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Perspective TAX CUT SHARING BY RONALD REAGAN For a long time on the speaking circuit I have been reminding audiences that business doesn't pay taxes -- it collects them. If businesses didn't pass the taxes along to their customers in the price of their products and services they wouldn't stay in business very long. One illustration of the principle is the common practice of office building landlords in California to insert "escalator" clauses in tenant leases, automatically per­ mitting annual upward ad­ justments in rent as property taxes go up. Now there is a chance for the process to reverse itself, at least in the Golden State. Landlords and businesses which own property are beginning to feel the positive effects of Proposition 13, which rolled back assessments sharply. Not surprisingly, tenants are clamoring for a share of the benlfits. A few days after the June election I gave a speech in Sacramento in which I suggested that business and landlord groups share their tax savings with customers and tenants. After all, if you have to factor tax increases into your prices, tax savings should be a factor, too. I was happy to learn, not long afterward, that Michael West, president of the two-branch Bank of San Pedro, took note of those remarks and reduced the interest rates on all the bank's consumer loans. The larger banks and big corporations didn't do anything quite so dramatic, but a number of them did announce their intention (I can't take any credit) to invest their tax savings into business expansion and new jobs - another good way to help the economy. The Los Angeles Herald- Examiner started a daily "Landlord's Honor Roll" on the front page, listing area lan­ dlords who had pledged to share their tax savings with tenants. But, not enough landlords moved quickly enough. In fact, a few were reported to have raised rents after the passage of Proposition 13. Pressure began building on city councils and the state legislature to do something -- impose rent controls; roll back rents to May 31 levels; even mandate rebates to tenants. Landlord groups, worried stiff about rent control (which always proves self-defeating) are urging members to voluntarily share their savings with tenants. For example, Clark Wallace, president of the large California Association of Realtors, said landlords should share their tax savings, "in the form of lower rents, frozen rents or improvements in facilities and services for the benefit of tenants." The issue is still up in the air, caught up in election season c r o s s f i r e . M e a n w h i l e , California's huge treasury surplus, which neither Gov. Brown nor the legislature was willing to return to the tax­ payers - thus nearly insuring the passage of Proposition 13 -- continues to grow, thanks in large part to the state income tax rate structure. Cutting income taxes is long past due, just as it is at the federal level. The winds of change are blowing through the halls of Congress these days, in the form of the Roth-Kemp income tax cut bill. Just as Proposition 13 triggered the tax revolt that is moving through state after state, so the issue of income tax cuts in California could give the Roth-Kemp tax cut drive the boost it needs. In his anxiety to get in step with California voters, Gov. Brown has been apparently transformed from a big spender to a born again tax cutter. But ironically, his latest initiative - to cut state income and sales taxes - is not only long overdue but may also provide the fuel to feed what is essentially a Republican fire across the country. First Time January 31,1977 represents the first time on record that snow rested on part of every state of the contiguous 48. Anxious to make the right arrangements for your wedding? The details fall into place after a Welcome Wagon NEARLYWED PARTY.