Marysville Journal-Tribune from Marysville, Ohio • 4

bly Summary Of Major Provisions Of Tax Packages In Ohio Assem year, including $267 million ing 'toward education and serv-: that amount. Contains $40 rmil-lion worth of property tax credits for corporations and raises a net of $168 million a year. Retains the five mill franchise tax and allows corpo rations to pay either that or a tax on net income, whichever is greater. The income tax would be 4 per cent on corporate income up to $25,000 and 8 per cent on additional income. flan costs the average family of four $6 on $73,00 income, the Gilligan plan would cost them only.

$29.55 to raise the same amount of money," the administration contends. CORPORATIONS Repeals the franchise tax on net worth of corporations and substitutes a tax on net income at 4 per cent on corporate income up to $10,000 a year and 8 per cent on income above come and family exemptions of the first $2,400. The tax for -an average family of four would be $28 for an annual income of $4, 000; $89.25 for an income of and $176.75 for ah income ol $12,500. A flat 0.8 per cent county income tax with no exemptions and no credits. Pensions and social security benefits would not be considered income.

The liability of an income of $4,000 would be $32; on an income of $7,500, $60 and on an income of $12,500 $100. The Gilligan administration has maintained its system of tax credits and property tax ro backs would provide further benefits to taxpayers and pointed out that its income tax raises more money than the others. While the fiscal conservatives' ices counties, cities and townships. INCOME TAX The administration proposes a graduated personal income tax of 1 to 8 per cent on adjusted gross income, with an individual credit of $10 which weald be 1 per cent for incomes up to $3,000, Vz per cent on incomes of $3,000 to $6,000, and 2 per cent on incomes of $6,000 to $10,000. Thmximuin rate of 8 per cent would apply to incomes of $50,000 and up.

The tax liability for the average family of four would be $5 for an annual income of $65 for an income of $7,500, and $190 for an income of $12,500. 1.5 per cent flat income tax with individual exemptions of the first in- Senate Wants Swift Exit From War No Matter What By LEE LEONARD UPI Statehouse Reporter COLUMBUS (UPI) Here is a summary of the major provisions of the three, mairi tax packages now under consideration the House Ways and Means Committee. The provisions, are subject to rapid change as negotiations continue. For the purposes of this dispatch, denotes the tax plan of the administration of Gov. John J.

Gilligan, is the House Republican Leadership plan, and is the proposal offered last week by about a dozen fiscal conservatives in the House. REVENUES Raises $1.1 billion per year, $665 million through a personal income tax, $330 million through a corporate net income tax and $120 million by closing sales tax loopholes to business. Also grants $415 million worth of property tax relief, bringing net new revenues to $700 million for the first year. Raises $717 million a year, $444 million through a personal income tax and $273 million throcgh a new tax option. Property tax relief would total $138 million, 'leaving $579 million in net new revenues.

Raises $429 million per 4 THE JOURNAL-TRIBUNE Wednesday, June 23, 1971 through a county personal income tax and $162 million through a county corporate net income tax. There is no property tax relief, so net new revenues for the first year total $429 million. The total revenue fig ire for each plan will expand in the second year as collection lags are eliminated. The two year total for the Gilligan plan is $1.6 billion in net new revenues, $1.2 billion for the Republican1 leadership plan and 900 million for the fiscal conservatives' plan. DISTRIBUTION Taxes would be collected by the state, disbursed to various state agneices ana sent back to local governmental units in the form of increased aid to schools, additional welfare support, replacement of reduced property tax revenues and other programs.

Most taxes would be collected at the state level, as at present. The personal income tax, however, could be filed with the county or the state. Revenues withheld from all but multi-county employers would re main at the county level, to bft used for education, local government and property tax relief. Both the personal and corporate income taxes would be collected and spent at the local level, with the money go- '3 cur view should' be it is not the view of Congress as a whole." "The President -will cr course continue the policy he has set forth that is the policy of withdrawal of forces from Vietnam and our efforts to get the other side to enter into serious negotiations with us Ziegler said. If the House 'approves Jhe proposal and Nixon signs it, the out-in-nine-months declaration would become official national GOP Tan Cost.

Bate 7.8 Cents A Bay Education Today At your Certified Oil Company Station "Your Gasoline Purchase Free" if we fail to clean your windshield, weather permitting. No other company dares to offer this policy. CERTIFIED G1S STATlOllS Columbus and North Main Streets Marysville (We honor Bankamericard and Master Charge) WASHINGTON (UPI) -The Senate told Presik-pS Nixon Tuesday it wants a swift U.S. exit from maocnina regaraiess of wn it Happens to South Vietnam s. governmei.t.

