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:/ Pace Four / * ' x TtfE CLINTON CHRONICLE / THURSDAY, MARCH 3, 1919 TRUMAN'S 'FAIR DEAL’ PLAN MAY TAKE $1.50 OF EACH WORKER'S $5 EARNINGS By ROILHAC HAMILTON, JR. An Article on President Truman's "Fair Deal" Budget Prepared Washington.—It’s an old saying that anything that is worth having costs money. And on that basis. President Tru man's "Fair Deal” prgoram ought to be worth a lot to the individual citi zen—because it is going to cost him plenty of money. There are many things uncertain about the President's program, but the .fact it will cost billions of dollars "-nbilhons of dollars right out of the taxpayers' pockets —- is not one of those uncertainties. On -the most conservative of esti mates. The "Fair Deal” program, if approved as proposed, is going to cost a minimum of seventeen and a half billions of dollars—41 per cent of the, total of this year's record-breaking peacetime budget, substantially more than this year’s proposed national de fense budget. And remember, that is the added cost—the amount over and above na- t.onal government expenses which now harrass the taxpayer. And it is the federal cost alone, not the cost which will fall on the taxpayer as a re.-ult of state and local participa tion. Nor is it necessarily all the federal cost. Independent experts such as Eliz abeth W Wilson of the Actuarial So- c.ety of America present varying es- *.mates which would run the ultimate annual c^st of the "Fair Deal” pro gram up to nume than forty-two bil- hon dollars—more than the entire prop sed federal budget for the next jiscai vear. And remember, that's still the a d d :t;onal cost t o the taxpayer, c< who w:l ! st:!! go r:gh’ ; along support- p :ng the present-day functio ns of his P' fede ■ral government. :agg( ertng figures. those. on either st average citizen? Let us take for ex-, ample, a wage-earner of the middle class in, say, Cleveland, Ohio -r- a wage-earner who is married and has two children—and apply the "Fair Deal” to his paycheck. Our average wage-earner in Cleve land. according to the Bureau of La bor statistics, draws down $65 a week or $3,380 a year. So, first off, let's see what the ex panded social welfare program will do to him. Currently, of course, he’s paying one per cent of his earnings— up to $3,000—in social security taxes. But it is contemplated under the new system that he will pay such taxes up to $4,800 a year, or on all his earn ings in case of the average Cleve lander. Under the administration esti mates. he will pay out for social se curity a total o>f $67.70 a year, or $1.30 a week. leaving him, of his $65 pay check, $63.70 weekly, or $3,312 annually. But, suppose the opponents of the program are right, and the payroll tax (remembering the employer pays half and the employe half) amounts to 27 per cent, or 13.5 per cent for the worker. That makes the take heavy to say the least—$376.10 an nually. leaving $3.003 90 a year, or $8.78 a week, leaving $56 22 a week. That takes care of the social wel fare angle—but, remember, there is still that weekly bugaboo, the with holding tax for income tax purposes. What will that do to Mr. Average Clevelander, with his wife and two children? A straight across-the-board answer is difficult, because there is no way of determining how much tax increase may .be necessary to take But, on the basis of present tax basis. But what thev mean to the r, < LOOK!! EVERY NEW CONVENIENCE ftUIANF Carolina Suburban Gas Co. (i. B. Sheppard I^aurens, S. C. Phone 508 "One of our neighbor farmers usually puts about 150 pound of Chilean Soda on Ins oats for top-dress ing Last spring he hauled it to the field in a wagon. Wherever he stop to fill the distributor, some of the Soda spilled on the ground. “All season long those spots where the wagon done stored look greener , and growcd thicker than the rest of ine field. The farmer figured that every place he stop must a got about 300 pound of .Soda an acre an^ made twice as much oats. He told me, ‘I should’a parked that wagon all over the field! 11 average Clevelander would be taken, weekly, for $2, or $104 annually, leaving him with $54.22 a week, or $2,899.90 annually, assuming maxi mum social welfare levels apply. In other words, on the basis of present income tax rates and maxi mum estimated social welfare rates, on his $65 a week, he would pay to the government in payroll deductions $10.78 weekly—or, on an annual ba sis, of his $3,380, he would pay $480.10 in withholding taxes and payroll deductions. But, while it is difficult to assume what new tax levels to take care of the program might reach, let us as sume for the moment that they were returned to the rates which prevailed before the Eightieth congress reduc ed them to their present state. That old rate would about take care of the additional needs from general reve nue sources. Under those rates, Mr. Average Clevelander would drop $15.50 a week in » withholding taxes. That would cut nis weekly take-home pay to $59 50, and the social welfare tax es would cut that down to $50.72 a week or $2,637.44. In other words, on $3,380 of annual pay. the Clevelander would turn over to the federal gov ernment $742.56 in direct taxes of one kind or another. Reduced to percentages, that’s above 22 per cent of total income— nearly one dollar and a half out of every five. ’ Persons who lately have seen what a short distance a $5 bill will go in a grocery store probably need no fur ther translation. — From The News and Courier. SIX-INCH SERMON By Rev Robert II. Harper PARABLES OF JFSFS (TEMPERANCE) Lesson for March 6: Mark 4:1-9; Luke 15:11-14. Memory Selection: Galatians 6:7. It was some time after entering upon his ministry that Jesus began the use of parables. A parable is a narrative o.