The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

20 - PLAINDEALER - WED. AUGUST 20, 1969 ^mTTTBj McCLORY REPORTS From Washington VISIT CAPITOL -- Mr. and Mrs. Chester K. Krasucki, 4901 West Shore drive, McHenry, spent Aug. 4 and 5 in Washington, D.C. While visiting some friends in the city, the couple, along with their children. Barbara, Mike and Pamela, and Chester's mother, Mrs. Stella Krasucki, also toured the Capitol building as guests of Rep. Robert McClory. During their tour, the family posed with the Congressman on the steps of the Capitol building. Shown here, from left to right, are Mrs. Stella Krasucki, Mrs. Krasucki, Rep. McClory and Krasucki. Sitting in the foreground are Barbara, 13, Mike, 10, and Pamela, 11. Besides Washington, the family also visited Niagara Falls, Stanford, Conn., and the Baseball Hall of Fame (Cooperstown, New York). Leaving home on Aug. 2, they returned on Aug. 14. GIVE DETAILS OF MARINE CAPTAIN'S SALARY PLIGHT • Mrs. Gertrude Casey this week gave details regarding the request she has made for ap­ proximately $750 she says is dueler son, Capt. Maurice Casey of the U.S. Marine Corps,, as a result of fulfilling a teach­ ing contract in District 15. Mrs. Casey says her son en­ tered into a written contract in April of 1965 to teach for the fourth year. He resigned June 19 of that year, then after a change of plans returned to Mc­ Henry when his college work was completed in August. He did not accept his diploma at that time, she said, but chose to graduate with his class the fol­ lowing June. The contention of Mrs. Casey is that the board has refused to pay on the salary scale on the fourth year step. She added that he has long held a BA de­ gree, has nine hours on his Master's degree and five cer­ tificates. The 91st Congress-whichhas been slow to acton many issues- may distinguish itself as the Congress which enacted Tax Reform.Indeed, the Tax Reform Act of 1969 (H.R. 13270) al­ ready has passed the I . S. House of Representatives by a lop­ sided vote of 394 to 30. How­ ever, before becoming effec­ tive, the bill must be acted up­ on by the Senate. The House bill, whit^h cov­ ers twenty-seven separate ar­ eas of the Internal Revenue Code, is aimed at closing a dozen or more tax loopholes, and seeks to eliminate num­ erous inequities which have de­ veloped under the existing law. The most reassuring aspect of the Tax Reform bill is the general reduction in individual income taxes ranging from a 5 percent cut for large taxpay­ ers to a 64 percent windfall for taxpayers with annual in­ comes of less than $3,000. In fact, more than 5 million tax­ payers with small incomes will be relieved of all tax liabil­ ity. _ The generous oil depletion allowance in the Internal Rev­ enue Code has been a "sa­ cred cow" for many years. Now, at long last, this allowance is being rolled back from27%per- cent to 20 percent. Private foundations will be taxed under the House Bill at a rate of 7V2 percent. In ad­ dition, new restrictions will prevent self-dealing and will forbid control of private cor­ porations through the device of foundations. Also the measure will prevent the application of funds for political activities. The tax reform measure may hit hard at a number of'gentle- men farmers" who are in the habit of deducting their farm losses from their non-farm in­ come. Under the House bill when farm losses total more than $25,000 and income from other- sources exceeds $50,000, only the $25,000 figure may be de­ ducted in full. Indeed, where there is no expectation of gain, the entire * hobby farm loss" will be disallowed. The existing 25 percent rate limit for capital gains is re­ placed by a provision that one- half of the gain shall be tax­ ed at the taxpayer's regular