® We have some lovely gifts for you. Plus useful suggestions and helpful information from a wide range of wedding professionals. CaH and let's reserve a place for you. Carolyn Farrlngton I'm usually at nome 385-7980 Freedom Penod Furniture r ^ \ Vuu^[p>vVm ...in the grand old ̂ American tradition - V . •. t FREE DELIVERY Solid Vermont Pine Thru 'nThru Rag 1549 00 $4W *•« SI2«iOO$1155 A Mobile Server,4l"xll"i30"H.,M"o B Welsh Buffet, V'H. i hutch top equipped with lights> C Oval Trestle Table, 44"x74"xtt"x»"H M2" leaves D Udder-Back Chair, fibre seat E Udder-Back Arm Chair, fibre seat *»g IU4 00MI5 *•9 »ITOOO$10i *•9 1137 00 $ 1 23 STOREWIDE SALE NOW IN PffOGffCSS Make meals memorble in a dining room ol elegant simplu it> with henn ington s colonial masterpieces Massive in scale, here is pine with a proud past, yet freshly new-fashioned to come alive in your home I arefulh anti qued and hand-distressed its mellow-rich finish glows with deep golden warmth Put your money on Bennington (or extra dividends of enduring beau t> and heirloom value Strode's Colonial Vermont Furniture Main Street, Huntley 312/ 669-3SOO Regular Hours Tues Sat 9-5. Friday 9 9 Closed Sun & Mon Strong*! by Gerry Johnson Grandmother Has Enough Love To Go Around Eighty-four year old Mrs. Rae Abrams of Albany, New York has her hands full and loves every minute of it. She recently became the volunteer grandmother to the children attending nurs­ ery school at the Albany Jewish Community Center, a role she added to her al­ ready busy schedule with the Senior Citizens Group, which is in the same build­ ing. "I read in the paper where they wanted a volunteer grandmother for the chil­ dren," Mrs. Abrams told a writer from the National Council on the Aging. "I went down the next day, applied and was hired on the spot." Mrs. Abrams is known by all the children as "Grand­ ma Rae." For many of them, "Grandma Rae" is the only grandmother they know. Being a real-life grand­ mother and great-grand­ mother, Mrs. Abrams has had more than enough ex­ perience to serve as a quasi-grandmother. "The kids and I have a marvelous time together," said Mrs. Abrams. "We talk, sing, tell stories and make things." When Mrs. Abrams is not at the nursery she can usually be found at the Senior Center. With so much involve­ ment at the Center, Mrs. Abrams has very little time for outside activities. "There's so much going on there that I want to be a part of," Mrs. Abrams said. The Center has arts and crafts, sewing, special events, programs, outings, daily luncheons, and weekly dinners. But what really catches Mrs. Abram's fancy are the dramatic events put on by the Center. "I enjoy acting," Mrs. Abrams said. "Sometimes I get a leading part and some­ times I don't. What's im­ portant is that I'm involved in something I like to do." • • * GERRY JOHNSON is looking for people to pro- RECIPE fi le in his Going Strong col­ umn. If you know an older person who is leading an ac­ tive, interesting life, Gerry would like to hear from you. Jot down the person's name, address, telephone number and a brief bio­ graphical sketch and send it to: Gerry Johnson NCOA 1828 L Street, N.W. Washington, D.C. 2(X)36 * * * South Carolina' s new merit rating plan should benefit the state 's elderly. Statistics show older drivers tend to be involved in fewer automobile acci­ dents than those in other age groups. In July, a revised auto­ mobile insurance "Uniform Merit Rating Plan'" went into effect. It awards dis­ counts to drivers who have had no accidents or viola­ t ions and places surcharges on those who have. According to the South Carolina Department of In­ surance. "Future rates for drivers with clean records should be held down he- cause the new system places more of the premium bur­ den on drivers with accident and traffic convictions." All automobile insurance companies in South Caro­ lina are required to use the system. * * * * Success that is perma­ nent comes slowly, if at all. By Sarah Ann Sheridan Cheese has increased in popularity because it fits into modern menu planning and there are many wonderful cheeses you can buy in your super market. Frozen Cheese Salad 3 oz. cream cheese 1 c grated American cheese ^ 6 green minted cherries, chopped 1 c cre^m whipped 1 c mayonnaise Mash cream cheese and work in American cheese. Add cherries. Combine whipped cream and mayonnaise. Fold into cheese mixture and freeze. Hot Cheese Tomato Bacon ( Sandwich 4 slices bread 2 T mayonnaise 2 T chopped onion 4 slices American cheese 4 slices crisp, cooked bacon 1 tomato Spread bread with mayon­ naise. Race onions and a slice of cheese over mayonnaise. Slice tomato into 8 slices and place 2 slices over each sand­ wich. Plance sandwich on a cookie sheet and brown under preheated broiler for 5 min utes. Top each sandwich wuh a strip of bacon. <£IpTi THE LUMBERY# WHOLESALE- RETAIL . EVERYBODY SAVES AT THE PLUMBERY! 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