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SECTION 2-PAGE 2-PWINDEALER-WED,. MAY 9, 1973 Tax Incentives For Charitable Giving Urged Congressman John B. An­ derson (R-I1I.) has introduced three bills to "further en­ courage charitable giving in our country" through tax in­ centives. Anderson's Higher Education Gift Incentive Act of 1973 would give taxpayers a 50 percent tax credit on contributions up to 9200 made to institutions of higher learning. In explaining his bill in the House of Representatives, Anderson said, "It is specifically designed to encourage more people to make small donations to the college or university of their choice. Many people who would otherwise make such contributions do not po\fr-do so because they do not itemize and therefore cannot take ad­ vantage of the existing charitable deduction. My bill would thus give such people this new incentive for giving by permitting them to simply subtract half the amount of their contribution from their federal income tax bill. The increased individual giving generated by this new incentive should be of great benefit to our financially troubled colleges and universities." Anderson's second bill would increase the incentive for business firms to contribute medical and hospital supplies to charitable organizations for care of the ill, needy and in­ fants. In Anderson's words, "Prior to the 1969 Tax Reform act, a firm was permitted to deduct the retail value of goods so contributed. But the Tax Reform act reduced the deduction to the original cost value of the goods, and as a consequence corporate giving of these supplies to charities has fallen off by as much as 70 percent. My bill would permit a deduction based on cost plus one-half the appreciated value of the goods - a compromise between the pre-1970 and existing deductions." Anderson's third bill would reduce the current 4 percent excise tax on foundation in­ vestment income to 1V2 per­ cent. In Anderson's words, "When this 4 percent tax was instityted in the 1969 Tax Reform act, it was with the purpose in mind of producing revenue for auditing foun­ dations and other charitable organizations. But while these audits cost about $19 million a year, the excise ,t$x^ is generating around $56 million a year, and foundations are proportionately limited in what they can pay out for charitable purposes. My bill will provide more than enough revenues for auditing while increasing the amount which will be available from foundations for wor­ thwhile social projects and services. Set THeme For Senior Citizens Month In May "Older Americans in Action" will be the theme as the nation observes Senior Citizens Month in May, according to Wm. Biscomb Social Security branch manager in'Woodstock. In proclaiming Senior Citizens month, President Nixon said the theme "points our attention to the basic fact that most older people are not mere onlookers in our society - nor are they society's wards. They remain vital, versatile and highly valued contributors Any person or business that is on the square will have a large circle of friends. The Bible Speaks Virgfe L. Chappell, Pastor First Baptist Church, McHenry SHOULD A CHRISTIAN BE BAPTIZED? There are many opinions of the importance of Christian baptism. The spectrum ranges from an indifferent attitude on the part of the many to that of absolute necessity for access to heaven on the part of others. The Bible is neither silent nor confusing on this point. Let's see what it has to say. If we would first look to the life and example of Jesus Christ Himself, there should be some very important information to be found Jesus Christ is the founder of the church (I Corinthians 3:11). He is the Head of the church (Ephesians4:15; 5:23). He is as a bridegroom with His bride - the church (Matthew 9:15, John 3:20). His own example is of utmost importance. We see, first, that Jesus Christ Himself submitted to baptism (Matthew 3). Though John the Baptist evidently saw no need for Jesus to be baptized, Jesus insisted that it was to "fulfill all righteousness" (Matthew 3:14-15). God, the Father's personal sanction came directly from heaven at that time as the Spirit descended and the Voice spoke, "This is my beloved Son, in whom I am well pleased" (Matthew 3:17). The gospel writer, St. John and John the Baptist, both connect this heavenly action with the compliance of Jesus with the act of baptism (John 1:29-34). As Jesus began his ministry, those persons who followed him were baptized. This baptism ocas not simply a spiritual baptism as some would contend, but one that was like John the Baptist's - in water (John 4:1, 2; Acts 19: 1-7). It was said that Jesus was to baptize "with the Holy Ghost" (John 1:33) but there is