The Courier News from Blytheville, Arkansas on February 15, 1961 · Page 9
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The Courier News from Blytheville, Arkansas · Page 9

Blytheville, Arkansas
Issue Date:
Wednesday, February 15, 1961
Page 9
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1 WEDNESDAY, FEBRUARY 15, 19«1 BLYTHEVILLE (ARK.) COURIER NEWS PAGE NINE Factories May Receive A Tax Break By SAM DAWSON AP Btttlaeu Newt Aulyrf NEW YORK (AP)-The new accent oo youth may soon extent from the White House right into the machinery in our factories. President Kennedy says too much of our Industrial equipmen is too old. He wants business ti speed up the modernization ol il plant. He says the governmen will help. The average age of equipmen in American factories today i about nine years," the Presiden says. "In a dynamic economy tha average should be falling, as nt." equipment is put into place. In stead, the available evidence sug gests that it has been slowly ris ing." He has renewed his pledge o quickly seeking tax reform to he! business update its plants. The President has still to spell out exactly what tax changes. But business interprets them to be largely in the field of depreciation allowances. Many business spokesmen have deplored present tax policy as holding back building of new plants and buying the latest equipment. This keeps operating costs higher here and helps make American prices higher than those of foreign manufacturers. President Kennedy agrees that we have fallen behind in the competitive race. He notes that other nations have been lowering the average age of Iheir plants and machinery. He names as an example West Germany, where at least two-fifths of the plant and equipment is under five years of age. Other lands allow faster write- off of new investment in tax accounting. Some allow revaluation of assets in recognition of higher replacement costs. This lowers corporate tax payments and gives companies more funds with which to buy new equipment. The United Slates has granted and equipment held essential for national defense. But in the main its policies still hold to a standard which, though varie averages around 20 years. That is, the life of much machinery is held to be 20 years. Companies spread depreciation allowances over 20 years. They complain that they can't relace the old plant and tools for anythingTike what they cost —that Is, for anything like the total of their depreciation allowances. To buy new equipment they must find money somewhere—by raising prices to boost profits, by borrowing. Many insist that this is keeping them from modernizing their plants. This has cut the totals spent on capital goods in the last year, and that has been a factor in the turndown in general business activitiy. There are two tax reforms the President could propose. One would speed up the time in which a new machine could be depreciated for tax purposes — five years, say instead of 20. This would give companies temporary relief. After the five years the machine would be fully taxable as an asset and its production tax able as income without benefit ol allowances. But there would be an incentive to buy still newer equipment. The other would be to let companies value their present machinery at replacement cost instead of its much lower cost at time of purchase. This would grant a longer-range relief. Wants Election Law Changed LITTLE ROCK (* — A resolution asking Congress to take sleps to change the electoral college system o£ electing a president was adopted by the Arkansas House Tuesday. The resolution asks Congress to submit a proposed constitutional amendment to effect the so-callec Lodge-Cossett plan pending before the 81st Congress. Introduced by Pulaski County Rep. Joe Y. Ledbetter anc Hempslead County Rep. Talbol Field, the resolution says the Lodge-Cossett plan would elimi nate the possibility that a candi