The President in response said that his policy which includes giving the Saigon government a fighting chance to survive is unengaged, and anyway he does not regcrd the Senate's action as binding. On a roll call of 57-12, Senators called for total and prompt withdrawal oi U.S. forces from Vietnam with only one condition: the release of all U.S. prisoners of jar held by the Communists. But Nixon's other condition for out that.

South Vietnam be left mt a chance to-survive was-poMtedly left out of the Senate's first official policy declaration on Vietnam since the 1964 Gulf of Tonkin rescultion. The measure, sponwed by Democratic Leader Mike was aporoved as an amendment to the extension bill. It "urges and requests" the President with no penalty if he does not to negotiate release of the war prisoners and to withdraw no later than nine months after the measure is signed. Nixon's press secretary, Ro nald Ziezler, said "this is not binding legislation ad the lull legislative process is not concluded." He called if. "the view of what 57 Senators think Begin Highway Re-Surface Work Bernard Hurst, Division Deputy Director Ohio Department of Highways at Delaware announced today that resurfacing project on U.S.

Rt. 36 in Union County, and SR 750 in Delaware County has started. Craig Fenton, engineer for the Northwood Asphalt Company of Ostrander, contractor for the U.S. Rt. 36 section of the pro ject, stated work started.

at the Marysville bypass and proceeds east to the Delaware County line, a distance of approximate ly 5.07 miles. Dick Kite is project foreman for the Northwood Asphalt Com pany, and John C. Williams pro ject supervisor. The Ohio Road Paving Com pany of columDus is the contractor for the St. Rt.

750 pro ject. Completion date for the entire project is Sept. 30. The bid price for the project was $53,451.46 Your I (now Raises, an estimated $273 million in one Enacts a 3 per cent tax on corporation income over and above the five-mill tax on net worth. The tax would be collected at the county level, and investment income would be included as taxable income.

Raise a net of $284 million the 'first year. UTILITIES No change in the public Happens policy, difficult for the President ta sidestep. Should the House refuse to incoroorate the measure into the final ver i of the Selective Service Act. it would face a certain Sena.e filibuster that cut off the manpower for the Vietnam war. And if Nixon refuses, to sign the draft bill with such a policy statement in it, he automatically forfeit his right tc continue conscripting men into the Army.

activities for the day and set up the equipment. The children choose which they would like to do and work at their own pace, Pacific Oaks youngsters are a grimy lot they wear rugged playclothes and there is no effort to keep them tidy as 'they romp outside all day. The school is opposed to testing, so they don't know for certain if their students do better in grammar school than others. "The social skiiis tney learn here probably stand them in good stead," a spokesman said, "but they may have trouble conforming. They aren't used to sitting still all day." Akron Police (Continued from Page i) black youths were also throw ing objects.

They were persed with tear gas dis Disturbances wracked this northeastern Ohio city of located about 30 miles from Cleveland, last- in the summer of 1968. LEGISLATURE (Continued from Page 1) along with a Senate recommendation to allow the citizens Committee on the State Legislature until Jan. 1, 1973, to complete its study of legislative opera tions. Weather Outlook By United Press International Ohio Extended Weather Out look Friday through Sundav: Mild with highs in the upper 70s and 80s. Lows in the 50s and lower 60s.

Chance of show- ers Featuring Choice Sides of Beef for your Freezer OF EM m. Tilt pja. buli utilities excise tax raising an estimated $112 million per year. i A 1 per cent increase in the public utilities excise tax worth an extra $25 million the first year. No change In the excise tax.

INTANGIBLES Repeal of the intangibles tax on stocks and bonds costing the state, $30 million a year in Repeal of the intangibles tax and replacement with an ex cise tax on financial institutions and dealers in intangibles, pro ducing 3 million for the gen eral revenue fund. No change in the intangibles tax. INSURANCE Retains the two-mill excise tax on dorriestic insurance Raises the tax to three bringing in $1 million in new revenues. 'n Retains the tax at the current level. TANGIBLES.

Retains current level of tangible personal property tajc on corporations, but grants $40 million worth of property tax credits. Reduces tangible personal property tax from SO to 40 per cent over four years on all property except that ised to generate electricity, costing about $27 millioq the first year. Same as regular Republican plan. DIRECT USE i Repeals "direct use" exemptions from sales tax for manufacturers, exempting only material and equipment which a component part of the final product and not machinery merely used in production. Worth $120 million a year.