rate. In> addition, the holding period is extended from six months to one year. The most controversial part of the tax reform bill is the pro- visiSh subjecting state and mun­ icipal bond interest to taxa­ tion. The House bill -- with its language granting federal subsidies (to compensate for the income tax liability) --is both complex and highly unpop­ ular with state and local of­ ficials. The outcome of this part of the Tax Reform bill will not be known until the Senate takes action on the measure. Many areas not covered in this report will be scrutinized closely by taxpayers, tax law­ yers, accountants and others. The overall effect of the tax re­ form plan is to grant relief to individual taxpayers large and small -- and to shift ad­ ditional tax burdens to corpor­ ate taxpayers. From all appearances the Congress, prodded by the Ad­ ministration, will act favorably on the bill -- with tax reform major accomplishment of the 91st Congress -- probably. UNDERWEAR BOMBER STYLE VINYL JACKETS POODEDI SKI JACKETS Heavy quilted lining keeps him warm in bitterest weather Knit collar and cuffs keep wind out. Loden brown, blue Reverses from bright multi-color stripe to solid blue quilted style With warm pile hood and easy zipper front 4.99 8.99 50% Cotton 50% Creslon Boys' Sizes 6-16 Gir l 's Sues 7 14 LONG SLEEVE SWEATSHIRTS MANY MORE TO SELECT FROM WE NOW ©n CARRY NATIONALLY ADVERTISED NEW YORK GIRLS' COATS Men's S,M,L W a r m m e d i u m weight shirt in rag- Ian sleeve style it 's ideal for casual wear Insolidcolors SIZES INFANTS TO SIZE 12 BOYS' & GIRLS' SWEATSHIRTS REG. 1.39 Come in and see these beautiful coats and make your selection NOW 275 CT. TYPING PAPER 600 CT. FILLER PAPER SPECIAL Plain white 8' ' i x 11-inch sheets in poly package Use at home office & school Stock up now for school and save with regular, marginal ruled 5 hole fi l ler paper High Or low Top BASKETBALL SHOES •*r's2V> « Ytvth'i 11-13") 99t BEST QUALITY Washable heavy duck uppers in lace to toe fit 2.99 & 1.99 Suction non-skid soles nder Theme Sol id S ta te CLOCK RADIO Dazzling color com­ binations in new dots and stripes Choose the trio you like best Wake up to the music of your favorite AM radio sta tions Sturdy 8-mch case reg. $12.98 value J Misses & women's SNEAKERS 1.99 I t 's Fi l led! CANVAS BINDER Washable sturdy whit canvas with cushioned insole & toe last Sizes &;\ 0 and 12'2-3 SNEAKERS $2.99 Bright solid colored canvas binders supplied with one pack of fi l ler paper & index guides Reg. 1.39 Back To Sthool $3 . $4 BENfFRANKLIN Colorful vinyl gram cas­ ual purses With top- handle or shoulder strap 2 GREAT STORES TO SERVE YOU BEN FRANKLIN & McHENRY'S FAVORITE SPORT CENTER What a Way to 6o Summer fun is over. Sorry. But make the best of the school year in groovy back- to-school clothes. Come in, see us soon. . W.II LEVIS STA-PREST SLACKS SOLID, CHECKS* PLAIDS HOPSACKS IN THE LATEST COLORS $6.98 to $13.00 CAR COATS McGREGOR & WINDBREAKER $30.00 to $60.00 SPORT COATS CURLEE HA RT- SC HAFF NE R 8. MA RX BROOKFIELD $35.00 to $75.00 OYS" STAPREST PANTS LEVI & KAZOO SOLID, PLAIDS $5.00 to $8.00 SWEATERS by JANTZEN& McGREGOR PULLOVER CARDIGAN^ V-NECK $12.00 to $30.00 BOYS' SWEATERS JANTZEH KAYNEE PULLOVER CARDIGAN, V-NECK $7.00 to $13.00 SPORT SHIRTS ADDRESS SHIRTS VAN HEUSEN 8. McGREGOR LONG & SHORT SLEEVES $5.00 to $8.00 BOYS'SHIRTS VAN HEUSEN & KAYNEE LONG AND SHORT SLEEVES SOLIDS CHECKS, PLAIDS, STRIPES *° SHOES LOAFERS & LACE MODELS by FREEMAN & FLORSHEIM $13.00 to $28.00 BOYS' WARM JACKETS by VAN HEUSEN WINDBREAKER LINED CPO TYPE $14.00 to $23.00 HOSE JOCKEY & ESQUIRE SOFT ORLON ^ $1.00 to $2.00 /7/cuee,4~ = J J M PARKING AREAS 1245 NORTH GREEN STREET PH. 385-0047 DAILY 8:30-6 p.m. FR1. 8:30-9 p.m. CLOSED SUNDAYS'