The Clinton chronicle. (Clinton, S.C.) 1901-current, March 03, 1949, Image 12
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Pace Four
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TtfE CLINTON CHRONICLE
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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.
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“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
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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
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