Garden City Telegram from Garden City, Kansas on August 17, 1963 · Page 10
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Garden City Telegram from Garden City, Kansas · Page 10

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Garden City, Kansas
Issue Date:
Saturday, August 17, 1963
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Page 10
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You, Local or State Government? If You Get Tax Cut, Who'll Spend It? By SAM DAWSON AP Business N»wt Analyst NEW YORK (AP)—If you get that tax cut next year that you've been hearing about ror so long, who Is going to spend it—you or you r sta tc and local governments? Congress may pass an income tax cut for individuals and corporations this 'year or early next year. But the skeptics say the $10 billion or so which the federal government might thus free would just be a sitting duck for state, county or local governments looking for mor e funds they can tap by raising their own tax rates. If so, the end result could be that the taxpayer would end 1904 owing just about as much as ever to one o r another tax collector. One of the big arguments for a federal tax cut^-beyond the natural appeal of any tax cut fry any agency—is that it will tree more spending money. You will be able to buy more things you want, the argument goes, and thereby you will be encouraging more production, more investment in future production, and hence more sorely needed jobs. That, in turn, would add a lot more people to the income tax rolls, and the U.S. Treasury would collect more, even at the reduced rates. But the state and local governments are searching for more revenue to meet the needs of growing communities and to furnish still more services that peo- vle like to have (even if they don't enjoy paying for them). If $10 billion is freed bv the federal tax collector, it'll be mighty tempting to other revenue seekers. It is widely conceded that state Thirty Three Shidents Overload KU Elevator LAWRENCE (AP)—An elevator stalled between floors during an evening party at the University of Kansas Student Union building recently. Twenty minutes later the stoppage was cleared. Out tumbled 33 bo'ys and girls, about three times the elevator's capacity. NO JOB FOR AMATEURS When a job requires that every move b« positive •nd precise, you want the services of a professional, Building a sound personal insurance program also requires professional attention. This is provided to you by our agency as part of our P.S., Personal Servict, MILLER INSURANCE AGENCY 118 E. Chestnut BR 6-3512 MEMBER GARDEN CITY INSURANCE •OARD MillM and local tax rates will rise, or new taxes be devised. These will come out of your pocket, leaving just that much less to be spent at the store. Will this nullify the boost to the economic growth rat e that a federal tax cut is supposed to promise? Walter W. Heller says that isn't necessarily so. The chairman of the President's Council of Economic Advisers ar. gues this way: "The boost to over-all demand is the same, whether the federal tax savings are spent directly by taxpayers Page 18 Garden City Telegram Saturday, August 17, 1963 by their state and local governments." He contends that the end result, would be "higher output, more jobs and a greater legacy of real wealth—houses, schools, productive plant and equipment." Heller adds that federal tax cut or no, the increase next year in slate and local tax revenues is expected to approach $3 billion. We Now Have Both CAMPERS and TRAILERS For Your Vacation FOR RENT MAKE YOUR RESERVATION NOW Call BR 6-7946 RONALD ODELL — North 8th St. are you TOO 0£AF to be helped NEW SUPER POWERED HEARING GLASSES CORRECT EVEN SEVERE LOSSES You may now hear again so clearly with BOTH ears that you can understand even whispers! With the new, extra powerful hearing glasses—just released by Beltone—you may now for the first time enjoy the thrills of hearing at ear-level. HEARING CENTER These super-powerful Beltone hearing glasses are just as streamlined, attractive and comfortable as models which correct mild hearing losses. FREE BOOK TELLS HOW Come in, phone or write. Discover how you may eniov a new lease on life. Rush me in plain wrapper valuable FREE book revealing how newest Beltone corrects severe losses. ZONE STATE 2 blocks North of OK Courts 403 N. Third Street Phone BR 6-6949 P. O. Box 511 Garden City, Kansas Chas. Chalmers—Mgr BATTERIES _ SERVICE — AUDIOMETER SALES BEETLE BAILEY MAYBE I SMOULP RETIRB / FORMER 6ENERALS [ MAKE BI6'MONEY \ IN CIVILIAN) LIFE RUNNIN6 BIS COMPANIES LET'S SEE—WHAT AM I QUAUREP TO RUN? ETTA KETT WINGCY TUNED UP oura CAR LASr NIGHT/ OLD BUS TAKES OFF LIKE A JET JOB.?,—TO DAD/ —CAM WlNGEY BORROW QUO CAR AQAIM TONIGHT? 7 HE'S SENDING YOU FR.EE TICKETS-IF YOU WANT TO CONIC AL.ONQ AND WATCH.' THE STOCK-CAR RACES*— HE DRIVES OUR CAR IN THEM /'. MICKEY MOUSE, ' TIMS TO CALL. PLUTO FOP PINNER! POGO •rue ooc. ewt "f Hfe MAN'* IKVIN 1 TO PINO our WHAT* WR0M6 WlfH -MV 00Y WORKW HI* WAV UP TO AttlflMf TO A weu, 0ACK fO we

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