* supposed events, all of which come within the range of prob ability—used to set forth spiritual truth. The parable of the sower illus- t’-ates several kinds of hearers of the gospel. They are like hard ground by the way, stony ground, ground choked with thorns, and good ground. Answering to the four kinds of ground are hearers at first great ly impressed but soon forgetting, men of shallow convictions, those lost through love of the world, and wise hearers. The second parable considered in Uu»i lesson is that of th^'Prodigal Son—parable that illustrates the folly of men and the readiness of the Father to forgive. There is also a lesson from the elder son who did not join in the welcome to the prodi gal. How many persons show their lack of love toward the wayward and are not Concerned to help him! The story of the Prodigal Son pro vides abundant material for a lesson on temperance. The foolish son soon wasted his substance in riotous liv ing and came to want. So do prodi gals of the present time often lose their all in vicious hying. Unrepent ant, they lose their souls. The only safe way leads in the opposite di rection from the pathway of the wicked. Let any who have Pecome enmeshed in the snares of evil re solve through faith to return to the Father’s house. .SUBSCRIBE TO THE CHRONICLf “The Paper Everybody Readx” CITY SHOE SHOP Pitts Street Expert Shoe Repairing Clinton ond Goldville S. D. Dawkins & Sons qpooogcgcaonttagtanoocuappnt Gray Funeral Home Clinton. 8. C. FUNERAL DIRECTORS ...and... EMBALMERS AMBULANCE SERVICE Phone* 41 and 399-J L. RUSSELL GRAY and V PARKS ADAIR Gen M*n* W/ all ov»* r AMERICA’S BIGGEST COLA VALUE! When you buy the big, BIG 12-ounce bottle of Pepsi Cola, you get TWO FULL GLASSES in every bottle — yet yo« ALSO get top quality in every drop. Ounce for ounce, no finer cola! So today, tomorrow, ALWAYS — buy America’s BIGGEST cola valine: Pepsi-Cola! 4 Whenever you shop, always take home six big, BIG 12-ounce bottles of Pepsi-Cola for the family! TWELVE full glasses—plenty for all! No Finer Cola at Any Price! PEPSI-COLA BOTTLING CO. GREENVILLE, S. C. it /■ V UJH6R& TO GO Or DEPEND A BL'£ A NO PP/END/. V SEG V/CE Uncle Natchel's :: • • • • Ruers BEAUTY SHOP “PofrMional Care . . . Is Beat (or Your Hair” S. Broad St. Phone 453 We Invite Your Business -i, XlfA V 4.' R. L. Plaxieo D. E. TRIBBLE CO. BUILDERS SUPPLIES Phone 94 W Roy Pitts PITTS COAL CO. ‘ Best Quality Coal” Phone 75 PITTS SER. STATION •‘Service With a Smile” William Mi Shields SHIELDS' MODERN STUDIO COMMERCIAL AND PORTRAIT PHOTOGRAPHY Jacobs Bide. Phone 85-W :: 8 H Robert E. Wysor, HI “Service Beyond the Contract” GENERAL INSURANCE REAL ESTATE R. E. WYSOR, III Jacobs Bldg. Phone 85-J a Mr. and Mrs. P. L. Roddy RODDY'S RESTAURANT “Serving Fine Food for Fine Folks” Shields’ Modern Studio Shields’ Modern Studio, located on the ground floor in the Jacobs Building, is owned by William W. Shields. He special izes in commercial and portrait photography. His opening in his new location is announced for Friday, March 4. For those who recognize and appreciate good portraits of themselves or members of their family, as well as those who need sharp, non-racing images of every detail for business rec ords or news purposes, remember Shields’ Modern Studio has built a reputation among those who have entrusted their pho tographic needs to this studio as a) dependable specialist in por trait and commercial photography. You will also And at Shields’ Modern Studio a selection of all amateur supplies, including kodaks, tripods and other photo graphic equipment as well as picture frames. Mr. Shields started operating his business December 1, 1947, and his large clientele is a> tribute to his ability as a good pho tographer. . _. a '4m * M T-V Mr. and Mrs. J. R. Cox COX HOME fir auto SUPPLY CO. “Customer Satisfaction Guaranteed” 201 N. Broad Phone 12 A P C H. G. Chandler ’ CHANDLER'S GARAGE General Auto Repairing Phone 71 v.. i f^//> * Thomas E. Baldwin BALDWIN APPLIANCE CO. FRIGID AIRE SAIFS AND SERVICE Domestic and Commercial Appliances C. W. Cooper , C. w. COOPER GARAGE KAISER-FRAZIER Sales and Service All Makes of Cars Repaired and Serviced L. E. Bishop W. M. Waiker BISHOP-WALKER REXALL STORE -If If. Rex.ll. II’. RUM" J. Elliott Law CLINTON BODY REBUILDERS ‘Doing What We Know— Know What We’re Doing” 106 Hampton Ave. Phone 539 \