Northwest Arkansas Times from Fayetteville, Arkansas on October 23, 1974 · Page 34
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October 23, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 34

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Fayetteville, Arkansas
Issue Date:
Wednesday, October 23, 1974
Page:
Page 34
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Nerthwert Arkontai TIMES, Wad., Oct. 23, 1974 PAYITTCVILLI, ARKANSAS Clinton Wants Cut In Foreign Tax Credit ; 'FORT SMITH, Ark. (AP) Congressional candidate Bill Clinton. of Fayetleville said Tuesday night he would like lo see; the foreign investment tax credit repealed. Clinton said he thought such a repeal would encourage investment in the United Slates, provide more jobs and possibly result in lower prices for certain products. · Clinton, a Democrat, also said he would like lo see Con- ,rpss impose a minimum cor porale income tax. He said he favored phasing out the depreciation allowance, relaxing the tax rate structure so that low-ancl middle-income people aren't 'overburdened and imposing an excess profits lax on businesses such as meat packers. Clinton was addressing an organizational meeting of the As- Beef Producers Lash Out At Supermarkets TEXARKANA, Tex. (AP) -Leaders of the Independent Beef Producers of America have accused supermarket chains of holding dictatorial powers over the industry and "taking in all Ihe money." They spoke Tuesday at n meeting of cattlemen and dairymen here. socialcd Tax pveparers of America. He opposes the re-election bid of Rep. John Paul Ilam- merschmidl, R-Ark. R. E. Moore, president of Ihe n e w 1 y formed organization based in Clarksville, Tex. said that "ranchers are Independent people, but if we don't get together, the conglomerates arc going to take over." He added: "We have to slop Importation of beef, Ihe grain giveaway, the fertilizer giveaway and we have lo slop Ihe dictatorial practices of Ihe chain supermarkets." Whit Hagaman, member of Ihe board of directors of (he organization, said, "it is costing the producer $300 to raise a cow that he's gelling maybe ffW for on the market. The price at the supermarket is high enough to get us out of our trouble. The chain supermarkets are taking in all the money." Members of the organization were in Washigton D. C. recently to present their problems lo officials there. Moore said they met with representatives and senators "and came away with the conclusion thai they didn't give a damn." He added: "I talked wilh See rttary of Agrtoultur* Sari Butz and asked him what tva« being done and for 32' minutes he talked and said nothing, but that he saw a light at the end of the tunnel for the beef producer." Moore said-they talked to other officials. "We met with a man with the Agriculture Department who told us that if the price of meat goes up much more, tha consumer will stop buying it. We told him if the price we are getting doesn't go up, we will go broke and there won't ba any beef to buy at any price." Retired Longshoreman Goes First Class SAN FRANCISCO (AP) -Silas McGce, a retired longshoreman, says he is Ruing in style .when he attends his high school football team's reunion at the fancy home of an old teammate. President Ford's engraved invitation requests his company at 11 a.m., Nov. 28, at the White House. "First class, first class. No other way," says McGce. "When I : get to the While; House, I'll be dressed as the ambassador From Timbuktu. Helllooo! Hero 1 am. What an unanticipated pleasure!" McGco wiis a halfback nnrt end on a teirm at South Hlfili School on which Ford played center. McGce said everyone called the President "Junic because he was Gerald Ford, Junior." "Jiinie was a sight to behold." McGce recalled. "A big shock of blond luiir, and when he hollered at us, 'Come oh, fel- las!' it was like a -- how do you say it? -- a clarion call to battle. Just like' llic cavalry T©PAZ FINEST ME ATS U50A Choke Beef Everyday low Price. 1 H"i Safe to use in Your Dishwasher! 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