unquestionable evidence that the spiritual reality was demon­ strated by the physical act of water baptism. Not only did Jesus baptize but he taught his disciples to baptize also (John 4:2). It was said that "all Judea and all the region round about Jordan" (Matthew 3:5-6) went out to be baptized of John the Baptist. And completing the picture, the Apostle John says he "made and baptized more disciples than John" the Baptist (John 4:1). In his commission, Jesus instructed his disciples to continue to baptize their converts (Matthew 28:19-20). We see this com­ mandment being fulfilled when, at Pentecost, there were 3,000 converts made and baptized (Acts 2:41). Philip baptized the converts of the ancient city of Samaria (Acts 8:12). It is interesting here that it seems a pointed statement that women were also baptized, a practice which probably began with Christian baptism. Philip also baptized, in water, the Ethopian (Acts 8:38-39). The Apostle Paul was baptized after receiving the fullness of the Holy Spirit (Acts 9:17-18). The Apostle Peter commanded the Roman converts at Caesarea to submit to water baptism (Acts 10;47-48). TTiere are many other references showing the importance and practice of baptism. Suffice it to say that God's desire is for Christians to submit to water baptism. I McHENRY COUNTY ARTISTS! Become a part of the biggest art show of the year; help McHenry Hospital, help yourself; see works of other artists, too! ENTER NOW, CLIP COUPON FOR INFORMATION. l§7^Country Art Fair --June 22-24 McHenry Junior High School For registration information, mail coupon to: Mis. Karen Gemell, 4313 New Hampshire Trail, Crystal Lake, III. 60014 k--" i > Name. i Address, i i i i >«• - City ' - • Zip Code Artists must be residents o? McHeniy County to exhibit. to the quality of American life." "Social Security is active in helping older Americans remain active and involved," Biscomb said. According to Biscomb, Social Security now pays over $lVfe billion a month in retirement benefits to about 18 million people. "Payments have in­ creased more than 50 percent since 1969," he said. "Recent changes in the Social Security law have increased payments to.widows 62 and over and to workers who delay retirement past 65." In the future, Social Security payments will generally in­ crease automatically with the cost of living, according to Biscomb. "And nearly everyone 65 and over can get Medicare," he noted. The President said Senior Citizens month must be "a time for strengthening those human bonds which will ensure older Americans an active and honored place in our families, our communities, and our nation." "If Senior Citizens have suggestions or questions about Social Security," Biscomb said, Father Uektelg mi Teach In -Washington The Rev. Franz B. Licktieg, O. Carm., on academic leave from Joliet Catholic high school, will teach a graduate course entitled "The Early Middle Ages" at the Catholic "we invite them to call, write or visit any Social Security office. Every month is Senior Citizens month at Social Security." The Woodstock Social Security office is at 224 West Judd street. The phone number is 815-338-3750. University of America in Washington, D.C. Father Franz will teach in the Medieval and Byzantine Studies program of the Department of History during the six-week summer session. The son of Mr. and Mrs. Alfons Lickteig of 4917 N. Roger, McHenry, Father Franz is a scholarship student at Catholic university to obtain a doctorate in Medieval Ec­ clesiastical History. Ordained at Rome in 1958, Father Franz received his Bachelor of Arts degree irt Philosophy and Master's degree in History from St. Bonaventure university, Olean, N.Y. He also holds a Master's 4-H NEWS At the April meeting of the Bull Valley Doers, plans were made for a ten-day campout in July to Nicolet National Forest in Wisconsin. It was noted that the baseball season will soon start for the club. Ronda Schiller Scrib3e The arch in the cat's back is about the only thing ever im­ proved by anger. degree in theology from the College Sant'Alberto in Rome and 5d graduate work at the Gregorian university there. Northern Illinois' largest carpeting specialist does it again with over 1,000 rollsi in stock -- and over 1,000 remnants \ Improve the looks and value of your home this week! DO-IT-YOURSELF . . . Save over 30% by buying at sale prices and installing yourself. OVER 100 ROUS IN STOCK! NYLON SHAG (SPECIAL PURCHASE) with high-density foam back, 5 colors in stock, ^ M**** limited supply • sq yd. This carpet is idea! for the extra room! STATIC FREE KITCHEN CARPET can be used in any area -- 10 colors in stock at Tidy- High density foam back. 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