No change in exemption for machinery. Same as regular Repub lican plan. PROPERTY TAX RELIEF Calls for $223' million worth of property tax relief, including rollbacks in the amount of real estate tax going for education and welfare, property tax credits, and homestead exemptions for persons 65 and over. Income tax revenues would replace the property tax revenues. Proposes a 10 per cent across-the-board real estate tax reduction financed by income tax revenues, and a $2,500 exemption for homeowners 65 and over earning up to $6,000 a year, financed by the inheritance tax.

The homestead exemption would be $1,000 for families with an income of more than $3,000. No property tax relief included. None of the plans has. any irv creases in the sales tax, cigarette or liquor taxes, or a broadening of the base of the sales tax. The governor's plan includes a severance tax on mining of natural resources such as coal, gas and oiL Both Republican plans contain provisions that a statewide vote of the people would be necessary to raise the rate of the personal income tax.

The regular Republican plan requires that real estate taxes be paid on time for the taxpayer to be eligible for relief. tho FRI. TILL P.M. WED, I AJA. TO 12 NOON Oarysiille Jpuroal-TrikunG "It (administration) wants every penny shipped to Columbus where it can be controlled by bureaucrats for local spending," be said, Hovey and Kosydar, who test ified in opposition to the bill, contended the measure failed to provide "tax reform" by sufU ing the burden.

Hovey said the measure had to many complex ies to be practical. "There are more administrative costs in a county-collected tax. There is just no way to get around it," he saiu. Kosydar said uniformity could not be obtained witii a county-collected tax. Wall Street Chatter NEW YORK (UPIi-The current market essentially may repeat its behavior of mid-1965 and the 1967-1968 period, assuming that the current economic up-cycle.

and long- term bull market have not yet run their courses, Spear Staff says." If so, a total decline of 100 points to the 850 level within a long-term market rise is likely, it adds. The extent of the decline in relation to price and time would depjnJ on news events as they unfold, Spear observes. The in its recent declines, has still not aone anything different from its pattern in previous bull, markets, according to E. F. Hutton A one-third pullback, about what has occurred, is often regarded as the minimum retracement likely to occur in a major advancing phase, it says, adding thai -the reaction re mains witlin the contir.es of a bull market.

The long-term market picture is' still bullish, James Dines Co believes, though the short- term picture is cloud, even slightly negative. 1-lotters have begun to increase their selling on balance in the last few days, for the first time since the recent decline began. and "tteir increasing pessimism can only bode well for the market' Dines adds. RAYMOND By MURIEL tX)NGBRAKE Social Set Ice Cream social and supper will be held Friday evening at Raymond United Methodist Church. Personals Mr.

and Mrs. Dick Cooper spent Sunday afternoon with Mrs. Miriam Burch of Colum- ous. John Fox and friend of Colum bus visited Tuesday with Mr. and Mrs.

Lowell Longbrake. Mrs. Alberta Johnson spent Sunday with her mother, Mrs. Earl Fout at Bellefontaine Hos pital. Mrs.

Erma Gallant visited her daughter and family of Marion Sunday night. Mr. and Mrs. Clarence Hen- son of Columbus spent Sunday afternoon with Mrs. Ida Farley.

Mrs. Donna Maugans and Robert Logsdon of Columbus spent Saturday night with Mrs. Beatty Chappell. Mr. and Mrs.

Rabh Watts cf Marion visited Friday afternoon wfJi Mrs. Ida Tarley, COLUMBUS (UPI) The 0.8 per cent flat county income tax proposed by a group of conservative Republicans would Cost every taxpayer only 7.8 cents, "less than a cup of coffee," every day, Rep. Richard G. Reichel, Massillon, said Tuesday. Reichel, chief sponsor of tta measure, said the flat-rate taxr, although imposed on everyone at the same rate, would induce taxpayers to become interested in government spending.

"I suggest they will feel a part of government and they will ask government "to spend that money responsibly because they have contributed to it," he told the House Ways and Means Committee. The proposal, which was drawn up as an alternative to the GOP leadership tax package', calls for a 0.8 per cent flat county personal income tax and a 3 per cent corporate net income tax. Committee chairman Rep. E. WL Lampson, R-Jefferson said the dissident bill would be taken "under advisement" by a subcommittee.