dale would receive a minority o the popular vote but still get a majority of the electoral vote. Under the plan, electoral votes would be distributed according to the proportion of popular vote, received by » candidate. Earlier this season the House defeated a resolution urging abol Rx» rf UM electoral college. Pricet Good Through Saturday, Feb. 18. Right Reserved to Limit. . en find Live Better The Only Way'to Get Government Inspected Grade H A" FRYERS for Less/ AH Kra«er poultry k H. S. Gov't. iMiwctW ud Gro<i«t "A". TMi Is rlw mvtnix* you dcscivt for your family, toy poultry «t Kroger . . . buy Ike k*t». A Glorious 7-Day FLORIDA VACATION FOR FOUR PEOPLE! REGISTER FREE! Kroger U giving fen Florida vacations .. . you may be a winner! Your choice of weeks from Mid-April until Mid-December. A total of $325.00 for expenses and spending money. HURRY! HURRY! Contest Closes Feb. ISfJil No purchas* required, and reservation* will be paid for by Kroger, at one of Miami Beach's glamorous resort motels. More details at your Kroger store. Nothing to buy or write. Cut-up Tray Pack Ib. 33c Whole Ib. . .. Plus Top Value Stamps Tenderay Boneless • Chickasaw—Sliced Boston Roll Roast ib 79c Bacon n. 49<f 50 FREE Stamps with Coupon and Purchase of 2 Ibs. or more Boneless Beef Stew »> Sliced King Cotton Beef Liver - ft 49c Sausage «,. t~f Shop Kroger for a Complete Variety of VEAL CUTLETS FREE 50 TOP VALUE STAMPS with coupon at right and purchase of Z lbs. or more FRESH VEAL KROGER EGGS Grade A Large Grade B Large Grade A Med. - Lenten-wise Seafood Buys! Freshore Fish Sticks 3 for $1 Dressed Whiting 5 lbs 69c Freshore Breaded Shrimp Pkg 49c Cap'n Joe's Deviled Crabs Doz $1.99 Standard Oysters 12 oz Jar 79c Breast O" Chicken Chunk Tuna Kroger Tomato Juice Kroger Fruit Cocktail Kroger Crushed Pineapple or N c a : /2 29c Pear Halves 4 46-oz. T Cans 303 Cans 14-oz. 50 FREE Stamps with each Choc. Deails Food, Sno Wiiiie or Cherry Gold 4 $1 Pinto Beans / Bottles 2 Lbs. 25 FREE Stamps with each Pkg. Breakfast Roils K Avondale Halves or Sliced Peaches 4 $L Tangy Flavor! $1 Kroger Catsup Great Northern or ,,_ „,.,,„ „, ... , , . 2o FREE Stamps with each loaf Snack Rye Bread 0>* i f A im nr_ Fine Q ualit y $1 Apple Sauce 2 <£ 35c Tomatoes 7 303 Kroger ICE CREAM Country Club with coupon and $3.00 purchase 39c Dish Cloths Pkg. of is y 2 oz. 49c $1 55c Sweet Potatoes 2 '£.' 45c Chef Boy-Ar-De« Spaghetti Kroger Starlite Raspberry Blu« Plate Cut Beans 4 cans 49 c 24 Cans . . . $2.49 Fine Quality —303 Cans With coupon and §6.00 purchase 29c T /2 gal. with $10 purchase . . . Vac-Pac Yellow Kroger Corn Cruiil Dinr Apple or 4 rruii ries cher ry o 12 oz . Country Club Fruit Ath-Tex Chili Bowls Country Club ol GROCERIES to be given Friday and Saturday, 20 each day to lucky Kroger shoppers. No purchase required. You will be given a key to try in the Treasure ; ;i Chest lock. If your key opens it you are the winner of a bag of FREE GROCERIES Country Club Ice Cream with this coupon and 5 3 purchase i.. 39c $ 6 purchase 23c 1$.. $10 purchase 19c nt Kroger thru Saturday, Feb. 18. Limit one. Set of 151/2-OZ. Cans PEAT MOSS 50 £ 99<z 10-10-10 Fertilizer 50 (b. bag $1.89 Shrubbery Available This Weekend GREEN CABBAGE FRESH COLLARDS SWEET POTATOES CELLO CARROTS Washed* Government Graded Red POTAT Large . . Head Large . . Bunch: .... Puerto , . Rican, Ib.: . . . Mb. 25 FREE TV Stamps with coupon and purchase of 10 Ib. bag Potatoes 50 FREE Top Value Stamps this coupon and purchase of 2 pounds or moro VEAL CUTLETS at Kroger thru Saturday, Feb. 18 SO FREE Top Value Stamps with this coupon and purchase of , 2. Ibs. or more Boneless STtW BEEF ft. 79c it Kroger, through Saturday, February 18. Limit one. 1 BUY ir MEDIUM DUMOHD WALNUTS I. 2fc with this coupon and addition*! purdi«< at Kroger, through Saturday, February 18. Limit or*. y

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