 per cent. Greece expects to increase its hotel capacity by 300,000 beds in the next five years. Voting in the House WASHINGTON, D.C.

The House Monday (June 26) overwhelmingly approved the annual military procurement authorization measure (334-59), with your member voting In connection with this legislation, I opposed four unsuccessful attempts to strike funds for the Safeguard ABM program, the B-l bomber development, an ABM site for the Capitol and operational funds after Sept. 1, 1972, to wind down the Vietnam War. By a vote of 282-75, this member voting the House approved additional funding guarantees for the D.C. subway. Poor management and excessive costs forced mv opposition to the underwriting a bond issue for this project.

I did support (345-17) the annual Public Works-AEC funding measure that contains many vital projects so important to flood control and navigation in our congressional district. On Wednesday the House approved a conference report on legislation appropriating funds for the legislative branch of government after successfully striking funds for the construction of a new west front for the Capitol. I joined with the majority in opposing this use of the money and I personally favor repair and restoration proposals instead of a new addition. In other Wednesday floor action I joined with the majority in approving the conference report for TRIAL OPENS The conspiracy trial of Cook County Attorney Edward V. Hanrahan began today after almost 11 months of court battles in the controversial 1969 Black Panther case.

Hanrahan, 51, was charged with conspiring with an assistant and 12 policemen to cover up evidence and prevent prosecution of police who raided a Panther apartment Dec. 4.1969. Hanrahan has refused to plead to the charges, claiming they are invalid. the Department of State-USIA funding authorization (314-77) but opposed an extension of unemployment benefits which passed by a 273-110 margin. On Thursday the House passed the Agriculture Appropriations Bill for Fiscal 1973 by a vote of 345-33.

I voted and also supported two unsuccessful amendments that would have (a) reduced farm subsidies to a $20,000 maximum limit (189-192) and (b) prohibited the issuance of food stamps to strikers (180-199). The House also approved legislation lowering the interest rates on SB A disaster loans (325-9)..