He did not say hearings were finished for the measure, which was just introduced last week, but noted all inter ested persons have testified. The committee chairman, who gained time for consideration with the introduction of an in terim budget in the Senate, said a tax package would be develop ed "wren we can get all the votes." Reichel, saying he wanced to "set the record straight," charg ed tne administration with throwing up a "smoke screen" against the proposal by advancing inaccurate remarks about it. He said, for instance, the bill was not unconstitutional a Fi nance Director Haroll Hoevy and Tax Commissioner Robert Kosydar said they oelieved it would be. The administration official contended the proposal violated the Ohio Surpreme Court's decision (in Friedlander v. Gorman) that a county colleried tax ccrid not be redistributed to other counties.

Reichel said his proposal would not vio late that ruling. Reichel also toft offense to contentions there was more chance of error or mishandling by coiuty officials than state officials in collecting a iax. "I am not willing to accept the proposition that county-elected auditors and supers will have less integrity that the political hacks appointed by the state Department of Taxation," he said. He also charged the Gilligan administration wishes to exert its control over all the state's revenues. MARKETS COLUMBUS (UPI) Daily cash grain prices paid to farm ers Wednesday at grain eleva tors in central northwestern and southwestern Ohio as reported by the Ohio Department of Agriculture are: No.

2 Wheat 1.45-1.50; mostly 1.47-1.49; mostly 1 2 cents higher. No. 2 Ear Com (bu) 1.40-1.50; mostly 1.41-1.43; mostly 2 cents higher. N'o. 2 Shelled Corn (bu) 1.41-1.52; mostly 1.42-1.45; mostly I cents higher.

No. 2 Shelled Corn (100 lb) 2.52-2.71; mostly 2.54-2.59; mostly 4 cents higher: No. 2 Oats (bu) mostly mostly unchanged. No. 1 Soybeans (bu) 3.06-3.13; mostly 3.10-3.13; mostly 3 cents higher.

r. By KATHLEEN NEUMEYER PASADENA, Calif. (UPI)-In four large, tree-shaded yards behind a big old house here, 185 small, grimy children clamber over an old cargo net, slide down specially designed double slides, and hammer and saw with adult-size tools. They think they're having a good time. They but they are also developing skills designed to increase their understanding of themselves ami their world, and helping at the same time to train some 300 future teachers, psychologists and social workers.

Pacific Oaks College and Children's School was founded 26 years ago by seven Quaker 1 families who wanted to form a free school to promote a more peaceful world through education. They needed teachers, so they decided to train their own, establishing a teacher's college which is now an accredited two-year upper division institution. Some Enrolled at Birth Some of the youngsters, aged from IVz to 6, are enrolled by their parents at birth, and there are three or four applicants for each opening. Minority group children receive special consideration, because the school wants a gcod ethnic mix, but youngsters are also favored whose parents offer special talents wrhich they could share. The children spend either two or five half days a week in the large fenced-in play yards, segregated by age group.

The play equipment, mostly constructed by 1 mteer parents, is specially designed to encourage certain skills. Children Choose Activities The instructors a head teacher, two to four college students and an assistant parent decide on six or seven Marysville 1 1 1 i Hi tp JULJ iJLIJJLlxlJQLJ-J Newspaper Boy in Marysville and Union County MARYSVILLE 7 Rt. No. Name Phone 1- David Huey 642-7553 2- Keith Huey 642-7553 3- Steve Kern 642-0581 4- David Cook 642-5454 5-Tim Case 642-1891 6 Bill Neff 642-2537 7- Tim Ferrell L642-3509 8- Jeff McKay 642-0541 9- Kevin Croy 642-0632 10-Chuck Hendricks .11 Kevin Shipp 642-7474 12 Lee Williams 642-9536 14 Jim Watson 15 Dick Miller 16 Steve Moceri 642-6666 17 Dale Burkett Watson 644-2361 19- David Boyd 20- Jeff Ebright 21- Joe Jimenez 642-7743 UNION COUNTY Milford Center Picklesimer Gary Johnson Jeff Scott Magnetic Springs David Stultz Richwood Rusty and Bill Fry Plain City Debbie and Harold Ripley Patrick Aitchison Broadway Bradley Dotson Peoria Chris Smith New Dover Diane Wibley Raymond Bonnie Courter Addition Gary Carter Timber Trails Greg Peters New Dover Trailer Rick Stidham Dover Acres -Steve Bump (Clip cut and circle your carrier's name) Choke Front Quarters of Beef Cut and Wrapped to Your Order fs(o vjL i Order Now Price Good thru July 7 Call 642-1856 For Good Old-Fashioned Service 116 E. Fifth St..